Northwest Consumers Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.38%5-year CD60 Month Share Certificate
1.51%1-year CD12 Month Share Certificate
0.25%SavingsShare Savings Account

Overview / Commentary
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 187th largest credit union in the state of Michigan. It is also the 3,352nd largest credit union in the nation. It was established in 1952 and as of June of 2018, it had grown to 7 employees and 2,700 members at 1 location. Northwest Consumers Federal Credit Union's CD rates are 68% 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

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Health
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
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD3.64%
Annual Interest Income$457.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$20.6MM$19.3MM
LoansQ2 2018vs Q2 2017$13.5MM$14.5MM
DepositsQ2 2018vs Q2 2017$18.0MM$16.3MM
Equity CapitalQ2 2018vs Q2 2017$2.4MM$2.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$202.00K$166.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$148.00K$116.00K
Real Estate OwnedQ2 2018vs Q2 2017$50.00K$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
0.85%*$40k*-Traditional IRA Account
OTHER TIERS: 0.50% $10 - $40k
0.65%*$85k*-High Yield Account
OTHER TIERS: 0.10% $10 - $500 | 0.15% $500 - $1k | 0.20% $1k - $2.5k | 0.30% $2.5k - $50k | 0.50% $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.38%$500-60 Month Share Certificate
2.02%$500-48 Month Share Certificate
1.97%$500-36 Month Share Certificate
1.92%$500-24 Month Share Certificate
1.51%$500-12 Month Share Certificate
0.60%$500-6 Month Share Certificate

Northwest Consumers Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.38%$500-60 Month IRA Certificate
2.02%$500-48 Month IRA Certificate
1.97%$500-36 Month IRA Certificate
1.92%$500-24 Month IRA Certificate
1.51%$500-12 Month IRA Certificate
0.60%$500-6 Month IRA Certificate
Locations


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

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