North Iowa Community Credit Union
Overview / Commentary
North Iowa Community Credit Union is headquartered in MASON CITY and is the 29th largest credit union in the state of Iowa. It is also the 1,985th largest credit union in the nation. It was established in 1956 and as of June of 2022, it had grown to 25 employees and 11,414 members at 2 locations. North Iowa Community Credit Union has a B+ health rating.
Field of Membership Restrictions
North Iowa Community Credit Union is open to those who live or work in Franklin, Hancock, Cerro Gordo, Winnebago, Wright or Worth counties in Iowa. Family members may also join.
See current membership details
Health
B+
Data as of Q2 2022
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. North Iowa Community Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 64191 |
| Year Chartered | 1956 |
| Employees | 25 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 6.27% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $87.4MM$85.8MM |
| Loans | Q2 2022vs Q2 2021 | $79.7MM$68.4MM |
| Deposits | Q2 2022vs Q2 2021 | $78.5MM$77.7MM |
| Equity Capital | Q2 2022vs Q2 2021 | $7.9MM$7.4MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $225.00K$207.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $210.00K$186.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$331.00K |