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Overview / Commentary
2101 Elm St N
Fargo, ND 58102-2417

Fargo Va Credit Union is headquartered in Fargo and is the 33rd largest credit union in the state of North Dakota. It is also the 4,628th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 3 employees and 1,331 members. Fargo Va Credit Union has a B health rating.

Field of Membership Restrictions

Must be an employee of the Veterans Administration Medical and Regional Office Center who work in or is supervised from Fargo, North Dakota. Also open to members of Arthur W. Jones VFW Post No. 7564, Francis J. Beaton Disabled Veterans Chapter #1 and Roy Chandler VFW Post No. 762. - 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. Fargo Va Credit Union has a very 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 Fargo Va Credit Union had $1,000 in non-current loans and owned real-estate with $1.06 million in equity and loan loss allowances on hand to cover it. This gives Fargo Va Credit Union a Texas Ratio of 0.09% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Fargo Va Credit Union experienced no significant changes from 0.10% as of March 31, 2013 to 0.09% as of March 31, 2014, resulting in a positive change of 3.98%.This indicates that the balance sheet and financial strength for Fargo Va Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Fargo Va Credit Union has increased its total deposits by $256,000, resulting in 3.38% 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 Va Credit Union 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. Fargo Va Credit Union has $8.92 million in assets with $1.06 million in equity, resulting in a capitalization level of 11.84%, which is excellent.

Institution Statistics

NCUA #288
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$8.92 million
Loans$5.24 million
Deposits$7.84 million
Equity Capital$1.04 million
Loan Loss Allowance$17,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Historic Data - March 2013
Assets$8.59 million
Equity Capital$994,000
Loan Loss Allowance$20,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.19%
Return on Assets0.31%
Return on Equity2.69%
Interest Income$68,000

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Fargo Va Credit Union Savings Account Rates

0.35%$100-IRA Savings Account
0.35%$100-Roth IRA Savings Account
0.35%$100-Coverdell Education Savings Account
0.25%$15k-Primary Savings Account
0.25%$15k-Special Savings Account
0.15%$25-Christmas Club Account
0.15%$25-Vacation Club Account
0.15%$25-Loan Payment Account

Fargo Va Credit Union Money Market Rates

0.35%$25k-Money Market Account

Fargo Va Credit Union Checking Account Rates

0.15%$200-Dividend Checking Account

Fargo Va Credit Union CD Rates

0.20%$1k-12 Month Share Certificate
0.15%$1k-6 Month Share Certificate

Fargo Va Credit Union IRA Rates

0.20%$1k-12 Month IRA Certificate
0.15%$1k-6 Month IRA Certificate

Fargo Va Credit Union Locations
Branch Office2101 Elm St NFargo, ND 58102-2417