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Northwest Municipal Federal Credit Union

Popular Accounts at this Credit Union

0.65%SavingsRegular Share
0.10%CheckingPremium Plus Checking
0.03%CheckingPremium Checking

Overview / Commentary
1420 Miner St Room 405
Des Plaines, IL 60016

Northwest Municipal Federal Credit Union is headquartered in Des Plaines and is the 94th largest credit union in the state of Illinois. It is also the 2,975th largest credit union in the nation. It was established in 1966 and as of June of 2016, it had grown to 4 employees and 1,836 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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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

NCUA #17752
Year Chartered1966
Primary Regulator
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD6.39%
Annual Interest Income$357.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$28.8MM$28.4MM
LoansQ2 2016vs Q2 2015$12.9MM$12.4MM
DepositsQ2 2016vs Q2 2015$26.2MM$26.0MM
Equity CapitalQ2 2016vs Q2 2015$2.6MM$2.4MM
Loan Loss AllowanceQ2 2016vs Q2 2015$30.00K$66.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$11.00K$55.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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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

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

0.10%$2k-Premium Plus Checking
0.03%$500-Premium Checking

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