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Overview / Commentary
800-555-5889
212 5th Ave PO Box 248
Edgeley, ND 58433

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.

Field of Membership Restrictions

Must live within a 75 mile radius of the home office in Edgeley, ND. - 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. Dakota Plains CU (ND) has a relatively 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 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.

Texas Ratio Trend

GRADE:
A+

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.

Deposit Growth

GRADE:
A+

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.

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. 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.

Institution Statistics

Overall
NCUA #63613
Year Chartered1941
Employees17
Primary Regulator
Assets and Liabilities
Assets$62.89 million
Loans$49.35 million
Deposits$57.88 million
Equity Capital$4.74 million
Loan Loss Allowance$320,000
Unbacked Noncurrent Loans$63,000
Real Estate Owned$6,000
Historic Data - March 2013
Assets$58.29 million
Equity Capital$4.22 million
Loan Loss Allowance$160,000
Unbacked Noncurrent Loans$63,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.2%
Return on Assets0.9%
Return on Equity11.98%
Interest Income$619,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Dakota Plains CU (ND), we are a rate comparison website and can not provide official rates or promotions.

Dakota Plains CU (ND) Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

Dakota Plains CU (ND) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$50k-Money Market Savings Account

Dakota Plains CU (ND) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$601-Share Draft Checking Account

Dakota Plains CU (ND) CD Rates

DetailsAPYMINMAXPRODUCT
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

Dakota Plains CU (ND) IRA Rates

DetailsAPYMINMAXPRODUCT
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
Locations


Dakota Plains CU (ND) Locations
Branch Office201 4th Ave Ste 4Enderlin, ND 58027
Branch Office105 East Main StFort Ransom, ND 58033
Branch Office212 5th Ave PO Box 248Edgeley, ND 58433
Branch Office120 1st st NWEllendale, ND 58436
Branch Office118 Fowler StSheldon, ND 58068