Question 1

What is LaMoure County Credit Union?

Accepted Answer

LaMoure County Credit Union is a community-focused, state-chartered credit union serving residents of LaMoure County in southeastern North Dakota. Established in 1940, the credit union operates with approximately $36.9 million in assets and serves over 1,100 members. As a locally owned and operated financial institution, LaMoure County Credit Union operates under the philosophy of being "Not for Profit, Not for Charity but for Service," emphasizing member service and community commitment.

The credit union has earned a low-income designation from the NCUA, reflecting its dedication to serving underserved communities in rural North Dakota.

The credit union has earned a low-income designation from the NCUA, reflecting its dedication to serving underserved communities in rural North Dakota.

Question 2

When was LaMoure County Credit Union founded?

Accepted Answer

LaMoure County Credit Union was established in 1940 during an era when rural communities needed accessible financial services. Founded by local residents committed to cooperative banking principles, the credit union was created to provide members with affordable access to savings accounts, loans, and other financial services. For over 84 years, the credit union has maintained its commitment to serving the financial needs of LaMoure County residents while remaining locally owned and operated.

Question 3

Where is LaMoure County Credit Union headquartered?

Accepted Answer

LaMoure County Credit Union is headquartered in LaMoure, North Dakota. The main office is located at PO Box 178, LaMoure, ND 58458.

Question 4

Where does LaMoure County Credit Union operate?

Accepted Answer

LaMoure County Credit Union operates in LaMoure County, located in southeastern North Dakota. The county is situated in the James River valley region, with LaMoure serving as the county seat. The credit union maintains one branch office and serves residents who live, work, or worship in LaMoure County.

LaMoure County borders Barnes County to the northeast, Ransom County to the east, Sargent County to the southeast, Dickey County to the south, McIntosh County to the southwest, Logan County to the west, and Stutsman County to the northwest.

Question 5

What services does LaMoure County Credit Union offer?

Accepted Answer

LaMoure County Credit Union provides a full range of financial services to meet the needs of its rural community members. Deposit accounts include savings accounts, checking accounts, IRAs, certificates of deposit, and specialized accounts like Christmas Club accounts.

Lending services feature auto loans, agricultural loans, open-end lines of credit, recreational loans, real estate loans, and personal loans. The credit union also offers Visa credit cards and Visa gift cards for member convenience.

Additional services include payroll deductions, direct deposit, cashiers checks, money orders, notary public services, ATM access, drive-up banking, night depository, safety deposit boxes, and access to NADA vehicle information for auto loan purposes. The credit union maintains office hours Monday through Friday from 8:30 AM to 4:30 PM.

All lending and account decisions are made locally by the credit union team, ensuring personalized service and understanding of community needs.

Question 6

What makes LaMoure County Credit Union unique?

Accepted Answer

LaMoure County Credit Union stands out for its deep roots in rural North Dakota and unwavering commitment to local decision-making. As a locally owned and operated institution for over eight decades, all credit decisions are made on-site by staff who understand the agricultural economy and unique needs of the community.

The credit union's mission emphasizes serving members by providing a wide array of financial services while promoting education and safety to help members obtain financial security. This educational focus helps members make informed financial decisions in an agricultural region where economic conditions can vary significantly.

Under the leadership of CEO Eric Musland, the credit union maintains strong capital ratios with an 18.65% net worth ratio, demonstrating financial stability and the ability to serve members through economic cycles. The credit union's low-income designation reflects its commitment to serving all community members, regardless of economic circumstances.

Question 7

What type of financial institution is LaMoure County Credit Union?

Accepted Answer

LaMoure County Credit Union is a state-chartered credit union regulated by the National Credit Union Administration (NCUA). As a member-owned financial cooperative, the credit union operates on a not-for-profit basis, returning earnings to members through competitive rates, lower fees, and enhanced services.

The credit union is classified as a community credit union serving LaMoure County residents. All deposits are federally insured by the NCUA up to $250,000 per depositor. The credit union maintains a "Well Capitalized" classification under NCUA standards, reflecting strong financial health and member protection.

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