Northwest Community Credit Union has enlarged its field of membership.
The $55 million-asset institution said on Friday it can now accept new members who live or work in Lake, Will and suburban Cook Counties in Illinois.
“These new counties, along with our existing parishes, select employee groups, the St. Xavier University community and Special Olympics are a huge change from our roots, as the credit union for Immaculate Conception Parish, 80 years ago,” Northwest Community CU President and CEO Jose Garcia said in a statement.
The expansion marks the first such move by the credit union in 25 years.
Based in Morton Grove, Ill., the privately insured Northwest Community CU posted net income of $64,007 through the first nine months of 2018. In 2017, the credit union incurred a net loss of $81,512.
Between Dec. 31, 2017 and Sept. 30, 2018, the credit union’s membership fell from 2,851 to 2,757.
