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Northwest Consumers Credit Union

Overview
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Northwest Consumers Credit Union is a federal credit union based in Traverse City, Michigan. It has been opened since 1952, for 68 years.

With around $20,290,000 in assets, Northwest Consumers Credit Union is considered to be a medium size credit union. It has 1 branches and 1 ATM locations.

About
Address 2948 Garfield Road North
Traverse City, Michigan 49686
Website http://www.nwconsumers.org
Phone (231) 947-7600
Fax (231) 947-0732
CEO Cliff Esckleson
President of the Board Frances Butler
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
2,692 members
Membership type: Community credit union
Average number of members
385:1
Credit union member to staff ratio
385 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$20,290,439
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 4 in Michigan
Average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
8.88%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 4 in Michigan
Average number of branches
Northwest Consumers Credit Union Branch Locations

Northwest Consumers Federal Credit Union
2948 Garfield Road North
Traverse City, Michigan 49686
ATM Available
Members
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2,692 members
Membership type: Community credit union
Average number of members

With 2,692 members, the Northwest Consumers Credit Union is considered to be a medium size credit union. It is larger than 42% of credit unions.

Fees
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$101
Average fee per member
The average fee per member at the Northwest Consumers Credit Union is $101, which is very high compared to most credit unions. This rate is higher than 85% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Northwest Consumers Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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385:1
Credit union member to staff ratio
385 per each FTE employee
Compared to 411:1 nationally
Average number of staff
7 staff members
FTE (full-time equivalent)
0% of employees are part-time
7 full-time, 0 part-time

Northwest Consumers Credit Union has 7 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Northwest Consumers Credit Union has around 385 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$20,290,439
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$9,415
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 44% of credit unions.

Northwest Consumers Credit Union holds a total of $13,360,000 in loans and leases, which is about $9,415 per member on average.

Savings interest rate
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Northwest Consumers Credit Union pays 0.15%.

Loan rates
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8.88%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.46%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.68%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.57%
New car loan rate
Compared to 4.0% nationally
5.17%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.12%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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