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North Memorial Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.05%5-year CD5 Year "Step Up" Rate CD
0.35%1-year CD1 Year CD
0.05%SavingsWINcentive Share

Overview / Commentary
763-367-7700
3300 Oakdale Ave N
Robbinsdale, MN 55422-2926

North Memorial Federal Credit Union is headquartered in Robbinsdale and is the 58th largest credit union in the state of Minnesota. It is also the 2,668th largest credit union in the nation. It was established in 1964 and as of June of 2016, it had grown to 10 employees and 4,281 members at 2 locations. North Memorial Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of North Memorial Medical Center, any of its associates or affiliated office/clinic, employees of Maple Grove Hospital or any affiliated office or clinic, employees of medical offices that admit to either hospital, Saint Therese Home, Inc., Financial Recovery Service, Inc, Premier Health Chiropractic, American Family Insurance - Steven G. Graham Agency, Inc., Grove Salons Inc,, Fine Line for Hair, Inc, or DJ Kranz.
See current membership details

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Health
B+
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. North Memorial Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #16248
Year Chartered1964
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD0.23%
Return on Equity - YTD2.33%
Annual Interest Income$692.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$36.7MM$35.0MM
LoansQ2 2016vs Q2 2015$25.7MM$23.9MM
DepositsQ2 2016vs Q2 2015$32.8MM$31.5MM
Equity CapitalQ2 2016vs Q2 2015$3.6MM$3.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$155.00K$132.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$134.00K$77.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

North Memorial Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--IRA Deposit Account
0.05%--Regular Shares Account
0.05%--Christmas Club Account
0.05%--WINcentive Share

North Memorial Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Money Market Account
OTHER TIERS: 0.10% Up to $50k

North Memorial Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$5k*-Lifestyle Checking Account
OTHER TIERS: 0.05% $400 - $5k

North Memorial Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$500-5 Year CD
1.05%$2,500-5 Year "Step Up" Rate CD
1.00%$500-4 Year CD
0.75%$500-3 Year CD
0.65%$2,500-3 Year "Step Up" Rate CD
0.50%$500-2 Year CD
0.35%$500-1 Year CD
0.25%$500-6 Month CD
0.15%$500-3 Month CD

North Memorial Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$500-3 Year IRA
0.70%$500-2 Year RA
0.35%$500-1 Year IRA
Locations


North Memorial Federal Credit Union Locations
Branch Office3300 Oakdale Ave NRobbinsdale, MN 55422-2926
Branch Office15601 Grove Cir NMaple Grove, MN 55369-4489