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Overview / Commentary
701-235-1359
657 2nd Ave N # 351
Fargo, ND 58102-4727

F.F.E. Credit Union is headquartered in Fargo and is the 34th largest credit union in the state of North Dakota. It is also the 5,332nd largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 577 members. F.F.E. Credit Union has a B health rating.

Field of Membership Restrictions

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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. F.F.E. Credit Union has a very 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 F.F.E. Credit Union had $9,000 in non-current loans and owned real-estate with $503,000 in equity and loan loss allowances on hand to cover it. This gives F.F.E. Credit Union a Texas Ratio of 1.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A+

In the past year, F.F.E. Credit Union has increased its total deposits by $417,000, resulting in 10.93% 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 F.F.E. Credit Union has shown is excellent.

Capitalization

GRADE:
B+

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. F.F.E. Credit Union has $4.72 million in assets with $503,000 in equity, resulting in a capitalization level of 10.67%, which is above average.

Institution Statistics

Overall
NCUA #9102
Year Chartered1954
Employees0
Primary Regulator
Assets and Liabilities
Assets$4.72 million
Loans$1.46 million
Deposits$4.23 million
Equity Capital$485,000
Loan Loss Allowance$18,000
Unbacked Noncurrent Loans$9,000
Real Estate Owned$0
Historic Data - March 2013
Assets$4.29 million
Equity Capital$471,000
Loan Loss Allowance$18,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.21%
Return on Assets0.59%
Return on Equity5.77%
Interest Income$29,000
Rates
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F.F.E. Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--Regular Share

F.F.E. Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.65%--24 Month CD
Locations


F.F.E. Credit Union Locations
Branch Office657 2nd Ave N # 351Fargo, ND 58102-4727