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Overview / Commentary
2940 University Dr N
Fargo, ND 58102

Freedom Community Credit Union is headquartered in Fargo and is the 20th largest credit union in the state of North Dakota. It is also the 3,273rd largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 8 employees and 3,075 members. Freedom Community Credit Union has a C health rating.

Field of Membership Restrictions

Must live within a 75 mile radius of Fargo, 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. Freedom Community 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 Freedom Community Credit Union had $388,000 in non-current loans and owned real-estate with $2.33 million in equity and loan loss allowances on hand to cover it. This gives Freedom Community Credit Union a Texas Ratio of 16.69% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Freedom Community Credit Union increased slightly from 8.80% as of March 31, 2013 to 16.69% as of March 31, 2014, resulting in a negative change of 89.59%. This indicates that the balance sheet and financial strength for Freedom Community Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Freedom Community Credit Union has increased its total deposits by $585,000, resulting in 2.75% 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 Freedom Community Credit Union has shown is above 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. Freedom Community Credit Union has $24.27 million in assets with $2.33 million in equity, resulting in a capitalization level of 9.58%, which is above average.

Institution Statistics

NCUA #62722
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$24.27 million
Loans$13.87 million
Deposits$21.86 million
Equity Capital$2.22 million
Loan Loss Allowance$104,000
Unbacked Noncurrent Loans$388,000
Real Estate Owned$0
Historic Data - March 2013
Assets$23.74 million
Equity Capital$2.25 million
Loan Loss Allowance$78,000
Unbacked Noncurrent Loans$388,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.12%
Return on Assets-0.74%
Return on Equity-8.1%
Interest Income$176,000
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Freedom Community Credit Union Savings Account Rates

0.50%--IRA Savings
0.25%--Pee Wee Penguin
0.25%--Super Shares
0.15%--Regular Shares

Freedom Community Credit Union CD Rates

0.45%$5k-12 Month CD
0.25%$5k-6 Month CD

Freedom Community Credit Union Locations
Branch Office2940 University Dr NFargo, ND 58102