Sep, 30, 2025 — NORTHERN VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND FORKS, ND with 1 branch location and about $19.96 million in total assets. Opened 90 years ago in 1936, NORTHERN VALLEY FEDERAL CREDIT UNION has about 1,471 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHERN VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3030 Demers Ave GRAND FORKS, ND 58201 |
| Phone: | (701) 772-7922 |
| Fax: | (701) 772-5076 |
| Website: | https://www.northernvalleyfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,471 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1344 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,961,543 |
| CEO/Manager: | Nancy S Vodden |
| Chairperson: | Ole Borgen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,120,049 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 727,484 |
| Unsecured Loans | 199,759 |
| Other Loans | 11,752,592 |
| TOTAL LOANS | 12,679,835 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,562 |
| Land And Building | 577,605 |
| Other Fixed Assets | 82,819 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 158,402 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,961,543 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,895 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 47,522 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,895,197 |
| Regular shares | 10,074,277 |
| All Other Shares & Deposits | 3,372,555 |
| TOTAL SHARES & DEPOSITS | 17,342,029 |
| TOTAL LIABILITIES | 17,408,446 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,553,097 |
| TOTAL EQUITY | 2,553,097 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,961,543 |
| INCOME & EXPENSE | |
| Loan Income | 517,860 |
| Investment Income | 180,597 |
| Other Income | 107,981 |
| Total Employee Compensation & Benefits | 197,748 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 313,363 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
| Cost of Funds | 118,742 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 168,875 |
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