DEER RIVER COOPERATIVE Credit Union Profile

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DEER RIVER COOPERATIVE

Charter #60388 | NCUA Region 3 | FISCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (218) 246-8777

Fax: (218) 246-9731

Founding Date: N/A

Website: https://www.drccu.com

Personnel & Operations

President: ISAACS, CHARLES

Manager: GOGGLEYE, MARY

FT Employees: 4

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 1

Hours: 9-5 MONDAY-FRIDAY

Credit Union Profile Summary

DEER RIVER COOPERATIVE is a FISCU Credit Union. With a total of 2,025 members [1], this institution manages approximately $28,672,254 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 10.75% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 5.37% [1].

Financial Snapshot

Total Assets [1]
$28,672,254

Total economic resources.

Total Loans [1]
$24,655,236

Total value of outstanding loans.

Total Deposits [1]
$25,573,892

Total funds deposited by members.

Members [1]
2,025

Number of active members.

Performance Ratios

Net Worth Ratio [1]
10.75%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.73%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
96.41%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
3.09%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
5.37%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
0.20%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

51 2ND ST SE

DEER RIVER, MN, 56636

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 1 branches reported by DEER RIVER COOPERATIVE (Charter #60388).

Main Office

DEER RIVER COOP CU Main Office

Type: Corporate Office

51 2ND ST SE

Deer River, MN 56636

Phone: (218) 246-8777

Services: Member Services

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