First Northern Credit Union

Headquarters

230 W Monroe St, Suite 2850
Chicago, IL 60606
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 5.50% →
1-Year CD 0.45% 4.80% →
2-Year CD 0.55% 4.25% →
5-Year CD 0.90% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

First Northern is an NCUA insured institution located in Chicago, IL. It was founded in 1944 and has approximately $337.69 millions in assets.

Who can join?

You can hve the benefits of membership with First Northern Credit Union if you fall under one of the following categories:

• You live or work in the following counties in Illinois: Winnebago, Lee, Boone, Ogle, McHenry, Dekalb, DuPage, Kane, Will, Grundy, Kendall County, or persons who live, work, worship or attend school in, and businesses and other legal entities located in Stephenson County, IL.
• You live or work in the City of Evanston
• You are a Northwestern University Student, Alumni or Employee
• You are a tenant or an employee of tenants at the 230 W. Monroe building (under the management of Douglas Elliman-Beitler Management Corporation)
• You are a tenant or an employee of tenants at the 541 N. Fairbanks Court, Chicago, IL building (under the management of Golub Realty Services, LLC)
• You are related to a current member of First Northern Credit Union

NCUA Insured Yes / State-Chartered
Charter Number # # 66359
Date Established 1944
Assets $337.69 million
Loans $217.53 million
Deposits $304.54 million
Capital $31.74 million
 

Field of Membership Restrictions

Membership is open to those who live or work in Boone, Dekalb, DuPage, Grundy, Lee, McHenry, Ogle, Stephenson, Will, Winnebago, Kane or Kendall counties in Illinois, the City of Evanston, employees of Exelon and subsidiaries, and employees or members of other select employer groups.

Deposit Rates - November 12, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.35% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - November 12, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for First Northern

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Pure Rate Mortgage
NMLS ID: 2578474
6.494% 6.375% 0.88 $4,010 $1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.981% 6.875% 0.88 $3,442 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125% 1.00 $3,200 $2,156 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to First Northern
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are First Northern branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


First Northern Locations around zip code 43085


BranchDistance Map View Lobby Hours

03 - Streeterville

278.91 A View Lobby Hours

01 - Monroe

279.24 B View Lobby Hours

04 - Evanston

287.07 C View Lobby Hours

02 - Show Place

353.85 D View Lobby Hours


Climate Policy and Initiatives

FIRST NORTHERN is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

First Northern Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Northern. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
First Northern U.S. Average
7.13% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, First Northern had $2,369,308 in non-current loans and $25,325 in owned assets. To cover these potential losses it had $31,743,866 in net worth and $1,826,905 in loans loss reserves. That gives it a Texas Ratio of 7.13%.

Net Worth
First Northern U.S. Average
9.4% 13.93%

First Northern FCU has a net worth of 9.4% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for First Northern

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