2665 RESERVE RD, P.O. BOX 817
Houghton Lake, MI 48629
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Notable Rates APY Vs.Others
Savings 0.10% 1.62% →
1-Year CD 0.35% 1.55% →
2-Year CD 0.50% 1.45% →
5-Year CD 1.10% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

North Central Area is an NCUA insured institution located in Houghton Lake, MI. It was founded in 1956 and has approximately $117.87 millions in assets.

NCUA Insured Yes
Charter Number # # 61953
Date Established 1956
Assets $117.87 million
Loans $52.25 million
Deposits $104.92 million
Capital $11.71 million

Field of Membership Restrictions

Membership is open to those who live, work, volunteer, worship or attend school in Alpena, Alcona, Antrim, Arenac, Benzie, Bay, Cheboygan, Charlevoix, Clare, Crawford, Emmet, Grand Traverse, Gladwin, Huron, Iosco, Kalkaska, Isabella, Lake, Leelanau, Manistee, Mason, Mecosta, Midland, Missaukee, Newaygo, Montmorency, Oceana, Ogemaw, Osceola, Oscoda, Otsego, Presque Ilse, Sanilac, Roscommon, Tuscola, and Wexford Counties in Michigan. Membership is also open to anyone who receive a retirement pension, annuity, or similar retirement payment and live in or belong to a retirement organization in these counties.

Deposit Rates - May 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.10% $1 - Learn More
Money Market
0.15% $1,000 $4,999 Learn More
Money Market
0.20% $10,000 $24,999 Learn More
Money Market
0.20% $25,000 $49,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.15% $500 - Learn More
6 Mo CD
0.25% $500 - Learn More
12 Mo CD
0.35% $500 - Learn More
18 Mo CD
0.40% $500 - Learn More
24 Mo CD
0.50% $500 - Learn More
30 Mo CD
0.60% $500 - Learn More
36 Mo CD
0.90% $500 - Learn More
48 Mo CD
1.01% $500 - Learn More
60 Mo CD
1.10% $500 - Learn More
Variable IRA Rates APY MIN MAX
0.80% $1 - Learn MoreShow Less
Fixed IRA
0.35% $500 - Learn MoreShow Less

Loan Rates - May 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for NORTH CENTRAL AREA

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
2.952% 2.875% 1.00 $2,485 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

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Below are North Central Area branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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North Central Area Locations

Financial Details

North Central Area Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of North Central Area. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
North Central Area U.S. Average
2.91% 5.92

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of September 30, 2019, North Central Area had $344,095 in non-current loans and $7,600 in owned assets. To cover these potential losses it had $11,711,779 in net worth and $368,141 in loans loss reserves. That gives it a Texas Ratio of 2.91%.

Net Worth
North Central Area U.S. Average
9.93% 13.86%

North Central Area FCU has a net worth of 9.93% versus the BestCashCow average of 13.86. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About North Central Area

Branches and Savings

What is North Central Area?

A federal credit union, registered with the NCUA under certificate #61953.
Learn more about credit unions here.

Is North Central Area FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join North Central Area?

Please see Field of Membership information above for information on who is eligible to join.

What are North Central Area's share account and share certificate rates?

North Central Area's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is North Central Area?

North Central Area has total capital of $11.71 million. Full information on North Central Area's financial position is located above.

Who owns North Central Area?

Credit Unions are owned by their members.

Where are North Central Area branches located?

See branch locations nearby.

Are North Central Area ATMs Open 24/7?

Do North Central Area ATMs accept cash deposits?

Can North Central Area customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does North Central Area have a mobile app?

Does North Central Area have mobile deposit?

Does North Central Area have quick pay?

How can North Central Area transfer money to other banks or credit unions?

Does North Central Area report to credit bureaus?

Does North Central Area use Chexsystems?

Does North Central Area use Equifax?

What is North Central Area's toll free phone number?

What is North Central Area's ACH Routing Number?

What is North Central Area's SWIFT code?

Where can I find North Central Area's wire transfer form?

What is the North Central Area address for deposits?

What Products Does North Central Area Offer

Does North Central Area offer mortgages?

Compare mortgage rates here.

Does North Central Area offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does North Central Area offer auto and RV loans?

Compare auto loan rates here.

Does North Central Area offer student loans or personal loans?

Compare personal loan rates here.

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