Northwest Consumers Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.nwconsumers.org

231-947-7600

2948 Garfield Rd N
Traverse City, MI 49686

Northwest Consumers Federal Credit Union is headquartered in Traverse City and is the 157^th largest credit union in the state of Michigan. It is also the 2,996^th largest credit union in the nation. It was established in 1952 and as of March of 2025, it had grown to 6 employees and 2,362 members at 1 location. Northwest Consumers Federal Credit Union's CD rates are 96% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Grand Traverse County.
See current membership details

Reviews

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Health

Data as of Q1 2025

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Northwest Consumers Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	8077
Year Chartered	1952
Employees	6
Primary Regulator

Profit Margin
Return on Assets - YTD	1.53%
Return on Equity - YTD	9.45%
Annual Interest Income	$330K

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$26.8MM$27.5MM
Loans	Q1 2025vs Q1 2024	$14MM$15.2MM
Deposits	Q1 2025vs Q1 2024	$21.4MM$22.3MM
Equity Capital	Q1 2025vs Q1 2024	$4.4MM$4MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$116K$147K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$159K$83K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northwest Consumers Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.01%^*	$2.5k^*	-	High Yield Account
OTHER TIERS: 0.20% → $500 - $1k \| 0.35% → $1k - $2.5k
0.40%^*	$2.5k^*	-	Special Share Account
OTHER TIERS: 0.10% → $0 - $500 \| 0.20% → $500 - $1k \| 0.35% → $1k - $2.5k
0.10%	$10	-	Share Savings Account

Northwest Consumers Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	$500	-	24 Month Share Certificate
2.02%	$500	-	36 Month Share Certificate
2.02%	$500	-	48 Month Share Certificate
1.76%	$500	-	12 Month Share Certificate
1.06%	$500	-	60 Month Share Certificate
0.65%	$500	-	15 Month Share Certificate
0.45%	$500	-	6 Month Share Certificate

Northwest Consumers Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	$500	-	24 Month IRA Certificate
2.02%	$500	-	36 Month IRA Certificate
2.02%	$500	-	48 Month IRA Certificate
1.76%	$500	-	12 Month IRA Certificate
1.06%	$500	-	60 Month IRA Certificate
0.65%	$500	-	15 Month IRA Certificate
0.45%	$500	-	6 Month IRA Certificate
0.40%^*	$40k^*	-	Traditional IRA Account
OTHER TIERS: 0.05% → $10 - $10k \| 0.30% → $10k - $40k

Locations

Northwest Consumers Federal Credit Union Locations
Branch Office	2948 Garfield Rd N	Traverse City, MI 49686-5008

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