Overview / Commentary
410 N 2nd Ave
Proctor, MN 55810-2206

Proctor Federal Credit Union is headquartered in proctor and is the 59th largest credit union in the state of Minnesota. It is also the 2,534th largest credit union in the nation. It was established in 1970 and as of September of 2018, it had grown to 8 employees and 6,141 members at 2 locations. Proctor Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, attend school or have an immediate family member who lives, works, worships or attends school in Hermantown, Duluth or the Proctor School District.
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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. Proctor Federal Credit Union has a low asset base.

Health Grade Components

NCUA #19960
Year Chartered1970
Primary Regulator
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD8.39%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$41.0MM$39.6MM
LoansQ3 2018vs Q3 2017$32.8MM$27.4MM
DepositsQ3 2018vs Q3 2017$36.4MM$35.3MM
Equity CapitalQ3 2018vs Q3 2017$4.6MM$4.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$124.00K$132.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$470.00K$685.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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Proctor Federal Credit Union Savings Account Rates

0.09%$100-Share Savings Account
0.09%$100-Club Account
0.09%$100-IRA Share Account

Proctor Federal Credit Union CD Rates

2.09%$1k-5 Year Share Certificate
1.89%$1k-4 Year Share Certificate
1.70%$1k-3 Year Share Certificate
1.25%$1k-2 Year Share Certificate
0.95%$1k-1 Year Share Certificate
0.60%$1k-182 Day Share Certificate

Proctor Federal Credit Union IRA Rates

2.09%$1k-5 Year IRA
1.89%$1k-4 Year IRA
1.70%$1k-3 Year IRA
1.25%$1k-2 Year IRA
0.95%$1k-1 Year IRA
0.60%$1k-182 Day IRA

Proctor Federal Credit Union Locations
Branch Office410 N 2nd Aveproctor, MN 55810-2206
Branch Office3924 Grand Aveduluth, MN 55807-2841

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