Ray Cooperative Credit Union

About Ray Cooperative Credit Union

Ray Cooperative Credit Union Location

Po Box 158
Ray, ND 58849

Phone: (701) 568-3663
Website:
Routing/Transit Number: Not Available

Ray Cooperative Credit Union Information

Ray Cooperative Credit Union of Ray, 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 1237 members and assets of $7,874,578, as compared to the national average of $93 million dollars of assets per credit union. Ray Cooperative Credit Union, first opened in 1940 and has been in operation since then. Additionally, Ray Cooperative Credit Union has 2 full time employees and 2 part time employees, or 309.25 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 Ray Cooperative 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. Ray Cooperative Credit Union is a not-for-profit, cooperative, tax-exempt organization.