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Overview / Commentary
120 Spruce St
Kindred, ND 58051

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.

Field of Membership Restrictions

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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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Elm River Credit Union has a low asset base.

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 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.

Deposit Growth


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.

Institution Statistics

NCUA #64444
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$22.38 million
Loans$17.23 million
Deposits$19.52 million
Equity Capital$2.76 million
Loan Loss Allowance$85,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Historic Data - March 2013
Assets$24.04 million
Equity Capital$2.46 million
Loan Loss Allowance$76,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.15%
Return on Assets1.48%
Return on Equity12.01%
Interest Income$215,000
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Elm River Credit Union Savings Account Rates

1.00%--IRA Savings
0.20%--Christmas Club
0.15%--Daily Deposit
0.10%--Share Savings

Elm River Credit Union Money Market Rates

0.30%$50k-Money Market

Elm River Credit Union CD Rates

0.80%$1k-24 Month CD
0.50%$1k-12 Month CD
0.30%$1k-6 Month CD

Elm River Credit Union Locations
Branch OfficeElm River Credit Union 115 Morton AvePage, ND 58064-0033
Branch OfficeElm River Credit Union 120 Spruce StKindred, ND 58051