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  2. Northwest Consumers Federal Credit Union

Northwest Consumers Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.56%5-year CD60 Month Share Certificate
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.65%1-year CD12 Month Share Certificate
1.50% - Ally Bank No Penalty 11-Month CDAdvertisement
0.25%SavingsShare Savings Account
1.15% - CIT Bank Spring Savings
View all Northwest Consumers Federal Credit Union rates »

Overview / Commentary
www.nwconsumers.org
800-343-1015
2948 Garfield Rd N
Traverse City, MI 49686-5008

Northwest Consumers Federal Credit Union is headquartered in Traverse City and is the 198th largest credit union in the state of Michigan. It is also the 3,519th largest credit union in the nation. It was established in 1952 and as of March of 2017, it had grown to 6 employees and 2,663 members at 1 location. Northwest Consumers Federal Credit Union has a C+ 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

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Health
C+

Data as of Q1 2017

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 Chartered1952
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD4.86%
Annual Interest Income$202.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$18.9MM$18.0MM
LoansQ1 2017vs Q1 2016$14.5MM$13.4MM
DepositsQ1 2017vs Q1 2016$16.6MM$15.9MM
Equity CapitalQ1 2017vs Q1 2016$2.2MM$2.0MM
Loan Loss AllowanceQ1 2017vs Q1 2016$165.00K$145.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$252.00K$124.00K
Real Estate OwnedQ1 2017vs Q1 2016$60.00K$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$40k*-Traditional IRA Account
OTHER TIERS: 0.50% → $10 - $40k
0.55%*$85k*-High Yield Account
OTHER TIERS: 0.05% → $10 - $500 | 0.10% → $500 - $1k | 0.20% → $1k - $2,500 | 0.30% → $2,500 - $50k | 0.40% → $50k - $85k
0.25%*$2,500*-Share Savings Account
OTHER TIERS: 0.05% → $10 - $500 | 0.10% → $500 - $1k | 0.20% → $1k - $2,500

Northwest Consumers Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%$500-60 Month Share Certificate
1.46%$500-48 Month Share Certificate
1.36%$500-36 Month Share Certificate
1.06%$500-24 Month Share Certificate
0.65%$500-12 Month Share Certificate
0.35%$500-6 Month Share Certificate

Northwest Consumers Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%$500-60 Month IRA Certificate
1.46%$500-48 Month IRA Certificate
1.36%$500-36 Month IRA Certificate
1.06%$500-24 Month IRA Certificate
0.65%$500-12 Month IRA Certificate
0.35%$500-6 Month IRA Certificate
Locations


Northwest Consumers Federal Credit Union Locations
Branch Office2948 Garfield Rd NTraverse City, MI 49686-5008