Northern Valley Federal Credit Union is headquartered in Grand Forks and is the 30th largest credit union in the state of North Dakota. It is also the 4,187th largest credit union in the nation. It was established in 1936 and as of June of 2013, it had grown to 3 employees and 1,438 members. Northern Valley Federal Credit Union has a A+ health rating.
We are currently serving residents who live, work, worship, attend school, businesses and other legal entities located in Grand Forks County, ND and Polk County, MN. - See Details
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 June 30, 2013 Northern Valley Federal Credit Union had $18,000 in non-current loans and owned real-estate with $1.37 million in equity and loan loss allowances on hand to cover it. This gives Northern Valley Federal Credit Union a Texas Ratio of 1.31% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Northern Valley Federal Credit Union increased slightly from 0.00% as of June 30, 2012 to 1.31% as of June 30, 2013, resulting in a negative change of Infinity%. This indicates that the balance sheet and financial strength for Northern Valley Federal Credit Union has declined slightly in recent periods.
In the past year, Northern Valley Federal Credit Union has increased its total deposits by $736,000, resulting in 6.78% 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 Valley Federal 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. Northern Valley Federal Credit Union has $13.01 million in assets with $1.37 million in equity, resulting in a capitalization level of 10.53%, which is above average.
|Assets and Liabilities|
|Equity Capital||$1.36 million|
|Loan Loss Allowance||$10,000|
|Unbacked Noncurrent Loans||$18,000|
|Real Estate Owned||$0|
|Historic Data - June 2012|
|Equity Capital||$1.33 million|
|Loan Loss Allowance||$19,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||2.4%|
|Return on Assets||0.12%|
|Return on Equity||1.18%|
Always verify rates and promotions with the bank or credit union. We are not Northern Valley Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.10%||$100||-||Share Savings Account|
|0.00%||$100||-||Share Draft Checking Account|
|0.50%||$1k||-||24 Month CD|
|0.45%||$1k||-||18 Month CD|
|0.40%||$1k||-||12 Month CD|
|0.20%||$1k||-||6 Month CD|
|Northern Valley Federal Credit Union Locations|
|Branch Office||3030 Demers Ave||Grand Forks, ND 58201|