Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
711 N Washington St
Grand Forks, ND 58203

Riverfork Credit Union is headquartered in Grand Forks and is the 22nd largest credit union in the state of North Dakota. It is also the 3,340th largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 4 employees and 2,152 members. Riverfork Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee of the City of Grand Forks, Park District of Grand Forks, The County of Grand Forks or the State of North Dakota who work in the County of Grand Forks. Also open to employees of Aatrix Software Inc. or other select groups. - See Details

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


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Riverfork Credit Union has a low asset base.

Texas Ratio


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 Riverfork Credit Union had $218,000 in non-current loans and owned real-estate with $2.16 million in equity and loan loss allowances on hand to cover it. This gives Riverfork Credit Union a Texas Ratio of 10.09% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Riverfork Credit Union increased slightly from 1.36% as of March 31, 2013 to 10.09% as of March 31, 2014, resulting in a negative change of 642.37%. This indicates that the balance sheet and financial strength for Riverfork Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Riverfork Credit Union has increased its total deposits by $1.76 million, resulting in 9.1% 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 Riverfork 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. Riverfork Credit Union has $23.29 million in assets with $2.16 million in equity, resulting in a capitalization level of 9.28%, which is average.

Institution Statistics

NCUA #13067
Year Chartered1959
Primary Regulator
Assets and Liabilities
Assets$23.29 million
Loans$11.58 million
Deposits$21.08 million
Equity Capital$2.10 million
Loan Loss Allowance$63,000
Unbacked Noncurrent Loans$218,000
Real Estate Owned$0
Historic Data - March 2013
Assets$21.35 million
Equity Capital$1.93 million
Loan Loss Allowance$54,000
Unbacked Noncurrent Loans$218,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.62%
Return on Equity6.87%
Interest Income$140,000
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Riverfork Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Riverfork Credit Union Savings Account Rates

0.20%--Share Savings Account
0.20%--Christmas Club Account
0.20%--IRA Share Account

Riverfork Credit Union CD Rates

0.60%$500-24 Month Share Certificate
0.50%$500-18 Month Share Certificate
0.40%$500-12 Month Share Certificate
0.30%$500-6 Month Share Certificate

Riverfork Credit Union IRA Rates

0.60%--24 Month IRA
0.50%--18 Month IRA
0.40%--12 Month IRA
0.30%--6 Month IRA

Riverfork Credit Union Locations
Branch Office711 N Washington StGrand Forks, ND 58203