Credit union · NCUA insured
Northern Lights Community Federal Credit Union
A $12.6M credit union headquartered in Chatham, MI, with 1,288 members and 1 branch in Michigan. Best rates: CDs 2.50% and savings 0.10% APY.
Northern Lights Community Federal Credit Union Carrot Score
61
Carrot Score
Higher than 4% of U.S. banks and credit unions
#192 of 199 in MichiganHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Northern Lights Community Federal Credit Union
Organized on January 8, 1946, Northern Lights Community Federal Credit Union is based in Chatham, Michigan.
Serving people in the central Upper Peninsula, the credit union was formerly named Chatham Eben Coop FCU.
Originally established to pool community funds and offer low-rate loans, it operates as a member-owned financial institution.
- Headquarters
- PO Box 126, Chatham, MI 49816
- NCUA charter
- 5272
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship, or attend school in, and businesses and other legal entities located in Alger, Delta, or Marquette Counties are eligible for membership.
Employers and groups
- Employees of Northern Lights Community FCU are eligible for membership.
Other ways
- Organizations of persons eligible under the geographic field of membership are eligible to join.
Branches
1 branch in Michigan
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Michigan
1 branch
- Northern Lights Community FCUMain officePO Box 126, Chatham, MI 49816Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.75% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.67% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 2.16% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $29 | $59 | — |
- CapitalNet worth ratio9.75%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.67%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets2.16%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$29Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Northern Lights Community Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.