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Tolna Co Op Credit Union

Tolna Co Op Credit Union
Overview / Commentary
P.O. Box 8
Tolna, ND 58380

Tolna Co Op Credit Union is headquartered in Tolna and is the 38th largest credit union in the state of North Dakota. It is also the 6,123rd largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 227 members. Tolna Co Op 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. Tolna Co Op 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 Tolna Co Op Credit Union had $0 in non-current loans and owned real-estate with $234,000 in equity and loan loss allowances on hand to cover it. This gives Tolna Co Op 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:
F

In the past year, Tolna Co Op Credit Union has decreased its total deposits by $-577,000, resulting in -35.2% 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 Tolna Co Op Credit Union has shown is poor.

Capitalization

GRADE:
A+

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. Tolna Co Op Credit Union has $1.27 million in assets with $234,000 in equity, resulting in a capitalization level of 18.37%, which is excellent.

Institution Statistics

Overall
NCUA #3661
Year Chartered1940
Employees0
Primary Regulator
Assets and Liabilities
Assets$1.27 million
Loans$305,000
Deposits$1.06 million
Equity Capital$212,000
Loan Loss Allowance$22,000
Real Estate Owned$0
Historic Data - March 2013
Assets$1.85 million
Equity Capital$210,000
Loan Loss Allowance$21,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.89%
Return on Assets0%
Return on Equity0%
Interest Income$6,000
Rates

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Locations


Tolna Co Op Credit Union Locations
Branch Office200 N Main St #1Tolna, ND 58380