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Overview / Commentary
2901 University Ave MS 8222 Memorial Union Rm 136
Grand Forks, ND 58202

University Credit Union (ND) is headquartered in Grand Forks and is the 18st largest credit union in the state of North Dakota. It is also the 3,045th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 7 employees and 3,789 members. University Credit Union (ND) has a B+ health rating.

Field of Membership Restrictions

Must be a faculty, staff or student of UND or be an employee of ND School for the Blind who work in Grand Forks. Also open to civilian and military employees of the US government and employees of the State of ND who work on UND's campus. - See Details

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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. University Credit Union (ND) 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 University Credit Union (ND) had $65,000 in non-current loans and owned real-estate with $2.28 million in equity and loan loss allowances on hand to cover it. This gives University Credit Union (ND) a Texas Ratio of 2.86% 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 University Credit Union (ND) experienced no significant changes from 2.72% as of March 31, 2013 to 2.86% as of March 31, 2014, resulting in a negative change of 5.17%. This indicates that the balance sheet and financial strength for University Credit Union (ND) has had no significant changes in recent periods.

Deposit Growth


In the past year, University Credit Union (ND) has increased its total deposits by $1.3 million, resulting in 5.26% 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 University Credit Union (ND) 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. University Credit Union (ND) has $28.36 million in assets with $2.28 million in equity, resulting in a capitalization level of 8.02%, which is average.

Institution Statistics

NCUA #1904
Year Chartered1937
Primary Regulator
Assets and Liabilities
Assets$28.36 million
Loans$13.96 million
Deposits$26.09 million
Equity Capital$2.21 million
Loan Loss Allowance$61,000
Unbacked Noncurrent Loans$65,000
Real Estate Owned$0
Historic Data - March 2013
Assets$26.94 million
Equity Capital$2.07 million
Loan Loss Allowance$69,000
Unbacked Noncurrent Loans$65,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.27%
Return on Assets0.51%
Return on Equity6.5%
Interest Income$201,000
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University Credit Union (ND) Savings Account Rates

0.10%$10k-Share Account

University Credit Union (ND) CD Rates

0.40%$1k-2 Year CD
0.30%$1k-1 Year CD
0.15%$1k-6 Month CD

University Credit Union (ND) Locations
Branch Office2901 University Ave MS 8222 Memorial Union Rm 136Grand Forks, ND 58202
Branch Office1575 17th Ave SGrand Forks, ND 58201