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235 1st Ave W
Cambridge, MN 55008

MinnCO Credit Union is headquartered in Cambridge and is the 18st largest credit union in the state of Minnesota. It is also the 900th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 65 employees and 25,455 members. MinnCO Credit Union has a A health rating.

Field of Membership Restrictions

Membership in Minnco Credit Union is comprised of members of Federated Co-ops, Inc., a Minnesota corporation, as well as persons who live, work, worship, volunteer in, attend school in, businesses and other legal entities located in Isanti, Chisago, Anoka, Sherburne, Benton and Mille Lacs counties. In addition, the spouse of a member, the blood or adoptive relative of either of them and their spouses may also be members. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 MinnCO Credit Union had $2.26 million in non-current loans and owned real-estate with $21.42 million in equity and loan loss allowances on hand to cover it. This gives MinnCO Credit Union a Texas Ratio of 10.53% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for MinnCO Credit Union decreased slightly from 14.64% as of March 31, 2013 to 10.53% as of March 31, 2014, resulting in a positive change of 28.10%.This indicates that the balance sheet and financial strength for MinnCO Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, MinnCO Credit Union has increased its total deposits by $10.87 million, resulting in 6.05% 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.



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 $212.65 million in assets with $21.42 million in equity, resulting in a capitalization level of 10.07%, which is above average.

Institution Statistics

NCUA #63639
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$212.65 million
Loans$112.95 million
Deposits$190.62 million
Equity Capital$20.03 million
Loan Loss Allowance$1.39 million
Unbacked Noncurrent Loans$315,000
Real Estate Owned$1.94 million
Historic Data - March 2013
Assets$201.11 million
Equity Capital$18.52 million
Loan Loss Allowance$1.94 million
Unbacked Noncurrent Loans$315,000
Real Estate Owned$1.72 million
Profit Margin - Quarterly
Return on Assets0.4%
Return on Equity4.19%
Interest Income$1.72 million

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MinnCO Credit Union Savings Account Rates

0.40%--IRA Share Savings
0.40%--Roth IRA Share Savings
0.15%$25k-Health Savings
0.07%--Christmas Club

MinnCO Credit Union Money Market Rates

0.15%$25k-Money Market

MinnCO Credit Union Checking Account Rates

2.25%-$20keVantage Checking - Qualifying
0.15%$100k-Business Plus Checking
0.10%--eVantage Checking - Non Qualifying
0.07%--Checking Plus
0.07%--Classic Checking
0.05%--Business Checking

MinnCO Credit Union CD Rates

1.10%$500-60 Month Share Certificate
1.00%$500-48 Month Share Certificate
0.70%$500-36 Month Share Certificate
0.60%$500-30 Month Share Certificate
0.50%$500-24 Month Share Certificate
0.35%$1k-18 Month Share Certificate
0.25%$1,500-12 Month Share Certificate
0.18%$5k-6 Month Share Certificate
0.10%$10k-3 Month Share Certificate

MinnCO Credit Union IRA Rates

1.10%$500-60 Month IRA Certificate
1.00%$500-48 Month IRA Certificate
0.70%$500-36 Month IRA Certificate
0.50%$500-24 Month IRA Certificate
0.25%$1,500-12 Month IRA Certificate

MinnCO Credit Union Locations
Branch Office235 1st Ave WCambridge, MN 55008
Branch Office100 Opportunity Blvd NCambridge, MN 55008
Branch Office2121 Station Pkwy NWAndover, MN 55304
Branch Office236 2nd Ave SWCambridge, MN 55008
Branch Office38807 9th AveNorth Branch, MN 55056
Branch Office311 Credit Union DrIsanti, MN 55040