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  2. Northwest Municipal Federal Credit Union

Northwest Municipal Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.65%SavingsRegular Share
1.15% - CIT Bank Spring Savings
0.10%CheckingPremium Plus Checking
0.13% - National Average
0.03%CheckingPremium Checking
0.13% - National Average
View all Northwest Municipal Federal Credit Union rates »

Overview / Commentary
www.mynmfcu.com
847-391-5369
1420 Miner St Room 405
Des Plaines, IL 60016

Northwest Municipal Federal Credit Union is headquartered in Des Plaines and is the 93rd largest credit union in the state of Illinois. It is also the 2,924th largest credit union in the nation. It was established in 1966 and as of March of 2017, it had grown to 4 employees and 1,805 members at 1 location. Northwest Municipal Federal Credit Union's savings rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of the Des Plaines Police and Fire Deparment, City of Park Ridge, Des Plaines and Park Ridge Libraries and Park Districts, North Maine Fire Protection District, the Maine-Niles Association of Special Recreation and other select groups.
See current membership details

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Health
B+

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 Municipal Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #17752
Year Chartered1966
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD8.39%
Annual Interest Income$189.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$30.4MM$28.3MM
LoansQ1 2017vs Q1 2016$13.2MM$12.6MM
DepositsQ1 2017vs Q1 2016$27.7MM$25.8MM
Equity CapitalQ1 2017vs Q1 2016$2.7MM$2.5MM
Loan Loss AllowanceQ1 2017vs Q1 2016$36.00K$28.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$32.00K$21.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$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 Municipal Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$50k*-Regular Share
OTHER TIERS: 0.10% → $50 - $5k | 0.25% → $5k - $25k | 0.41% → $25k - $50k

Northwest Municipal Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2k-Premium Plus Checking
0.03%$500-Premium Checking
Locations


Northwest Municipal Federal Credit Union Locations
Branch Office1420 Miner St Room 405Des Plaines, IL 60016