Dakota Plains CU (ND) is headquartered in Edgeley and is the 13st largest credit union in the state of North Dakota. It is also the 2,038th largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 17 employees and 3,953 members. Dakota Plains CU (ND)'s savings rates are 2X the national average, and it has a B+ health rating.
Must live within a 75 mile radius of the home office in Edgeley, ND. - See Details
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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 Dakota Plains CU (ND) had $69,000 in non-current loans and owned real-estate with $5.06 million in equity and loan loss allowances on hand to cover it. This gives Dakota Plains CU (ND) a Texas Ratio of 1.36% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Dakota Plains CU (ND) decreased dramatically from 2.94% as of March 31, 2013 to 1.36% as of March 31, 2014, resulting in a positive change of 53.70%.This indicates that the balance sheet and financial strength for Dakota Plains CU (ND) has improved dramatically in recent periods.
In the past year, Dakota Plains CU (ND) has increased its total deposits by $3.31 million, resulting in 6.07% 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 Dakota Plains CU (ND) 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. Dakota Plains CU (ND) has $62.89 million in assets with $5.06 million in equity, resulting in a capitalization level of 8.05%, which is average.
|Assets and Liabilities|
|Equity Capital||$4.74 million|
|Loan Loss Allowance||$320,000|
|Unbacked Noncurrent Loans||$63,000|
|Real Estate Owned||$6,000|
|Historic Data - March 2013|
|Equity Capital||$4.22 million|
|Loan Loss Allowance||$160,000|
|Unbacked Noncurrent Loans||$63,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.2%|
|Return on Assets||0.9%|
|Return on Equity||11.98%|
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|1.20%||$5k||-||IRA Shares Account|
|1.20%||$5k||-||Roth IRA Shares Account|
|1.20%||$5k||-||Educational IRA Shares Account|
|0.15%||$2,500||-||Regular Share Savings Account|
|0.40%||$50k||-||Money Market Savings Account|
|0.05%||$601||-||Share Draft Checking Account|
|1.11%||$10k||-||30 Month "Come Grow With Us" CD Special|
|0.80%||$25k||-||36 Month Share Certificate|
|0.75%||$25k||-||24 Month Share Certificate|
|0.70%||$25k||-||18 Month Share Certificate|
|0.65%||$25k||-||12 Month Share Certificate|
|0.50%||$25k||-||6 Month Share Certificate|
|0.30%||$50k||-||3 Month Share Certificate|
|0.80%||$25k||-||36 Month IRA Share Certificate|
|0.75%||$25k||-||24 Month IRA Share Certificate|
|0.70%||$25k||-||18 Month IRA Share Certificate|
|0.70%||$25k||-||12 Month Roth IRA Share Certificate|
|0.65%||$25k||-||12 Month IRA Share Certificate|
|0.50%||$25k||-||6 Month IRA Share Certificate|
|0.30%||$50k||-||3 Month IRA Share Certificate|
|Dakota Plains CU (ND) Locations|
|Branch Office||201 4th Ave Ste 4||Enderlin, ND 58027|
|Branch Office||105 East Main St||Fort Ransom, ND 58033|
|Branch Office||212 5th Ave PO Box 248||Edgeley, ND 58433|
|Branch Office||120 1st st NW||Ellendale, ND 58436|
|Branch Office||118 Fowler St||Sheldon, ND 58068|