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iAdvertiser Disclosure
Advertiser Disclosure
Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
 Alerus Financial Rates & Review March 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: March 25, 2026
Alerus Financial's 8-Month CD Special rates are at 3.62%, 14-Month CD Special rates are at 3.40%. MonitorBankRates evaluates the financial stability of Alerus Financial with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.66%. Rates were last updated on 03/25/2026. Alerus Financial money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Alerus Financial? Share your experience about Alerus Financial by leaving a review below, or read customer reviews before you decide to use Alerus Financial. 
Alerus Financial CD Rates
Methodology & Data SourcesMonitorBankRates Star Rating: Our rating for Alerus Financial is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health. Rate Data Aggregation: We gather Alerus Financial rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Alerus Financial's official website for the most current offers and terms.
Bank Profile & Overview
Institution Name
Alerus Financial
Bank Holding Company
ALERUS FINANCIAL CORP
Address
401 Demers Ave,
Grand Forks, ND 58201 · Grand Forks
Website
https://www.alerus.com
FDIC Certificate #
3931
Established
09/30/1933
FDIC Insurance Date
01/01/1934
Domestic Offices
29
Total Branches
28
Regulator
OCC
FDIC Insured
✓ Yes — Up to $250,000
Financial Health & AssetsA+
Overall Health Grade
Score: 99/100
5.0
Exceptional
Out of 5.0 Stars
2.66%
Texas Ratio
Nat'l avg: 5.85%
Return on Assets (ROA)
1.0430%
Return on Equity (ROE)
11.7500%
Non-Performing Loans (NPL)
0.17%
Total Assets
$5,211,720,000
Total Deposits
$4,241,217,000
Equity Capital
$561,482,000
Net Income
$22,197,000
Headquarters
Grand Forks
Total Offices
29
Source: FDIC | Last Updated 12/31/2025
Frequently Asked Questions About Alerus FinancialIs Alerus Financial a safe place to deposit money?Yes, Alerus Financial is considered a safe financial institution. With a Texas Ratio of 2.6609949190594%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category. How many branches does Alerus Financial operate?Alerus Financial currently maintains approximately 28 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is there a first-time homebuyer program?Currently, Alerus Financial does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Alerus Financial provides members with tools to manage their accounts and build a solid financial history. Does Alerus Financial offer online and mobile banking?Most modern institutions like Alerus Financial provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.alerus.com. Compare to Other Banks
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