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Proctor Federal Credit Union

Popular Accounts at this Credit Union

1.65%5-year CD5 Year Share Certificate
0.65%1-year CD1 Year Share Certificate
0.12%SavingsShare Savings Account

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

Proctor Federal Credit Union is headquartered in proctor and is the 60th largest credit union in the state of Minnesota. It is also the 2,695th largest credit union in the nation. It was established in 1970 and as of June of 2016, it had grown to 9 employees and 5,756 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 - YTD0.62%
Return on Equity - YTD5.42%
Annual Interest Income$609.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$35.6MM$34.6MM
LoansQ2 2016vs Q2 2015$24.8MM$22.0MM
DepositsQ2 2016vs Q2 2015$31.2MM$30.7MM
Equity CapitalQ2 2016vs Q2 2015$4.1MM$3.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$73.00K$155.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$316.00K$272.00K
Real Estate OwnedQ2 2016vs Q2 2015$90.00K$0
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Proctor Federal Credit Union Savings Account Rates

0.12%$25-Share Savings Account
0.12%$25-Club Account
0.12%$25-IRA Share Account

Proctor Federal Credit Union CD Rates

1.65%$1k-5 Year Share Certificate
1.40%$1k-4 Year Share Certificate
1.25%$1k-3 Year Share Certificate
1.00%$1k-2 Year Share Certificate
0.65%$1k-1 Year Share Certificate
0.50%$1k-182 Day Share Certificate

Proctor Federal Credit Union IRA Rates

1.65%$1k-5 Year IRA Certificate
1.40%$1k-4 Year IRA Certificate
1.25%$1k-3 Year IRA Certificate
1.00%$1k-2 Year IRA Certificate
0.65%$1k-1 Year IRA Certificate
0.50%$1k-182 Day IRA Certificate

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