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Northwest Consumers Federal Credit Union


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 183rd largest credit union in the state of Michigan. It is also the 3,343rd 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.
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 - YTD0.71%
Return on Equity - YTD5.76%
Annual Interest Income$210.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$20.3MM$20.3MM
LoansQ1 2019vs Q1 2018$12.8MM$14.0MM
DepositsQ1 2019vs Q1 2018$17.8MM$17.8MM
Equity CapitalQ1 2019vs Q1 2018$2.5MM$2.3MM
Loan Loss AllowanceQ1 2019vs Q1 2018$217.00K$213.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$54.00K$151.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$50.00K
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
0.75%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Office2948 Garfield Rd NTraverse City, MI 49686-5008

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