Elm River Credit Union is headquartered in Kindred and is the 23rd largest credit union in the state of North Dakota. It is also the 3,383rd largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 6 employees and 1,602 members. Elm River Credit Union's savings rates are 92% higher than the national average, and it has a B health rating.
Our field of membership used to be limited to those who lived in a few specific townships. Today, we have a 75 miles radius of Page, ND. This includes the cities of Fargo, Grand Forks, Wahpeton, Valley City and Jamestown, 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 Elm River Credit Union had $1,000 in non-current loans and owned real-estate with $2.85 million in equity and loan loss allowances on hand to cover it. This gives Elm River Credit Union a Texas Ratio of 0.04% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Elm River Credit Union has decreased its total deposits by -$2.01 million, resulting in -9.34% 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 Elm River Credit Union has shown is below 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. Elm River Credit Union has $22.38 million in assets with $2.85 million in equity, resulting in a capitalization level of 12.73%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$2.76 million|
|Loan Loss Allowance||$85,000|
|Unbacked Noncurrent Loans||$1,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$2.46 million|
|Loan Loss Allowance||$76,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.15%|
|Return on Assets||1.48%|
|Return on Equity||12.01%|
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|0.80%||$1k||-||24 Month CD|
|0.50%||$1k||-||12 Month CD|
|0.30%||$1k||-||6 Month CD|
|Elm River Credit Union Locations|
|Branch Office||Elm River Credit Union 115 Morton Ave||Page, ND 58064-0033|
|Branch Office||Elm River Credit Union 120 Spruce St||Kindred, ND 58051|