Citizens Community Credit Union is headquartered in Devils Lake and is the 8th largest credit union in the state of North Dakota. It is also the 1,145th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 43 employees and 9,823 members. Citizens Community Credit Union's savings rates are 54% higher than the national average, and it boasts a A+ health rating.
Must live in Devils Lake, Bisbee, Fort Totten, Lakota, Larimore, Northwood or Grand Forks. - See Details
No reviews have been left for this bank yet. Be the first to review.
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 Citizens Community Credit Union had $470,000 in non-current loans and owned real-estate with $18.64 million in equity and loan loss allowances on hand to cover it. This gives Citizens Community Credit Union a Texas Ratio of 2.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Citizens Community Credit Union experienced no significant changes from 2.33% as of March 31, 2013 to 2.52% as of March 31, 2014, resulting in a negative change of 8.33%. This indicates that the balance sheet and financial strength for Citizens Community Credit Union has had no significant changes in recent periods.
In the past year, Citizens Community Credit Union has increased its total deposits by $10.38 million, resulting in 8.51% 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 Citizens Community Credit Union has shown is excellent.
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. Citizens Community Credit Union has $151.5 million in assets with $18.64 million in equity, resulting in a capitalization level of 12.30%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$17.67 million|
|Loan Loss Allowance||$976,000|
|Unbacked Noncurrent Loans||$313,000|
|Real Estate Owned||$157,000|
|Historic Data - March 2013|
|Equity Capital||$15.57 million|
|Loan Loss Allowance||$1.06 million|
|Unbacked Noncurrent Loans||$313,000|
|Real Estate Owned||$109,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.06%|
|Return on Assets||1.4%|
|Return on Equity||11.98%|
|Interest Income||$1.52 million|
Always verify rates and promotions with the bank or credit union. We are not Citizens Community Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.80%||$50k||-||IRA Savings Account|
|0.80%||$50k||-||Roth IRA Savings Account|
|0.75%||-||$20k||Kasasa Saver - Qualifying|
|0.01%||-||-||Kasasa Saver - Non Qualifying|
|0.40%||$100k||-||Money Market Savings|
|2.00%||-||$10k||Kasasa Cash - Qualifying|
|0.01%||-||-||Kasasa Cash - Non Qualifying|
|1.50%||$500||-||4 Year TLT CD|
|1.45%||$1k||-||5 Year CD|
|1.10%||$1k||-||4 Year CD|
|0.85%||$1k||-||3 Year CD|
|0.70%||$1k||-||30 Month CD|
|0.60%||$1k||-||2 Year CD|
|0.60%||$100||-||1 Year TLT CD|
|0.45%||$1k||-||18 Month CD|
|0.35%||$1k||-||1 Year CD|
|0.15%||$1k||-||6 Month CD|
|0.10%||$1k||-||3 Month CD|
|1.20%||$5k||-||3 Year IRA|
|0.70%||$5k||-||1 Year IRA|
|Citizens Community Credit Union Locations|
|Branch Office||2551 32nd Ave S Ste B||Grand Forks, ND 58201|
|Branch Office||217 Towner Ave||Larimore, ND 58251|
|Branch Office||1925 13th Ave N||Grand Forks, ND 58203|
|Branch Office||231 Foussard Ave SW||St John, ND 58369|
|Branch Office||513 Washington Ave||Northwood, ND 58267|
|Branch Office||1215 N 42nd St||Grand Forks, ND 58203|
|Branch Office||204 Main St||Bisbee, ND 58317|
|Branch Office||1117 Highway 2 E||Devils Lake, ND 58301|
|Branch Office||201 N Main St||Lakota, ND 58344|