Northern Communities Credit Union

Northern Communities Credit Union is headquartered in Duluth and is the 44^th largest credit union in the state of Minnesota. It is also the 1,841^st largest credit union in the nation. It was established in 1928 and as of December of 2011, it had grown to 33 employees and 7,915 members. Northern Communities Credit Union has a 4-star health rating.

Northern Communities Credit Union Savings Account Rates

Northern Communities Credit Union Money Market Rates

Northern Communities Credit Union CD Rates

Northern Communities Credit Union IRA Rates

Data for Q4 2011

Institution Statistics NORTHERN COMMUNITIES NCUA # 64655 BankRate Report View Year Chartered 1928 Employees 33 Primary Regulator Assets and Liabilities Assets $68.43 million Loans $39.71 million Deposits $62.29 million Equity Capital $5.66 million Loan Loss Allowance $343,000 Unbacked Noncurrent Loans $687,000 Real Estate Owned $135,000 Historic Data - December 2010 Assets $68.55 million Equity Capital $5.55 million Loan Loss Allowance $562,000 Unbacked Noncurrent Loans $1.03 million Real Estate Owned $156,000 Profit Margin - Quarterly Net Interest Margin 6.8% Return on Assets 0.15% Return on Equity 1.84% Interest Income $2.96 million Non-Interest Income $1.14 million

Institution Health Overall Score: 4 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 Northern Communities Credit Union had $822,000 in non-current loans and owned real-estate with $6 million in equity and loan loss allowances on hand to cover it. This gives Northern Communities Credit Union a Texas Ratio of 13.70% 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 Northern Communities Credit Union decreased slightly from 19.42% as of December 31, 2010 to 13.70% as of December 31, 2011, resulting in a positive change of 29.46%.This indicates that the balance sheet and financial strength for Northern Communities Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Northern Communities Credit Union has decreased its total deposits by $-334,000, resulting in -0.53% 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 Northern Communities Credit Union has shown is average. 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. Northern Communities Credit Union has $68.43 million in assets with $6 million in equity, resulting in a capitalization level of 8.77%, which is average.

No reviews have been left for this bank yet. Be the first to review.