235 First Avenue W
Cambridge, MN 55008
(763)689-1071
www.minnco.com

NCUA


MinnCO Credit Union is headquartered in Cambridge and is the 18st largest credit union in the state of Minnesota. It is also the 922nd largest credit union in the nation. It was established in 1935 and as of December of 2012, it had grown to 59 employees and 24,769 members. MinnCO Credit Union has a 5-star health rating.

MinnCO Credit Union Routing Number: 291973386

Related Posts

Minnco Credit Union Increases Rate And Lowers Cap (2.31%APY, $30K) To (2.5%, $20K) Effective 9/1/12 (Forum) - 9/24/2012

Note to Ken:  DA is reflecting the new rate/APY but not the new cap

High-Yield Reward Checking Account at MinnCO Credit Union in MN - Local Only - 3/19/2010

MinnCO Credit Union is offering a high-yield reward checking account called eVantage Checking . The account has the following rates and features if certain monthly requirements are met (as of 3/19/20 ...



See Rates for: Checking | Savings | Money Market | CD | IRA

MinnCO Credit Union Checking Account Rates

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2.50%-$20keVantage Checking
0.20%$100k-Business Plus Checking
0.10%--Checking Plus
0.10%--Classic Checking
0.05%--Checking
0.05%--Business Checking

MinnCO Credit Union Savings Account Rates

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0.50%--IRA Share Savings
0.50%--Roth IRA Share Savings
0.20%$25k-Health Savings
0.10%--Savings
0.10%--Christmas Club

MinnCO Credit Union Money Market Rates

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0.20%$25k-Money Market

MinnCO Credit Union CD Rates

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1.50%$500-60 Month Share Certificate
1.35%$500-48 Month Share Certificate
1.00%$500-36 Month Share Certificate
0.70%$500-30 Month Share Certificate
0.65%$500-24 Month Share Certificate
0.45%$1k-18 Month Share Certificate
0.35%$1,500-12 Month Share Certificate
0.25%$5k-6 Month Share Certificate
0.15%$10k-3 Month Share Certificate

MinnCO Credit Union IRA Rates

ApyMinMaxProduct
1.50%$500-60 Month IRA Certificate
1.50%$500-60 Month Roth IRA Certificate
1.35%$500-48 Month IRA Certificate
1.35%$500-48 Month Roth IRA Certificate
1.00%$500-36 Month IRA Certificate
1.00%$500-36 Month Roth IRA Certificate
0.65%$500-24 Month IRA Certificate
0.65%$500-24 Month Roth IRA Certificate
0.35%$1,500-12 Month IRA Certificate
0.35%$1,500-12 Month Roth IRA Certificate

Rates updated: 5/13/2013

Data for Q4 2012


Institution Statistics


MINNCO
NCUA #63639
BankRate ReportView
Year Chartered1935
Employees59
Primary Regulator

Assets and Liabilities

Assets$191.60 million
Loans$111.65 million
Deposits$172.06 million
Equity Capital$18.11 million
Loan Loss Allowance$1.96 million
Unbacked Noncurrent Loans$1.07 million
Real Estate Owned$1.85 million

Historic Data - December 2011

Assets$178.39 million
Equity Capital$16.42 million
Loan Loss Allowance$1.93 million
Unbacked Noncurrent Loans$2.45 million
Real Estate Owned$1.80 million

Profit Margin - Quarterly

Net Interest Margin5.38%
Return on Assets0.88%
Return on Equity9.36%
Interest Income$7.33 million
Non-Interest Income$3.89 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 MinnCO Credit Union had $2.93 million in non-current loans and owned real-estate with $20.07 million in equity and loan loss allowances on hand to cover it. This gives MinnCO Credit Union a Texas Ratio of 14.58% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for MinnCO Credit Union decreased slightly from 23.17% as of December 31, 2011 to 14.58% as of December 31, 2012, resulting in a positive change of 37.08%.This indicates that the balance sheet and financial strength for MinnCO Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, MinnCO Credit Union has increased its total deposits by $11.71 million, resulting in 7.3% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth MinnCO Credit Union has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. MinnCO Credit Union has $191.6 million in assets with $20.07 million in equity, resulting in a capitalization level of 10.48%, which is above average.
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