North Central Area Credit Union

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A short history of North Central Area CU

Since its inception in 1956 the North Central Area Credit Union has been serving its members in the HOUGHTON LAKE, Michigan 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 Jacci Pothoof, the North Central Area CU has grown its membership to over 14,982 with assets of more than $113,946,553. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (989) 910-5135 or email them at msr@ncacu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in HOUGHTON LAKE, MI.

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

Charter Number 61953
Address 2665 RESERVE RD, P.O. BOX 817 
City HOUGHTON LAKE 
State Michigan 
Zip-Code 48629
Phone Number (989) 910-5135
Fax Number (989) 919-5128
Email Address: msr@ncacu.org
CEO/President Jacci Pothoof
Members 14,982 
Full-Time Employees 25 
Part-Time Employees 22 
Number of Branch Offices
Total Assets 113,946,553 
Website http://www.ncacu.org 

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North Central Area Credit Union Financial Performance Charts


Performance Charts

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Financial Data


North Central Area 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 12.90 2.49 2.99 3.38 3.99
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 452 83 91 58 99
Rank Among All Michigan Credit Unions 80 17 23 4 14

North Central Area Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.15 0.35 0.80
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 124 293 184
Rank Among All Michigan Credit Unions N/A 16 28 66 36
North Central Area Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.9001,7482,619,910
All Other Unsecured Loans/Lines of Credit 9.0001,0021,489,691
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.4903306,333,480
Used Vehicle Loans 2.9901,97818,798,956
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.38030312,714,703
Total Other Real Estate Loans/Lines of Credit 3.99042648,670
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.4905825,811,239
TOTAL LOANS & LEASES 5,98548,416,649

North Central Area Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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 312,047,3123308,600
    b. 15 Years or less 2227,070,40915647,600
Balloon/Hybrid
    a. > 15 years 272,158,02300
    b. 15 Years or less 131,235,377187,000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 10203,58200
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 26399,144275,800
Closed-End Adjustable Rate 111,59100
Open-End Adjustable Rate 13207,24000
Open-End Fixed Rate 230,69500
TOTALS 34513,363,373211,119,000

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

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

North Central Area 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