B
Riverfork Federal Credit Union
Rating Date
May 2024
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Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) based on a net capital to total assets of 13.1 and a net worth ratio of 13.7. A current level of 9.9 percent of nonperforming loans to core capital combined with 2.1 percent from a year earlier contributes to the Excellent asset quality (7.1).
Other Rating Factors: Operating profits as a percentage of assets at 2.5%, coupled with a return on assets of 2.5 has resulted in Good (6.2) profitability. Good liquidity 6.1, driven by a liquidity ratio of 52.3 percent and a “hot money” ratio of 0.0 percent.
Asset Mix: Consumer loans (38%), home mtgs (6%), other (56%)
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Corporate Info
Address
711 North Washington Street
Grand Forks, ND 58203
Phone Number
(701) 775-0593
NCUA Charter Number