Northwest Municipal Federal Credit Union


Overview / Commentary
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 81st largest credit union in the state of Illinois. It is also the 2,682nd largest credit union in the nation. It was established in 1966 and as of March of 2025, it had grown to 4 employees and 1,762 members at 1 location. Northwest Municipal Federal Credit Union 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+
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 - YTD1.58%
Return on Equity - YTD11.75%
Annual Interest Income$496K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$38.2MM$37.9MM
LoansQ1 2025vs Q1 2024$15.8MM$15MM
DepositsQ1 2025vs Q1 2024$33.1MM$33.4MM
Equity CapitalQ1 2025vs Q1 2024$5.1MM$4.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$49K$54K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$9K$0
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Northwest Municipal Federal Credit Union are currently being reviewed.

Locations


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

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