Duluth, MN 55811
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.50% 1.05% →
2-Year CD 0.75% 1.11% →
5-Year CD 1.50% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

Northern Communities is an NCUA insured institution located in Duluth, MN. It was founded in 1928 and has approximately $77.47 millions in assets.

NCUA Insured Yes
Charter Number # # 64655
Date Established 1928
Assets $77.47 million
Loans $53.93 million
Deposits $69.08 million
Capital $7.73 million

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in St. Louis County.

Deposit Rates - August 11, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
1.05% $10,000 $14,999 Learn More
48 Mo CD
1.05% $100,000 $199,999 Learn More
60 Mo CD
1.50% $10,000 $14,999 Learn More
60 Mo CD
1.50% $100,000 $199,999 Learn More

Loan Rates - August 11, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for NORTHERN COMMUNITIES

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
2.914% 2.875% 0.50 $1,250 $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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Northern Communities Locations

Financial Details

Northern Communities Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northern Communities. 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
Northern Communities U.S. Average
4.08% 6.71

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 March 30, 2020, Northern Communities had $278,104 in non-current loans and $48,712 in owned assets. To cover these potential losses it had $7,733,969 in net worth and $274,027 in loans loss reserves. That gives it a Texas Ratio of 4.08%.

Net Worth
Northern Communities U.S. Average
9.98% 13.61%

Northern Communities FCU has a net worth of 9.98% versus the BestCashCow average of 13.61. 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 Northern Communities

Branches and Savings

What is Northern Communities?

A federal credit union, registered with the NCUA under certificate #64655.
Learn more about credit unions here.

Is Northern Communities 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 Northern Communities?

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

What are Northern Communities's share account and share certificate rates?

Northern Communities'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 Northern Communities?

Northern Communities has total capital of $7.73 million. Full information on Northern Communities's financial position is located above.

Who owns Northern Communities?

Credit Unions are owned by their members.

Where are Northern Communities branches located?

See branch locations nearby.

Are Northern Communities ATMs Open 24/7?

Do Northern Communities ATMs accept cash deposits?

Can Northern Communities customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Northern Communities have a mobile app?

Does Northern Communities have mobile deposit?

Does Northern Communities have quick pay?

How can Northern Communities transfer money to other banks or credit unions?

Does Northern Communities report to credit bureaus?

Does Northern Communities use Chexsystems?

Does Northern Communities use Equifax?

What is Northern Communities's toll free phone number?

What is Northern Communities's ACH Routing Number?

What is Northern Communities's SWIFT code?

Where can I find Northern Communities's wire transfer form?

What is the Northern Communities address for deposits?

What Products Does Northern Communities Offer

Does Northern Communities offer mortgages?

Compare mortgage rates here.

Does Northern Communities offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northern Communities offer auto and RV loans?

Compare auto loan rates here.

Does Northern Communities offer student loans or personal loans?

Compare personal loan rates here.

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