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Overview / Commentary
2401 N Broadway
MINOT, ND 58703

G.E.M. Credit Union is headquartered in MINOT and is the 21st largest credit union in the state of North Dakota. It is also the 3,291st largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 6 employees and 2,136 members. G.E.M. Credit Union has a B health rating.

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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. G.E.M. 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 G.E.M. Credit Union had $2,000 in non-current loans and owned real-estate with $1.77 million in equity and loan loss allowances on hand to cover it. This gives G.E.M. Credit Union a Texas Ratio of 0.11% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, G.E.M. Credit Union has increased its total deposits by $779,000, resulting in 3.63% 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 G.E.M. 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. G.E.M. Credit Union has $24.08 million in assets with $1.77 million in equity, resulting in a capitalization level of 7.37%, which is below average.

Institution Statistics

NCUA #3660
Year Chartered1940
Primary Regulator
Assets and Liabilities
Assets$24.08 million
Loans$10.65 million
Deposits$22.27 million
Equity Capital$1.72 million
Loan Loss Allowance$50,000
Unbacked Noncurrent Loans$2,000
Real Estate Owned$0
Historic Data - March 2013
Assets$23.25 million
Equity Capital$1.71 million
Loan Loss Allowance$50,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.98%
Return on Assets0.05%
Return on Equity0.7%
Interest Income$132,000

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G.E.M. Credit Union Locations
Branch Office2401 N BroadwayMINOT, ND 58703