First Northern Credit Union Chicago IL | Low Mortgage Rates & Auto Loans

Introduction

At First Northern, we believe that strong communities are built on trust and support. Nestled in the heart of Chicago at 230 W Monroe St, Chicago, IL 60606, our branch has been serving our members since 1944. With a commitment to helping over 22,000 members, we pride ourselves on providing personalized financial solutions tailored to meet your needs. As of now, our total assets stand at an impressive $329,687,679, reflecting our solid foundation and reliability in the financial sector. Our dedicated team of 73 employees is led by CEO Edward Berg and Board President Gerald Partch, who strive daily to ensure your banking experience is smooth and beneficial. We offer a wide range of services including personal banking, auto loans, mortgage options, and business banking solutions. While members can visit us at our physical location for friendly service and expert advice, any official correspondence should be sent to our mailing address: 230 W Monroe St, Suite 2850, Chicago, IL 60606. We are proud to maintain robust financial health with total deposits amounting to $17,318,331 and a net worth of $32,044,358. Our members benefit from various loan options with a total of 11,762 loans and leases, ensuring you have access to the funds you need when you need them. At First Northern Credit Union, we not only focus on numbers but also on making a positive impact within our community. We encourage you to reach out to us at 312-332-6357 or visit our website at fncu.org for more information. Join us in building a brighter financial future together!

Branch History & Mission

Commitment to Accessibility

First Northern is committed to ensuring that all members can access our services easily. We take pride in being ADA compliant and provide shared service centers for those who may need extra assistance. Our operating hours are designed with convenience in mind: Monday, Tuesday, Thursday, and Friday from 8:00 AM to 4:30 PM; Wednesday from 9:30 AM to 4:30 PM.

Community Engagement

We recognize that partnerships are key to success. That's why we actively engage with local organizations and participate in community outreach programs. By working together with others who share our vision of support and empowerment, we strengthen the bonds within our community. In closing, we invite you to join First Northern. Experience firsthand how we prioritize your financial health while contributing positively to the community around us. Whether you're looking for personal banking solutions or business support, we're here for you every step of the way. Connect with us today at our website or call us at (312) 332-6357. Together, let's build a brighter financial future!

Our Mission

The mission of First Northern is clear: we aim to empower our members by offering a range of financial products and services that meet their unique needs. We believe in providing more than just banking solutions; we strive to foster financial wellness within our community. By supporting local initiatives and partnering with organizations that share our values, we work hard to give back and make a positive impact. Our services include personal banking options like checking and savings accounts, auto loans, mortgages, and credit cards with rewards. We also cater to businesses through merchant services and business loans. With digital advancements such as online banking and mobile applications, managing finances has become easier for everyone.

Branch Location & Accessibility

Accessibility Features

At First Northern, we prioritize accessibility for all members. Our branch is equipped with features that comply with ADA standards, including ramps and spacious entrances to ensure everyone can comfortably access our services. We also offer ample parking options nearby, making your visit as hassle-free as possible.

Get in Touch

Ready to experience personalized banking? Visit us today or give us a call at 312-332-6357. At First Northern Credit Union, we are dedicated to helping you achieve your financial goals!

Operating Hours

We understand that your time is valuable. That's why we're open during convenient hours: Monday, Tuesday, Thursday, and Friday from 8:00 AM to 4:30 PM, and on Wednesday from 9:30 AM to 4:30 PM. This flexibility allows you to stop by when it suits your schedule best.

Services Offered

At First Northern Credit Union, we provide a wide range of services designed to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and credit cards with rewards, we've got you covered. Additionally, our shared service center allows members from partner credit unions to perform basic transactions such as deposits and withdrawals. Although we do not have ATMs or drive-thru services at this location, our friendly staff is always available to assist you inside the branch.

Member Eligibility

At First Northern, we believe that joining our community should feel like stepping into a welcoming family where your financial well-being is our top priority. To become a member, you need to meet some simple eligibility requirements. If you live, work, or worship in the area around us, you're likely already eligible! We also welcome family members of existing members. This means you can share the benefits and services we offer, like personalized banking solutions and competitive loan rates. If you want to learn more about the specifics of eligibility, feel free to visit us at http://www.fncu.org/about/membership. Opening an account with us is straightforward and hassle-free! You can start the process online by visiting https://fncu.cbzsecure.com/auth/new-user. Should you have any questions or need assistance along the way, don't hesitate to give us a call at (312) 332-6357. We're here to help you every step of the way as you join our vibrant community at First Northern, located at 230 W Monroe St Chicago Il 60606.

Business Banking & Commercial Services

Merchant Services That Matter

In addition to loans, our merchant services make it easy for businesses to accept payments seamlessly. Imagine running your shop and being able to process transactions quickly, whether customers pay by card or mobile app. Our services simplify everyday tasks, allowing you to focus on what you do best growing your business. Located at 230 W Monroe St Chicago Il 60606, Chicago, IL 60,606, we're here to help you navigate the financial landscape of entrepreneurship. Reach out today at (312) 332-6357 or visit us online at https://www.fncu.org/ to learn more about how we can assist your business journey!

