Overview / Commentary
Northridge Community Credit Union is headquartered in Hoyt Lakes and is the 50th largest credit union in the state of Minnesota. It is also the 2,159th largest credit union in the nation. It was established in 1957 and as of March of 2021, it had grown to 27 employees and 6,362 members at 5 locations. Northridge Community Credit Union has an A health rating.
Field of Membership Restrictions
Must live, work or worship in St. Louis County, Lake County or Itasca County
See current membership details
Health
A
Data as of Q1 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. Northridge Community Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61257 |
| Year Chartered | 1957 |
| Employees | 27 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.36% |
| Return on Equity - YTD | 10.68% |
| Annual Interest Income | $817.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $70.9MM$56.9MM |
| Loans | Q1 2021vs Q1 2020 | $50.0MM$46.6MM |
| Deposits | Q1 2021vs Q1 2020 | $61.9MM$48.9MM |
| Equity Capital | Q1 2021vs Q1 2020 | $8.6MM$7.6MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $485.00K$413.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $148.00K$271.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $23.00K$0 |