Heart Of The Lakes Federal Credit Union
Headquarters
101 Main Ave N, Po Box F
New York Mills, MN 56567
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2024 Overview
General Credit Union Information
Heart Of The Lakes is an NCUA insured institution located in New York Mills, MN. It was founded in 1942 and has approximately $21.11 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 60241 |
| Date Established | 1942 |
| Assets | $21.11 million |
| Loans | $11.15 million |
| Deposits | $19.47 million |
| Capital | $1.57 million |
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Heart Of The Lakes
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Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Heart Of The Lakes
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: 1835285 |
6.710% | 6.625% | 0.88 | $2,806 | $2,049 | Learn More |
NMLS ID: 2059741 |
7.018% | 6.875% | 0.88 | $4,672 | $2,103 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: 491986 |
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 |
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It is free to register and add rates.
Branches
Below are Heart Of The Lakes 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
HEART OF THE LAKES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Heart Of The Lakes Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Heart Of The Lakes. 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
| Heart Of The Lakes | U.S. Average |
|---|---|
| 13.28% | 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, Heart Of The Lakes had $199,344 in non-current loans and $19,800 in owned assets. To cover these potential losses it had $1,573,426 in net worth and $77,039 in loans loss reserves. That gives it a Texas Ratio of 13.28%.
Net Worth
| Heart Of The Lakes | U.S. Average |
|---|---|
| 7.45% | 13.62% |
Heart Of The Lakes FCU has a net worth of 7.45% 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 Heart Of The Lakes
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