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Overview / Commentary
800-522-6611
1828 Moreau Dr
Notre Dame, IN 46556

Notre Dame Credit Union is headquartered in Notre Dame and is the 14st largest credit union in the state of Indiana. It is also the 474th largest credit union in the nation. It was established in 1983 and as of March of 2014, it had grown to 142 employees and 58,260 members. Notre Dame Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of one of the select employee groups. - See Details

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Health

Data for Q1 2014

Institution Health

B+

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 Notre Dame Credit Union had $3.72 million in non-current loans and owned real-estate with $34.5 million in equity and loan loss allowances on hand to cover it. This gives Notre Dame Credit Union a Texas Ratio of 10.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Notre Dame Credit Union experienced no significant changes from 7.35% as of March 31, 2013 to 10.78% as of March 31, 2014, resulting in a negative change of 46.77%. This indicates that the balance sheet and financial strength for Notre Dame Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Notre Dame Credit Union has increased its total deposits by $37.44 million, resulting in 9.49% 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 Notre Dame 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. Notre Dame Credit Union has $479.36 million in assets with $34.5 million in equity, resulting in a capitalization level of 7.20%, which is below average.

Institution Statistics

Overall
NCUA #24034
Year Chartered1983
Employees142
Primary Regulator
Assets and Liabilities
Assets$479.36 million
Loans$381.04 million
Deposits$432.01 million
Equity Capital$31.93 million
Loan Loss Allowance$2.58 million
Unbacked Noncurrent Loans$3.59 million
Real Estate Owned$133,000
Historic Data - March 2013
Assets$444.10 million
Equity Capital$32.36 million
Loan Loss Allowance$1.97 million
Unbacked Noncurrent Loans$3.59 million
Real Estate Owned$106,000
Profit Margin - Quarterly
Net Interest Margin0.94%
Return on Assets0.2%
Return on Equity2.97%
Interest Income$4.31 million
Rates

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Notre Dame Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$15k-IRA Savings
0.10%$15k-Roth IRA Savings
0.05%$300-Share Savings
0.05%--Christmas Club Savings
0.05%$300-Business Share Savings

Notre Dame Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$50k-Money Market
0.10%$15k-Members Choice Money Fund
0.10%$50k-Business Money Market
0.10%$15k-Business Members Choice Money Fund

Notre Dame Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100k-Premier Checking
0.10%$100k-Business Plus Share Draft Checking
0.10%$100k-Non-Profit Business Share Draft Checking

Notre Dame Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-120 Month CD
2.00%$500-Business 120 Month CD
1.65%$500-84 Month CD
1.65%$500-Business 84 Month CD
1.40%$500-60 - 71 Month CD
1.40%$500-Business 60 - 71 Month CD
1.00%$500-48 - 59 Month CD
1.00%$500-Business 48 - 59 Month CD
0.60%$500-36 - 47 Month CD
0.60%$500-Business 36 - 47 Month CD
0.40%$500-30 - 35 Month CD
0.40%$500-Business 30 - 35 Month CD
0.25%$500-24 - 29 Month CD
0.25%$500-Business 24 - 29 Month CD
0.20%$500-18 - 23 Month CD
0.20%$500-Business 18 - 23 Month CD
0.15%$500-12 - 17 Month CD
0.15%$500-15 Month Tax Deferred CD
0.15%$500-Business 12 - 17 Month CD
0.10%$500-6 - 11 Month CD
0.10%$500-Business 6 - 11 Month CD
0.05%$500-3 - 5 Month CD
0.05%$500-1 - 2 Month CD
0.05%$500-Business 1 - 2 Month CD
0.05%$500-Business 3 - 5 Month CD

Notre Dame Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-120 Month IRA
1.65%$500-84 Month IRA CD
1.40%$500-60 - 71 Month IRA CD
1.00%$500-48 - 59 Month IRA CD
0.60%$500-36 - 47 Month IRA CD
0.40%$500-30 - 35 Month IRA CD
0.25%$500-24 - 29 Month IRA CD
0.20%$500-18 - 23 Month IRA CD
0.15%$500-12 - 17 Month IRA CD
0.15%$500-15 Month Tax Deferred IRA CD
0.10%$500-6 - 11 Month IRA CD
0.05%$500-1 - 2 Month IRA CD
0.05%$500-3 - 5 Month IRA CD
Locations

Notre Dame Credit Union has 12 locations. Click to view all Notre Dame Credit Union locations.