Tailored Loan Solutions

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about purchasing a new vehicle? Our competitive auto loans make it easy for you to get behind the wheel. We offer flexible financing options tailored to fit your budget, allowing you to drive away with confidence. With a quick application process and fast approvals, you'll be hitting the road in no time.

Business Banking

For our business members, we offer comprehensive banking solutions including merchant services and business loans. Whether you're just starting out or looking to expand, we have the tools and resources to support your success.

Credit Cards with Rewards

Get more out of your everyday purchases with our credit cards that offer rewards. Whether it's cash back or travel points, our credit card options provide benefits that fit your lifestyle. Plus, they come with competitive interest rates and no hidden fees.

Digital Banking Features

In today's fast-paced world, convenience is key. That's why we provide robust online and mobile banking options. You can manage your accounts anytime, anywhere whether it's transferring funds or checking balances. Additionally, our ATM services ensure easy access to cash when you need it.

Mortgage Loans & Refinancing

If homeownership is on your horizon, our mortgage loans can help turn that dream into reality. We provide various loan options to suit different needs, whether you're buying your first home or looking to refinance an existing mortgage. Our experienced advisors will guide you through the process, ensuring you understand each step along the way.

Personal Banking

Whether you're opening a new checking or savings account, our personal banking services are designed with you in mind. With user-friendly options for managing your funds, you can effortlessly track your spending and save for future endeavors. Our team is here to assist you every step of the way, ensuring that your banking experience is smooth and enjoyable.

Personal Loans & Debt Consolidation

Managing debt can be overwhelming, but at First Northern, we offer personal loans designed for debt consolidation. This allows you to simplify your payments and potentially lower your interest rates. Our team will work with you to find the best solution for your situation.

Shared Branch Transactions

As part of our commitment to accessibility, we also participate in shared branching. This means that if you're a member of partner credit unions, you can make basic transactions such as deposits and withdrawals right here at First Northern. We invite you to visit us at 230 W Monroe St Chicago Il 60606 or give us a call at (312) 332-6357 for more information about any of our services. At First Northern, we're here to support all your financial needs! Discover how we can help by exploring our website at 01 - Monroe today!

Digital & Online Banking

E-Statements and Person-to-Person Transfers

Say goodbye to paper clutter with our e-statements feature! You'll receive your monthly statements electronically, making it easier to keep track of your finances while also being environmentally friendly. Plus, with our person-to-person transfer option, sending money to friends or family is quick and simple no need for cash or checks!

Mobile Application

For those who prefer banking on-the-go, our user-friendly mobile application provides easy access to all your account needs right from your smartphone. You can download the app and start managing your finances in real-time, keeping you in control wherever life takes you.

Online Banking Services

With our 24/7 online banking service available at https://www.fncu.org/, you can manage your accounts from anywhere, at any time. Whether you're checking balances, transferring funds, or reviewing transactions, everything is just a few clicks away.

Security and Accessibility

While we focus on ease-of-use, we also prioritize your security. Your financial information is protected with the latest encryption technology, ensuring that your data remains safe as you bank online. Even without electronic signature authorization, our system keeps your transactions secure. At First Northern, we are committed to providing an accessible and user-friendly online banking experience that fits into your lifestyle. Join us today and discover how easy it is to stay on top of your finances!

Financial Strength

At First Northern, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share our financial strength, which reflects our commitment to serving you with reliability and trust. With a net worth of $32,044,358, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $972 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $24,896,265 in share certificates and $27,981,573 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $28,112,711 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors, highlighted by $3,984 in used auto loans and $219,325,461 in total loans and leases. Our commitment to operational efficiency is reflected in our $3,258,069, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 72 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $5,443,999. Total Share and Deposit Accounts: 35,738, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, First Northern is your trusted partner. Visit us at 230 W Monroe St Chicago Il 60606 or call (312) 332-6357 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We have already issued over $66,150,178 in used vehicle loans and $14,485,962 in new vehicle loans, helping members get on the road with confidence.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We provide Junior Lien 1-4 Family Residential Properties loans totaling $35,736,886, making it easier for you to secure a place you can call home.

Other Loan Products

In addition to these offerings, we also provide total credit lines amounting to $65,093,379. Whether you're planning a large purchase or need funds for unexpected expenses, our credit lines can give you the flexibility you need. If you're interested in refinancing your existing loans or checking eligibility options for any of our products, feel free to reach out. Our team is here to assist you at every step of the way. For any inquiries or to explore your options further, contact us at 312-332-6357 or visit us at our branch located at 230 W Monroe St Chicago IL 60606. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step toward financial success!

Unsecured Credit Card Loans

Managing everyday expenses can be challenging. That's why we offer flexible terms on unsecured credit card loans, with a total of $14,696,900 in loans helping members manage their finances effectively.

Loan Aggregator

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First Northern