Overview / Commentary
Diversified Credit Union is headquartered in Minneapolis and is the 61st largest credit union in the state of Minnesota. It is also the 2,631st largest credit union in the nation. It was established in 1930 and as of September of 2020, it had grown to 9 employees and 3,006 members at 3 locations. Diversified Credit Union has a B health rating.
Field of Membership Restrictions
Diversified Credit Union of Minnesota is open to individuals who live, work, worship, volunteer, or attend school in Anoka, Hennepin, and Waseca Counties, MN. Employees of six Select Employee Groups (including CenterPoint Energy) also qualify for membership, as do the family members of the current Credit Union members.
See current membership details
Related Posts
View all posts from:
Health
B
Data as of Q3 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Diversified Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61726 |
| Year Chartered | 1930 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 12.28% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $41.5MM$35.9MM |
| Loans | Q3 2020vs Q3 2019 | $31.4MM$32.8MM |
| Deposits | Q3 2020vs Q3 2019 | $37.9MM$32.6MM |
| Equity Capital | Q3 2020vs Q3 2019 | $3.6MM$3.2MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $547.00K$580.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $635.00K$780.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |