Overview / Commentary
413 W Stanton Ave
Fergus Falls, MN 56537-2505

Otter Tail Credit Union is headquartered in Fergus Falls and is the 75th largest credit union in the state of Minnesota. It is also the 3,633rd largest credit union in the nation. It was established in 1954 and as of September of 2018, it had grown to 3 employees and 2,418 members at 2 locations. Otter Tail Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Fergus Falls, Minnesota and to those who live within a 12-mile radius of Fergus Falls. Membership is also open to employees of Otter Tail Power Company.
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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. Otter Tail Credit Union has a low asset base.

Health Grade Components

NCUA #64343
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD3.07%
Annual Interest Income$277.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$15.5MM$15.8MM
LoansQ3 2018vs Q3 2017$5.4MM$4.9MM
DepositsQ3 2018vs Q3 2017$14.1MM$14.4MM
Equity CapitalQ3 2018vs Q3 2017$1.4MM$1.3MM
Loan Loss AllowanceQ3 2018vs Q3 2017$23.00K$10.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$10.00K$7.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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Otter Tail Credit Union Savings Account Rates

0.50%--Education IRA Savings Account
0.50%--IRA Savings Account
0.50%--Roth IRA Savings Account
0.10%--Power Savings Account
0.10%--Christmas Club Account
0.05%--Primary Share S1 Account
0.05%--Secondary Share S2 Account

Otter Tail Credit Union CD Rates

0.70%--24 Month Savings Certificate
0.60%--18 Month Savings Certificate
0.50%--1 Year Savings Certificate
0.45%--270 Day Savings Certificate
0.40%--180 Day Savings Certificate
0.35%--120 Day Savings Certificate
0.30%--90 Day Savings Certificate
0.20%--60 Day Savings Certificate

Otter Tail Credit Union IRA Rates

0.70%--24 Month IRA Certificate
0.60%--18 Month IRA Certificate
0.50%--1 Year IRA Certificate
0.45%--270 Day IRA Certificate
0.40%--180 Day IRA Certificate
0.35%--120 Day IRA Certificate
0.30%--90 Day IRA Certificate
0.20%--60 Day IRA Certificate

Otter Tail Credit Union Locations
Branch Office413 W Stanton AveFergus Falls, MN 56537-2505
Branch Office217 Jefferson St NWadena, MN 56482-1370

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