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Overview / Commentary
20 1st St N
New Rockford, ND 58356-2201

Community CU (ND) is headquartered in New Rockford and is the 6th largest credit union in the state of North Dakota. It is also the 1,051st largest credit union in the nation. It was established in 1942 and as of March of 2014, it had grown to 11 employees and 5,676 members. Community CU (ND) has a A+ health rating.

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Data for Q1 2014

Institution Health


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 Community CU (ND) had $197,000 in non-current loans and owned real-estate with $21.13 million in equity and loan loss allowances on hand to cover it. This gives Community CU (ND) a Texas Ratio of 0.93% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Community CU (ND) decreased dramatically from 1.66% as of March 31, 2013 to 0.93% as of March 31, 2014, resulting in a positive change of 43.81%.This indicates that the balance sheet and financial strength for Community CU (ND) has improved dramatically in recent periods.

Deposit Growth


In the past year, Community CU (ND) has increased its total deposits by $804,000, resulting in 0.54% 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 Community CU (ND) has shown is above 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. Community CU (ND) has $170.23 million in assets with $21.13 million in equity, resulting in a capitalization level of 12.41%, which is excellent.

Institution Statistics

NCUA #61336
Year Chartered1942
Primary Regulator
Assets and Liabilities
Assets$170.23 million
Loans$26.13 million
Deposits$149.70 million
Equity Capital$19.83 million
Loan Loss Allowance$1.30 million
Unbacked Noncurrent Loans$169,000
Real Estate Owned$28,000
Historic Data - March 2013
Assets$168.39 million
Equity Capital$18.95 million
Loan Loss Allowance$1.30 million
Unbacked Noncurrent Loans$169,000
Real Estate Owned$88,000
Profit Margin - Quarterly
Return on Assets0.55%
Return on Equity4.72%
Interest Income$714,000

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Community CU (ND) Locations
Branch Office115 11th Ave NCarrington, ND 58421-1124
Branch Office86 Main Ave SFessenden, ND 58438-7100
Branch Office20 1st St NNew Rockford, ND 58356-2201