New Salem Credit Union

About New Salem Credit Union

New Salem Credit Union Location

Po Box B
New Salem, ND 58563

Phone: (701) 843-7504
Website: www.newsalemcu.org
Routing/Transit Number: Not Available

New Salem Credit Union Information

New Salem Credit Union of New Salem, ND is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 1951 members and assets of $20,784,286, as compared to the national average of $93 million dollars of assets per credit union. New Salem Credit Union, first opened in 1939 and has been in operation since then. Additionally, New Salem Credit Union has 6 full time employees and 0 part time employees, or 325.166666667 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that New Salem Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. New Salem Credit Union is a not-for-profit, cooperative, tax-exempt organization.