Northwest Municipal Federal Credit Union

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A short history of Northwest Municipal FCU

Since its inception in 1966 the Northwest Municipal Federal Credit Union has been serving its members in the Des Plaines, 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 Nick Chiaro, the Northwest Municipal FCU has grown its membership to over 1,807 with assets of more than $30,480,677. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (847) 391-5369 or email them at info@mynmfcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Des Plaines, IL.

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

Charter Number 17752
Address 1420 Miner St, Room 405 
City Des Plaines 
State Illinois 
Zip-Code 60016
Phone Number (847) 391-5369
Fax Number (847) 391-5479
Email Address: info@mynmfcu.com
CEO/President Nick Chiaro
Members 1,807 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 30,480,677 
Website http://www.mynmfcu.com 

Compare Northwest Municipal Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Encore CU Main 25 E Algonquin Rd Bldg C 60016 (866) 338-6728 No 2.14
Chicago Faucet CU Chicao Faucet 2100 Clearwater Dr 60018 (847) 803-5000 No 2.93
Alliant CU San Mateo 700 Concar Dr 94402 (800) 328-1935 No 3.22
Metro CU Main Office 2440 E Rand Rd 60004 (847) 670-0456 No 4.34
Northwest Community CU SXU Branch 3835 W 103rd St 60655 (847) 647-1030 No 4.73

Northwest Municipal Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Northwest Municipal 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 2.12 2.88 N/A 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 N/A 43 82 N/A 100
Rank Among All Illinois Credit Unions N/A 12 25 N/A 18

Northwest Municipal Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.03 0.44 N/A N/A N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 132 71 N/A N/A N/A
Rank Among All Illinois Credit Unions 22 18 N/A N/A N/A
Northwest Municipal 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 8.0002421,589,149
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.1202023,589,248
Used Vehicle Loans 2.8803164,054,396
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 4.000894,160,235
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.33028247,244
TOTAL LOANS & LEASES 87713,640,272

Northwest Municipal 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 894,160,2357437,302
Open-End Fixed Rate 0000
TOTALS 894,160,2357437,302

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

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