Minot Area Schools Credit Union
Minot Area Schools Credit Union is headquartered in Minot and is the 34th largest credit union in the state of North Dakota. It is also the 4,566th largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 2 employees and 1,674 members. Minot Area Schools Credit Union has a 5-star health rating.
Data for Q4 2011
Institution Statistics
| MINOT AREA SCHOOLS | | NCUA # | 8943 | | BankRate Report | View | | Year Chartered | 1953 | | Employees | 2 | | Primary Regulator | |
Assets and Liabilities | | Assets | $10.33 million | | Loans | $3.81 million | | Deposits | $9.54 million | | Equity Capital | $762,000 | | Loan Loss Allowance | $25,000 |
Historic Data - December 2010 | | Assets | $9.26 million | | Equity Capital | $799,000 | | Loan Loss Allowance | $25,000 | | Unbacked Noncurrent Loans | $22,000 |
Profit Margin - Quarterly | | Net Interest Margin | 3.67% | | Return on Assets | -0.36% | | Return on Equity | -4.86% | | Interest Income | $181,000 | | Non-Interest Income | $41,000 |
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Institution Health
Overall Score:
5 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Minot Area Schools Credit Union had $0 in non-current loans and owned real-estate with $787,000 in equity and loan loss allowances on hand to cover it. This gives Minot Area Schools Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, Minot Area Schools Credit Union has increased its total deposits by $1.11 million, resulting in 13.19% 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 Minot Area Schools Credit Union has shown is excellent. | | Capitalization |  | | 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. Minot Area Schools Credit Union has $10.33 million in assets with $787,000 in equity, resulting in a capitalization level of 7.62%, which is below average. |
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