Overview / Commentary
Norstar Federal Credit Union is headquartered in Britton and is the 15th largest credit union in the state of South Dakota. It is also the 2,355th largest credit union in the nation. It was established in 1942 and as of December of 2021, it had grown to 8 employees and 2,916 members at 1 location. Norstar Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Norstar Federal Credit Union is open to those who live, work, worship, or attend school in Day, Marshall, or eastern Brown County in South Dakota, or Sargent County in North Dakota.
See current membership details
Health
A
Data as of Q4 2021
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. Norstar Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 4951 |
| Year Chartered | 1942 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.21% |
| Return on Equity - YTD | 8.68% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $58.8MM$53.0MM |
| Loans | Q4 2021vs Q4 2020 | $28.7MM$27.2MM |
| Deposits | Q4 2021vs Q4 2020 | $50.8MM$45.8MM |
| Equity Capital | Q4 2021vs Q4 2020 | $8.1MM$7.4MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $279.00K$282.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $0$0 |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |