Floodwood Area Federal Credit Union
Headquarters
P.o. Box 318
Floodwood, MN 55736
See all branch locations →
2024 Overview
General Credit Union Information
Floodwood Area is an NCUA insured institution located in Floodwood, MN. It was founded in 1937 and has approximately $17.84 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 60556 |
| Date Established | 1937 |
| Assets | $17.84 million |
| Loans | $9.04 million |
| Deposits | $15.80 million |
| Capital | $2.32 million |
Field of Membership Restrictions
Floodwood Area Credit Union of Minnesota is open to the businesses, accredited institutions, residents, people that maintain employment, church members, and the registered students within the eligible locations that are listed on the credit union website, as well as the credit union employees and the family or household members of current credit union members.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Floodwood Area
We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.
Back to Floodwood Area
Note to Floodwood Area
To upload and update your credit union's rates please register.
It is free to register and add rates.
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Floodwood Area
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 3029 |
7.106% | 6.990% | 0.63 | $3,929 | $2,127 | Learn More |
NMLS ID: 3030 |
7.350% | 7.250% | 1.00 | $3,200 | $2,183 | Learn More |
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Floodwood Area
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Floodwood Area branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
FLOODWOOD AREA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Add Your Review
or use your BestCashCow account
or
Financial Details
Floodwood Area Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Floodwood Area. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Floodwood Area | U.S. Average |
|---|---|
| 9.36% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Floodwood Area had $235,880 in non-current loans and $3,021 in owned assets. To cover these potential losses it had $2,315,443 in net worth and $235,846 in loans loss reserves. That gives it a Texas Ratio of 9.36%.
Net Worth
| Floodwood Area | U.S. Average |
|---|---|
| 12.97% | 13.62% |
Floodwood Area FCU has a net worth of 12.97% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Floodwood Area
There are currently no comments for FLOODWOOD AREA. Be the first to share your experience. Please provide comments that will help others.
Add Your Review
or use your BestCashCow account