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Overview / Commentary
701-597-3391
105 N Main St
Flasher, ND 58535-7201

Flasher Community Credit Union is headquartered in Flasher and is the 32nd largest credit union in the state of North Dakota. It is also the 4,575th largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 2 employees and 843 members. Flasher Community Credit Union's savings rates are 3X the national average, and it has a C+ health rating.

Field of Membership Restrictions

Must live within a 50 mile radius of Flasher, ND. - See Details

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Flasher Community 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 Flasher Community Credit Union had $58,000 in non-current loans and owned real-estate with $741,000 in equity and loan loss allowances on hand to cover it. This gives Flasher Community Credit Union a Texas Ratio of 7.83% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Flasher Community Credit Union increased slightly from 2.41% as of March 31, 2013 to 7.83% as of March 31, 2014, resulting in a negative change of 225.09%. This indicates that the balance sheet and financial strength for Flasher Community Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Flasher Community Credit Union has increased its total deposits by $841,000, resulting in 10.91% 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 Flasher Community Credit Union has shown is excellent.

Capitalization

GRADE:
C

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. Flasher Community Credit Union has $9.26 million in assets with $741,000 in equity, resulting in a capitalization level of 8.00%, which is average.

Institution Statistics

Overall
NCUA #64240
Year Chartered1939
Employees2
Primary Regulator
Assets and Liabilities
Assets$9.26 million
Loans$6.19 million
Deposits$8.55 million
Equity Capital$697,000
Loan Loss Allowance$44,000
Unbacked Noncurrent Loans$58,000
Real Estate Owned$0
Historic Data - March 2013
Assets$8.19 million
Equity Capital$585,000
Loan Loss Allowance$38,000
Unbacked Noncurrent Loans$58,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.91%
Return on Equity12.05%
Interest Income$94,000
Rates
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Flasher Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.60%--IRA Shares
0.60%--Super Shares
0.50%--Primary Shares
0.50%--Secondary Shares
0.50%--Christmas Club

Flasher Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft
0.00%--Golden Horizon

Flasher Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%-$10k36 Month CD
1.50%-$10k24 Month CD
1.25%-$10k18 Month CD
1.00%-$10k12 Month CD
0.75%-$10k6 Month CD
Locations


Flasher Community Credit Union Locations
Branch Office105 N Main StFlasher, ND 58535-7201