MinnCO Credit Union

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

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MinnCO Credit Union is headquartered in CAMBRIDGE and is the 19^st largest credit union in the state of Minnesota. It is also the 935^th largest credit union in the nation. It was established in 1935 and as of September of 2011, it had grown to 63 employees and 23,796 members. MinnCO Credit Union has a 4-star health rating.

MinnCO Credit Union Routing Number: 291973386

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 ...

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

MinnCO Credit Union Checking Account Rates

Apy	Min	Max	Product
2.31%	-	$30k	eVantage Checking
0.25%	$100k	-	Business Plus Checking
0.10%	-	-	Checking Plus
0.10%	-	-	Classic Checking
0.05%	-	-	Basic Checking
0.05%	-	-	Business Checking

MinnCO Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	-	-	IRA Share Savings
0.50%	-	-	Roth IRA Share Savings
0.25%	$25k	-	Health Savings Account
0.10%	-	-	Share Savings
0.10%	-	-	Christmas Club Account

MinnCO Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.25%	$25k	-	Money Market

MinnCO Credit Union CD Rates

Apy	Min	Max	Product
1.80%	$500	-	60 Month Share Certificate
1.60%	$500	-	48 Month Share Certificate
1.30%	$500	-	36 Month Share Certificate
0.95%	$500	-	30 Month Share Certificate
0.90%	$500	-	24 Month Share Certificate
0.65%	$1k	-	18 Month Share Certificate
0.60%	$1,500	-	12 Month Share Certificate
0.35%	$5k	-	6 Month Share Certificate
0.15%	$10k	-	3 Month Share Certificate

MinnCO Credit Union IRA Rates

Apy	Min	Max	Product
1.80%	$500	-	60 Month IRA Certificate
1.80%	$500	-	60 Month Roth IRA Certificate
1.60%	$500	-	48 Month IRA Certificate
1.60%	$500	-	48 Month Roth IRA Certificate
1.30%	$500	-	36 Month IRA Certificate
1.30%	$500	-	36 Month Roth IRA Certificate
0.90%	$500	-	24 Month IRA Certificate
0.90%	$500	-	24 Month Roth IRA Certificate
0.60%	$1,500	-	12 Month IRA Certificate
0.60%	$1,500	-	12 Month Roth IRA Certificate

Rates updated: 2/4/2012

Data for Q3 2011

Institution Statistics

MINNCO
NCUA #	63639
BankRate Report	View
Year Established	1935
Employees	63
Primary Regulator
Assets and Liabilities
Assets	$176.09 million
Loans	$109.85 million
Deposits	$158.67 million
Equity Capital	$16.09 million
Loan Loss Allowance	$1.79 million
Unbacked Noncurrent Loans	$2.96 million
Real Estate Owned	$1.48 million
Historic Data - September 2010
Assets	$165.78 million
Equity Capital	$15.17 million
Loan Loss Allowance	$1.91 million
Unbacked Noncurrent Loans	$3.16 million
Real Estate Owned	$1.21 million
Profit Margin - Quarterly
Net Interest Margin	4.55%
Return on Assets	0.38%
Return on Equity	4.16%
Interest Income	$6.13 million
Non-Interest Income	$2.33 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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 September 30, 2011 MinnCO Credit Union had $4.44 million in non-current loans and owned real-estate with $17.88 million in equity and loan loss allowances on hand to cover it. This gives MinnCO Credit Union a Texas Ratio of 24.85% which is average. 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 held steady from 25.62% as of September 30, 2010 to 24.85% as of September 30, 2011, resulting in a positive change of 3.01%.This indicates that the balance sheet and financial strength for MinnCO Credit Union has held steady in recent periods.
Deposit Growth
In the past year, MinnCO Credit Union has increased its total deposits by $8.82 million, resulting in 5.88% 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.
Capitalization
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 $176.09 million in assets with $17.88 million in equity, resulting in a capitalization level of 10.15%, which is above average.