Featured Savings Rates
Featured Accounts

Floodwood Area Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.25%SavingsMembership Share Savings Account
0.25%SavingsShare Savings Account
0.05%CheckingRegular Checking Account

Overview / Commentary
218-476-2288
P.O. Box 318
Floodwood, MN 55736

Floodwood Area Credit Union is headquartered in Floodwood and is the 73rd largest credit union in the state of Minnesota. It is also the 3,461st largest credit union in the nation. It was established in 1937 and as of December of 2017, it had grown to 3 employees and 1,814 members at 1 location. Floodwood Area Credit Union has a B health rating.

Field of Membership Restrictions

Floodwood Area Credit Union of Minnesota is open to the businesses, accredited institutions, residents, people that maintain employment, church members, and the registered students within the eligible locations that are listed on the credit union website, as well as the credit union employees and the family or household members of current credit union members.
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Health
Additional 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. Floodwood Area Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #60556
Year Chartered1937
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD1.78%
Annual Interest Income$551.00K
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$18.6MM$18.8MM
LoansQ4 2017vs Q4 2016$9.0MM$9.2MM
DepositsQ4 2017vs Q4 2016$15.6MM$15.9MM
Equity CapitalQ4 2017vs Q4 2016$3.0MM$3.0MM
Loan Loss AllowanceQ4 2017vs Q4 2016$235.00K$237.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$109.00K$296.00K
Real Estate OwnedQ4 2017vs Q4 2016$2.00K$18.00K
Rates
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Floodwood Area Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$200-IRA Savings
0.25%$25-Membership Share Savings Account
0.25%--Share Savings Account
0.25%$25-Business Share Savings Account
0.25%--Christmas Club Account

Floodwood Area Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Regular Checking Account
Locations


Floodwood Area Credit Union Locations
Branch OfficePO Box 318Floodwood, MN 55736

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