Northland Area Federal Credit Union

Headquarters

1161 N Bagley St
Alpena, MI 49707
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 5.50% →
1-Year CD 0.55% 4.80% →
2-Year CD 0.90% 4.25% →
5-Year CD 1.36% 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

Northland Area is an NCUA insured institution located in Alpena, MI. It was founded in 1957 and has approximately $671.82 millions in assets.

Who can join?

Northland’s Field of Membership is as follows:
• Persons who live, work, worship, or attend school in and businesses and other legal entities in the following Michigan counties: Alcona, Crawford, Iosco, Oscoda, Ogemaw and Roscommon. Also the following townships located in Arenac County: Arenac, AuGres, Mason, Sims, Turner or Whitney.
• Spouses of persons who died while within the field of membership of this credit union
• Employees of this credit union
• Volunteers in the community
• Members of the immediate family and household
• Organizations of such persons

NCUA Insured Yes / Federally Chartered
Charter Number # # 11979
Date Established 1957
Assets $671.82 million
Loans $425.99 million
Deposits $589.65 million
Capital $65.22 million
 

Field of Membership Restrictions

Membership is open to those who who live, work, worship, or attend school in and businesses and other legal entities located in Alcona, Alpena, Arenac, Crawford, Iosco, Montmorency, Ogemaw, Oscoda, Otsego or Roscommon Counties in Michigan.

Deposit Rates - November 22, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.40% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.90% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
30 Mo CD
0.95% $10,000 $14,999 Learn More
30 Mo CD
0.95% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.10% $10,000 $14,999 Learn More
48 Mo CD
1.10% $100,000 $199,999 Learn More
60 Mo CD
1.36% $10,000 $14,999 Learn More
60 Mo CD
1.36% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.00% $2,500 $3,499 Learn MoreShow Less

Loan Rates - November 22, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Northland Area

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
6.953% 6.875% 0.63 $2,534 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125% 1.00 $3,200 $2,156 Learn More
CrossCountry Mortgage
NMLS ID: 3029
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
7.240 %
After Intro: 7.240 %
$0 Learn More
More Info

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

Branches

Below are Northland Area 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



Climate Policy and Initiatives

NORTHLAND AREA 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

Northland Area Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northland Area. 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
Northland Area U.S. Average
2.05% 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, Northland Area had $1,030,497 in non-current loans and $429,827 in owned assets. To cover these potential losses it had $65,217,502 in net worth and $6,093,978 in loans loss reserves. That gives it a Texas Ratio of 2.05%.

Net Worth
Northland Area U.S. Average
9.71% 13.93%

Northland Area FCU has a net worth of 9.71% 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.



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