Northwood Credit Union

About Northwood Credit Union

Northwood Credit Union Location

30606 Woodward Ave
Royal Oak, MI 48073

Phone: (248) 549-3200
Website: www.northwoodcu.com-.org-.net
Routing/Transit Number: Not Available

Northwood Credit Union Information

Northwood Credit Union of Royal Oak, MI is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 4134 members and assets of $18,197,552, as compared to the national average of $93 million dollars of assets per credit union. Northwood Credit Union, first opened in 1939 and has been in operation since then. Additionally, Northwood Credit Union has 7 full time employees and 4 part time employees, or 375.818181818 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Northwood Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Northwood Credit Union is a not-for-profit, cooperative, tax-exempt organization.