First Northern Credit Union
Headquarters
230 W Monroe St, Suite 2850
Chicago, IL 60606
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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 25, 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 |
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|
|
Money Market
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.05% | $10,000 | $14,999 |
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|
|
Money Market
|
0.35% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - November 25, 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 |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.356% | 6.250% | 0.63 | $3,600 | $1,971 | Learn More |
NMLS ID: 2578474 |
6.368% | 6.250% | 0.88 | $4,010 | $1,971 | Learn More |
NMLS ID: 1025894 |
6.710% | 6.625% | 0.63 | $2,818 | $2,049 | Learn More |
NMLS ID: 3030 |
7.212% | 7.125% | 0.88 | $2,800 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Note to First Northern
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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
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 278.91 | A | View Lobby Hours | |
| 279.24 | B | View Lobby Hours | |
| 287.07 | C | View Lobby Hours | |
| 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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