Advertising Disclosure
  1. Banks
  2. Alerus Financial

Alerus Financial


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
www.alerus.com
701-795-3369
401 Demers Avenue
Grand Forks, ND 58201

Alerus Financial is headquartered in GRAND FORKS and is the 4th largest bank in the state of North Dakota. It is also the 328th largest bank in the nation. It was established in 1933 and as of September of 2024, it had grown to 757 employees at 15 locations. Alerus Financial has a B+ health rating.

Reviews

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



Health
B+

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #3931
Year Established1933
Employees757
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD8.52%
Annual Interest Income$154.3MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$4.07B$3.86B
LoansQ3 2024vs Q3 2023$3.01B$2.59B
DepositsQ3 2024vs Q3 2023$3.39B$2.94B
Equity CapitalQ3 2024vs Q3 2023$371.2MM$338.5MM
Loan Loss AllowanceQ3 2024vs Q3 2023$39.1MM$36.3MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$45.9MM$9MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Alerus Financial; we are a rate comparison website and cannot provide official rates or promotions.

Alerus Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.28%$1k-6 Month Flex CD
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.