A credit union is a not-for-profit cooperative

A credit union is a not-for-profit cooperative financial institution owned by its members and focused on helping them succeed financially. A credit union is managed by a volunteer board of directors elected by members. Credit unions offer many of the same services as banks but profits are returned to members in the form of educational programs, low fees, and improved services. 


Why choose NAFCU?

Welcome to the Northland.  We are delighted to serve you, the people of Northeastern Michigan. After 65 years, we still follow the credit union philosophy - not for profit, not for charity, but for service.  With this simple principle as our guide, we have grown to a $620,000 credit union with over 50,000 members.


What is the difference between a credit union and a bank?


Credit Unions

  • Member service focused 
  • Member owned 
  • Run by a volunteer board members who are elected to manage the credit union in a way to help member suceed financially
  • Not-for-profit. Earning are returned to members in form of dividends, low cost services, affordable loan rates and more


  • Driven by profit
  • Owned by investors who expect certain returns on investments 
  • All voting privileges are held by investors 
  • Only shareholders recieve profits



As a member your $5 share makes you an owner of  the credit union. Ownership gives you a voice in how your money is invested. At Northland you are more than an account you're  a member of the family.