First Northern Credit Union

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A short history of First Northern CU

Since its inception in 1944 the First Northern Credit Union has been serving its members in the CHICAGO, Illinois area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Edward Berg, the First Northern CU has grown its membership to over 23,626 with assets of more than $325,386,978. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (312) 332-6357 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in CHICAGO, IL.

General Information For First Northern CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 66359
Address 230 W MONROE ST, SUITE 2850 
State Illinois 
Zip-Code 60606
Phone Number (312) 332-6357
Fax Number (312) 332-0166
Email Address: none
CEO/President Edward Berg
Members 23,626 
Full-Time Employees 70 
Part-Time Employees
Number of Branch Offices
Total Assets 325,386,978 

Compare First Northern Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
St. Jude CU Main Office 205 W MONROE ST FL 7 60606 (312) 544-8213 No 0.22
Chicago Area Office CU Coporate Office 600 W MADISON ST 60661 (312) 575-5600 No 0.35
College And University CU Main Office 208 W Kinzie St Ste 1 60610 (312) 755-0997 No 0.45
U. S. Employees CU MAIN OFFICE 230 S Dearborn St Ste 2962 60604 (312) 922-5310 No 0.47
Peoples Energy CU Main 200 E Randolph St Fl 22 60601 (312) 240-4970 No 0.49

First Northern Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

First Northern Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.25 3.49 3.49 4.00 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 272 208 146 138 100
Rank Among All Illinois Credit Unions 32 63 39 27 18

First Northern Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.15 0.30 0.45 0.45
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 119 97 274 234
Rank Among All Illinois Credit Unions 20 31 16 48 33
First Northern Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.2505,96015,643,814
All Other Unsecured Loans/Lines of Credit 10.4901,1152,183,416
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.49075312,731,132
Used Vehicle Loans 3.4903,45140,192,032
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.00039561,187,473
Total Other Real Estate Loans/Lines of Credit 4.00086321,607,519
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 10.490173677,705
TOTAL LOANS & LEASES 12,710154,223,091

First Northern Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 13323,241,92410319,516,867
    b. 15 Years or less 22629,906,806325,246,866
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 368,038,7431225,000


Closed-End Fixed Rate 3137,400,443291,213,539
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 55014,207,076363,331,296
Open-End Fixed Rate 0000
TOTALS 1,25882,794,99220129,533,568


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

First Northern Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes