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Northern Sts Pwr Company Emp Credit Union

Northern Sts Pwr Company Emp Credit Union
Overview / Commentary
701-795-5244
1206 5th Ave S
Grand Forks, ND 58201

Northern Sts Pwr Company Emp Credit Union is headquartered in Grand Forks and is the 37th largest credit union in the state of North Dakota. It is also the 6,058th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 128 members. Northern Sts Pwr Company Emp Credit Union has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Northern Sts Pwr Company Emp Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 Northern Sts Pwr Company Emp Credit Union had $0 in non-current loans and owned real-estate with $118,000 in equity and loan loss allowances on hand to cover it. This gives Northern Sts Pwr Company Emp 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

GRADE:
A+

In the past year, Northern Sts Pwr Company Emp Credit Union has increased its total deposits by $182,000, resulting in 15.22% 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 Sts Pwr Company Emp Credit Union has shown is excellent.

Capitalization

GRADE:
C-

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 Sts Pwr Company Emp Credit Union has $1.49 million in assets with $118,000 in equity, resulting in a capitalization level of 7.91%, which is below average.

Institution Statistics

Overall
NCUA #147
Year Chartered1935
Employees0
Primary Regulator
Assets and Liabilities
Assets$1.49 million
Loans$549,000
Deposits$1.38 million
Equity Capital$113,000
Loan Loss Allowance$5,000
Real Estate Owned$0
Historic Data - March 2013
Assets$1.31 million
Equity Capital$112,000
Loan Loss Allowance$5,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.69%
Return on Assets0%
Return on Equity0%
Interest Income$6,000
Rates

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Locations


Northern Sts Pwr Company Emp Credit Union Locations
Branch Office1206 5th Ave SGrand Forks, ND 58201