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Overview / Commentary
701-241-4770
415 4th St N
Fargo, ND 58102

Fargo Public Schools Credit Union is headquartered in Fargo and is the 17st largest credit union in the state of North Dakota. It is also the 2,936th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 8 employees and 2,553 members. Fargo Public Schools Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee or retiree of Fargo Public School or the Board of Education. - 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. Fargo Public Schools Credit Union has a 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 Fargo Public Schools Credit Union had $1,000 in non-current loans and owned real-estate with $4.43 million in equity and loan loss allowances on hand to cover it. This gives Fargo Public Schools Credit Union a Texas Ratio of 0.02% 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 Fargo Public Schools Credit Union decreased dramatically from 0.35% as of March 31, 2013 to 0.02% as of March 31, 2014, resulting in a positive change of 93.51%.This indicates that the balance sheet and financial strength for Fargo Public Schools Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Fargo Public Schools Credit Union has increased its total deposits by $1.44 million, resulting in 5.79% 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 Fargo Public Schools Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Fargo Public Schools Credit Union has $30.85 million in assets with $4.43 million in equity, resulting in a capitalization level of 14.35%, which is excellent.

Institution Statistics

Overall
NCUA #47
Year Chartered1934
Employees8
Primary Regulator
Assets and Liabilities
Assets$30.85 million
Loans$16.44 million
Deposits$26.24 million
Equity Capital$4.38 million
Loan Loss Allowance$47,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Historic Data - March 2013
Assets$29.31 million
Equity Capital$4.28 million
Loan Loss Allowance$34,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.32%
Return on Equity2.28%
Interest Income$203,000
Rates
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Fargo Public Schools Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--Roth IRA Savings Account
1.00%--Traditional IRA Savings Account
1.00%--Coverdell ESA
0.20%--Holiday Club Savings Account
0.20%--Hunting Club Savings Account
0.20%--Vacation Club Savings Account
0.05%$50-Share Savings Account

Fargo Public Schools Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Money Market Savings Account

Fargo Public Schools Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.95%$25k-36 Month Share Certificate
0.80%$25k-30 Month Share Certificate
0.60%$25k-24 Month Share Certificate
0.50%$25k-18 Month Share Certificate
0.40%$25k-12 Month Share Certificate
0.30%$25k-6 Month Share Certificate
0.20%$25k-3 Month Share Certificate

Fargo Public Schools Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.95%$25k-36 Month IRA Certificate
0.80%$25k-30 Month IRA Certificate
0.60%$25k-24 Month IRA Certificate
0.50%$25k-18 Month IRA Certificate
0.40%$25k-12 Month IRA Certificate
0.30%$25k-6 Month IRA Certificate
0.20%$25k-3 Month IRA Certificate
Locations


Fargo Public Schools Credit Union Locations
Branch Office1609 32nd Ave SFargo, ND 58103
Branch Office415 4th St NFargo, ND 58102