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Overview / Commentary
1400 S Broadway
Minot, ND 58701

Ascentia Credit Union is headquartered in Minot and is the 30th largest credit union in the state of North Dakota. It is also the 4,259th largest credit union in the nation. It was established in 1966 and as of March of 2014, it had grown to 6 employees and 1,472 members. Ascentia Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee, member, volunteer or student of the following: Trinity Health; Edgewood Vista in Minot, ND; ManorCare Health Services in Minot, ND; Edgewood Vista Resident Association in Minot, ND or The View Condominiums Owner's Association. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Ascentia Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Ascentia Credit Union had $0 in non-current loans and owned real-estate with $1.4 million in equity and loan loss allowances on hand to cover it. This gives Ascentia Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, Ascentia Credit Union has decreased its total deposits by -$1.15 million, resulting in -9.68% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Ascentia Credit Union has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Ascentia Credit Union has $12.02 million in assets with $1.4 million in equity, resulting in a capitalization level of 11.65%, which is excellent.

Institution Statistics

NCUA #17222
Year Chartered1966
Primary Regulator
Assets and Liabilities
Assets$12.03 million
Loans$7.54 million
Deposits$10.70 million
Equity Capital$1.31 million
Loan Loss Allowance$89,000
Real Estate Owned$0
Historic Data - March 2013
Assets$13.17 million
Equity Capital$1.27 million
Loan Loss Allowance$145,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.39%
Return on Assets0.96%
Return on Equity8.84%
Interest Income$111,000

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Ascentia Credit Union Locations
Branch Office1400 S BroadwayMinot, ND 58701