Northwest Consumers Federal Credit Union

Overview / Commentary

www.nwconsumers.org

231-947-7600

2948 Garfield Rd N
Traverse City, MI 49686-5008

Northwest Consumers Federal Credit Union is headquartered in Traverse City and is the 183^rd largest credit union in the state of Michigan. It is also the 3,343^rd largest credit union in the nation. It was established in 1952 and as of March of 2019, it had grown to 7 employees and 2,671 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.
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Health

Data as of Q1 2019

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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	7
Primary Regulator

Profit Margin
Return on Assets - YTD	0.71%
Return on Equity - YTD	5.76%
Annual Interest Income	$210.00K

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$20.3MM$20.3MM
Loans	Q1 2019vs Q1 2018	$12.8MM$14.0MM
Deposits	Q1 2019vs Q1 2018	$17.8MM$17.8MM
Equity Capital	Q1 2019vs Q1 2018	$2.5MM$2.3MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$217.00K$213.00K
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$54.00K$151.00K
Real Estate Owned	Q1 2019vs Q1 2018	$0$50.00K

Rates

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Savings
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Northwest Consumers Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.85%^*	$40k^*	-	Traditional IRA Account
OTHER TIERS: 0.50% → $10 - $40k
0.75%^*	$85k^*	-	High Yield Account
OTHER TIERS: 0.10% → $10 - $500 \| 0.15% → $500 - $1k \| 0.20% → $1k - $2.5k \| 0.35% → $2.5k - $50k \| 0.60% → $50k - $85k
0.25%^*	$2.5k^*	-	Share Savings Account
OTHER TIERS: 0.10% → $10 - $500 \| 0.15% → $500 - $1k \| 0.20% → $1k - $2.5k

Northwest Consumers Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.63%	$500	-	60 Month Share Certificate
2.32%	$500	-	24 Month Share Certificate
2.22%	$500	-	48 Month Share Certificate
2.02%	$500	-	36 Month Share Certificate
1.76%	$500	-	12 Month Share Certificate
0.75%	$500	-	6 Month Share Certificate

Northwest Consumers Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.63%	$500	-	60 Month IRA Certificate
2.32%	$500	-	24 Month IRA Certificate
2.22%	$500	-	48 Month IRA Certificate
2.02%	$500	-	36 Month IRA Certificate
1.76%	$500	-	12 Month IRA Certificate
0.75%	$500	-	6 Month IRA Certificate

Locations

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

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