Featured Savings Rates
Featured Accounts

Floodwood Area Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.50%1-year CD12 Month Share Certificate
0.25%SavingsShare Savings Account
0.85%2-year CD24 Month Share Certificate

Overview / Commentary
218-476-2288
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 3,488th largest credit union in the nation. It was established in 1937 and as of June of 2016, it had grown to 3 employees and 1,868 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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Health
C+
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%
Return on Equity - YTD0%
Annual Interest Income$262.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$19.4MM$18.2MM
LoansQ2 2016vs Q2 2015$9.3MM$10.2MM
DepositsQ2 2016vs Q2 2015$16.4MM$15.3MM
Equity CapitalQ2 2016vs Q2 2015$3.0MM$2.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$222.00K$292.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$549.00K$466.00K
Real Estate OwnedQ2 2016vs Q2 2015$72.00K$12.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

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

Floodwood Area Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$20k*-24 Month Share Certificate
OTHER TIERS: 0.65% $1k - $20k
0.50%$1k-12 Month Share Certificate
0.30%$500-6 Month Share Certificate

Floodwood Area Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$20k*-24 Month IRA Share Certificate
OTHER TIERS: 0.65% $1k - $20k
0.50%$1k-12 Month IRA Share Certificate
0.30%$500-6 Month IRA Share Certificate
Locations


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