Novation Credit Union

500 Imperial Avenue
Oakdale, MN 55128
800.369.6628
www.novation.org

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Novation Credit Union is headquartered in OAKDALE and is the 35^th largest credit union in the state of Minnesota. It is also the 1,539^th largest credit union in the nation. It was established in 1954 and as of December of 2011, it had grown to 23 employees and 11,817 members. Novation Credit Union has a 5-star health rating.

Novation Credit Union Routing Number: 296076068

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

Novation Credit Union Checking Account Rates

Apy	Min	Max	Product
1.50%	-	$25k	Incentive Checking - Qualifying
0.00%	-	-	Incentive Checking - Non Qualifying

Novation Credit Union Savings Account Rates

Apy	Min	Max	Product
0.05%	$25	-	Share Savings
0.05%	-	-	IRA Quarterly Savings

Novation Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.10%	$2,500	-	Money Market

Novation Credit Union CD Rates

Apy	Min	Max	Product
1.10%	$500	-	60 Month CD
0.70%	$500	-	48 Month CD
0.60%	$500	-	36 Month CD
0.45%	$500	-	24 Month CD
0.30%	$500	-	18 Month CD
0.20%	$500	-	12 Month CD
0.15%	$500	-	6 Month CD

Novation Credit Union IRA Rates

Apy	Min	Max	Product
1.10%	$500	-	60 Month IRA
1.10%	$500	-	60 Month Roth IRA
0.70%	$500	-	48 Month IRA
0.70%	$500	-	48 Month Roth IRA
0.60%	$500	-	36 Month IRA
0.60%	$500	-	36 Month Roth IRA
0.45%	$500	-	24 Month IRA
0.45%	$500	-	24 Month Roth IRA
0.30%	$500	-	18 Month IRA
0.30%	$500	-	18 Month Roth IRA
0.20%	$500	-	12 Month IRA
0.20%	$500	-	12 Month Roth IRA
0.15%	$500	-	6 Month IRA
0.15%	$500	-	6 Month Roth IRA

Rates updated: 5/26/2012

Data for Q4 2011

Institution Statistics

NOVATION
NCUA #	65063
BankRate Report	View
Year Chartered	1954
Employees	23
Primary Regulator
Assets and Liabilities
Assets	$87.36 million
Loans	$61.78 million
Deposits	$80.35 million
Equity Capital	$6.48 million
Loan Loss Allowance	$589,000
Unbacked Noncurrent Loans	$368,000
Historic Data - December 2010
Assets	$84.30 million
Equity Capital	$6.04 million
Loan Loss Allowance	$670,000
Unbacked Noncurrent Loans	$768,000
Real Estate Owned	$209,000
Profit Margin - Quarterly
Net Interest Margin	4.75%
Return on Assets	0.5%
Return on Equity	6.75%
Interest Income	$3.67 million
Non-Interest Income	$1.41 million

Institution Health

Overall Score:

5 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 December 31, 2011 Novation Credit Union had $368,000 in non-current loans and owned real-estate with $7.06 million in equity and loan loss allowances on hand to cover it. This gives Novation Credit Union a Texas Ratio of 5.21% 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 Novation Credit Union decreased significantly from 14.56% as of December 31, 2010 to 5.21% as of December 31, 2011, resulting in a positive change of 64.23%.This indicates that the balance sheet and financial strength for Novation Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Novation Credit Union has increased its total deposits by $2.52 million, resulting in 3.24% 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 Novation Credit Union has shown is above average.
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. Novation Credit Union has $87.36 million in assets with $7.06 million in equity, resulting in a capitalization level of 8.09%, which is average.

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