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Overview / Commentary
1200 S Columbia Rd
Grand Forks, ND 58201

Med Park Credit Union is headquartered in Grand Forks and is the 27th largest credit union in the state of North Dakota. It is also the 3,802nd largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 4 employees and 2,236 members. Med Park Credit Union has a B health rating.

Field of Membership Restrictions

Must be a doctor, medical staff, technician, medical or nursing student or an individual who work in the medical field in Grand Forks County, North Dakota or Polk County, Minnesota. - 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. Med Park 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 Med Park Credit Union had $1,000 in non-current loans and owned real-estate with $1.78 million in equity and loan loss allowances on hand to cover it. This gives Med Park Credit Union a Texas Ratio of 0.06% 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 Med Park Credit Union decreased dramatically from 0.93% as of March 31, 2013 to 0.06% as of March 31, 2014, resulting in a positive change of 93.96%.This indicates that the balance sheet and financial strength for Med Park Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Med Park Credit Union has increased its total deposits by $205,000, resulting in 1.42% 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 Med Park 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. Med Park Credit Union has $16.55 million in assets with $1.78 million in equity, resulting in a capitalization level of 10.75%, which is above average.

Institution Statistics

NCUA #62593
Year Chartered1965
Primary Regulator
Assets and Liabilities
Assets$16.55 million
Loans$8.25 million
Deposits$14.68 million
Equity Capital$1.74 million
Loan Loss Allowance$36,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Historic Data - March 2013
Assets$16.23 million
Equity Capital$1.68 million
Loan Loss Allowance$36,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.21%
Return on Assets0.75%
Return on Equity7.11%
Interest Income$107,000
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Med Park Credit Union Savings Account Rates

0.05%--Savings Account

Med Park Credit Union Checking Account Rates

0.05%$500-Checking Account

Med Park Credit Union CD Rates

0.25%--12 Month CD
0.10%--6 Month CD

Med Park Credit Union Locations
Branch Office1200 S Columbia RdGrand Forks, ND 58201