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City And County Employees CU (ND)

City And County Employees CU (ND)
Overview / Commentary
P.O. Box 2772
Fargo, ND 58108

City And County Employees CU (ND) is headquartered in Fargo and is the 29th largest credit union in the state of North Dakota. It is also the 4,126th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 4 employees and 1,522 members. City And County Employees CU (ND) has a B health rating.

Field of Membership Restrictions

Open to all employees of the cities of Fargo and West Fargo, Cass County, and the state of North Dakota. Family members of those employees are also welcome to join the credit union. - See Details

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. City And County Employees CU (ND) has a low asset base.

Texas Ratio

GRADE:
A+

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 City And County Employees CU (ND) had $56,000 in non-current loans and owned real-estate with $1.09 million in equity and loan loss allowances on hand to cover it. This gives City And County Employees CU (ND) a Texas Ratio of 5.14% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for City And County Employees CU (ND) experienced no significant changes from 4.38% as of March 31, 2013 to 5.14% as of March 31, 2014, resulting in a negative change of 17.47%. This indicates that the balance sheet and financial strength for City And County Employees CU (ND) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, City And County Employees CU (ND) has increased its total deposits by $589,000, resulting in 5.15% 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 City And County Employees CU (ND) has shown is excellent.

Capitalization

GRADE:
C

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. City And County Employees CU (ND) has $13.13 million in assets with $1.09 million in equity, resulting in a capitalization level of 8.30%, which is average.

Institution Statistics

Overall
NCUA #61390
Year Chartered1958
Employees4
Primary Regulator
Assets and Liabilities
Assets$13.13 million
Loans$5.80 million
Deposits$12.02 million
Equity Capital$1.03 million
Loan Loss Allowance$56,000
Unbacked Noncurrent Loans$56,000
Real Estate Owned$0
Historic Data - March 2013
Assets$12.47 million
Equity Capital$982,000
Loan Loss Allowance$46,000
Unbacked Noncurrent Loans$56,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.32%
Return on Assets0.4%
Return on Equity5.03%
Interest Income$87,000
Rates

Sorry, we do not have rate data for City And County Employees CU (ND)

Locations


City And County Employees CU (ND) Locations
Branch Office316 10th St NFargo, ND 58102-4315