Featured Savings Rates
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Floodwood Area Credit Union

Popular Accounts at this Credit Union

0.25%SavingsMembership Share Savings Account
0.25%SavingsShare Savings Account
0.05%CheckingRegular Checking Account

Overview / Commentary
P.O. Box 318
Floodwood, MN 55736

Floodwood Area Credit Union is headquartered in Floodwood and is the 75th largest credit union in the state of Minnesota. It is also the 3,535th largest credit union in the nation. It was established in 1937 and as of March of 2018, it had grown to 3 employees and 1,813 members at 1 location. Floodwood Area Credit Union has a C- 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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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, and a negative return on assets.

Health Grade Components

NCUA #60556
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD-15.61%
Return on Equity - YTD-123.02%
Annual Interest Income$139.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$17.8MM$18.9MM
LoansQ1 2018vs Q1 2017$9.0MM$9.0MM
DepositsQ1 2018vs Q1 2017$15.8MM$15.9MM
Equity CapitalQ1 2018vs Q1 2017$2.3MM$3.0MM
Loan Loss AllowanceQ1 2018vs Q1 2017$236.00K$236.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$106.00K$398.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$17.00K
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Floodwood Area Credit Union Savings Account Rates

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

0.05%$500-Regular Checking Account

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

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