Northern Lights Community Federal Credit Union

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A short history of Northern Lights Community FCU

Since its inception in 1945 the Northern Lights Community Federal Credit Union has been serving its members in the CHATHAM, 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 Cathy Freberg, the Northern Lights Community FCU has grown its membership to over 1,485 with assets of more than $8,177,884. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (906) 439-5100 or email them at chathamebenfcu@charterinternet.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in CHATHAM, MI.

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

Charter Number 5272
Address P.O. BOX 126 
City CHATHAM 
State Michigan 
Zip-Code 49816
Phone Number (906) 439-5100
Fax Number (906) 439-5822
Email Address: chathamebenfcu@charterinternet.com
CEO/President Cathy Freberg
Members 1,485 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 8,177,884 
Website http://www.chathamebenfcu.com 

Compare Northern Lights Community Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Upper Michigan Community CU Main 200 E STATE HIGHWAY M28 49862 (906) 387-3839 No 14.49
Rock Community CU Rock Community Federal Credit Union 3975 W Maple Ridge 37th Rd 49880 (906) 356-6877 No 19.67

Northern Lights Community Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Northern Lights Community Federal 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 N/A 3.50 6.00 N/A N/A
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 209 443 N/A N/A
Rank Among All Michigan Credit Unions N/A 65 106 N/A N/A

Northern Lights Community Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 N/A 0.35 0.50
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 119 N/A 293 227
Rank Among All Michigan Credit Unions N/A 14 N/A 66 48
Northern Lights Community Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 10.000330806,818
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.50024472,711
Used Vehicle Loans 6.0002231,804,563
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 0.00000
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.5001271,105,366
TOTAL LOANS & LEASES 7044,189,458

Northern Lights Community Federal 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 0000
    b. 15 Years or less 0000
Balloon/Hybrid
    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 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 0000

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

Northern Lights Community Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans No
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
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 No
Home Banking Via Internet Website Yes