2. Central Minnesota Credit Union

Central Minnesota Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.90%5-year CD
3.10% - American Express National Bank 60 Month CDAdvertisement
1.80%1-year CD
1.30% - National Average
0.05%Savings
2.10% - American Express National Bank High Yield Savings AccountAdvertisement
View all Central Minnesota Credit Union rates »

Overview / Commentary
www.mycmcu.org
320-256-3669
20 4th Ave SE
Melrose, MN 56352

Central Minnesota Credit Union is headquartered in Melrose and is the 6th largest credit union in the state of Minnesota. It is also the 278th largest credit union in the nation. It was established in 1939 and as of September of 2018, it had grown to 310 employees and 62,579 members at 21 locations. Central Minnesota Credit Union's savings rates are 4X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Central Minnesota Credit Union is open to those who live, work, attend school or worship in Becker, Benton, Clay, Douglas, Grant, Kandiyohi, Meeker, Morrison, Otter Tail, Pope, Sherburne, Stearns, Todd, Wadena, Wilkin, and Wright Counties in Minnesota or in Cass and Richland Counties in North Dakota.
See current membership details

Related Posts

My Goal Savings, 2.00% APY, 1 Year Maturity - 3/25/2018

Central Minnesota CU has a new My Goal Savings account. Create an automated deposit based on your budget and schedule which can change throughout the term of the account. Monthly deposits must total $20 - $400. Earns higher dividends than a Personal Savings account. Maturity date is one year from open date with the ability to set the date earlier. You have the ability to "catch-up" the deposit amount if you set an earlier maturity date on the day of account opening. Ability to open an unlimited number of goal accounts.

Reviews (2)

Online Banking

Posted by: MessagesFizz | Sep 13, 2017

When I recently went in to look into getting a new checking account at a different bank I was surprised by the amount of options they had. One of the choices was an E-Checking account. I do most of my banking online and prefer it that way. This seemed like the best option for me. The guy who helped me set it up was very friendly and made sure I had everything working before I left the building. He helped me create a user name and password for the website as well as helped me find and download their mobile app. I found the benefits on their E-Checking account to make it more than worth it to sign up for this particular account. The part I liked the best is I will now earn interest on money I have in my checking account.

1

Central MN Credit Union

Posted by: Glossyteam | Aug 31, 2017

I recently was unhappy with my current bank and found myself at our local credit union. When I walked in I was greeted and it was a pleasant atmosphere. I did not have to wait long for someone to come help me open a new checking and savings account. Everything was explained to me in detail, and I was given choices of what kinds of accounts I wanted to open. The guy was knowledgeable in their accounts and did his best to make sure the accounts I was opening were the best for me and my situation. I have been back a few times now as I am working on switching everything to this credit union. I would highly recommend this credit union to other people. It is fast, convenient, and they offer good deals on the types of accounts they have.

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Health
A+

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #68604
Year Chartered1939
Employees310
Primary Regulator
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD7.4%
Annual Interest Income$32.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.10B$1.01B
LoansQ3 2018vs Q3 2017$899.7MM$826.7MM
DepositsQ3 2018vs Q3 2017$864.8MM$834.4MM
Equity CapitalQ3 2018vs Q3 2017$165.0MM$153.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$6.7MM$5.9MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.4MM$3.4MM
Real Estate OwnedQ3 2018vs Q3 2017$2.1MM$3.0MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Central Minnesota Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%--My Goal Savings
1.70%--Little Scholars
1.70%--Boom! Savings
0.90%*$150k*-IRA Savings
OTHER TIERS: 0.20% → Up to $2.5k | 0.25% → $2.5k - $10k | 0.30% → $10k - $25k | 0.35% → $25k - $50k | 0.60% → $50k - $100k | 0.70% → $100k - $150k
0.60%--Save the Change Account
0.55%*$100k*-H.S.A. Checking
OTHER TIERS: 0.25% → Up to $50k | 0.45% → $50k - $100k
0.15%--Savings Accounts
0.05%$5-Share Account

Central Minnesota Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$150k*-Money Market Account
OTHER TIERS: 0.15% → Up to $25k | 0.25% → $2.5k - $10k | 0.30% → $10k - $25k | 0.35% → $25k - $50k | 0.45% → $50k - $100k | 0.55% → $100k - $150k

Central Minnesota Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$150k*-Business Advantage Checking
OTHER TIERS: 0.15% → Up to $50k | 0.20% → $50k - $100k | 0.30% → $100k - $150k
0.25%--eChecking
0.15%*$5k*-Relationship Checking
OTHER TIERS: 0.10% → $1k - $5k

Central Minnesota Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%*$150k*-60 Month CD
OTHER TIERS: 2.40% → $500 - $25k | 2.45% → $25k - $50k | 2.70% → $50k - $100k | 2.80% → $100k - $150k
2.75%$250$7.5k12 Month Boom! CD
2.65%*$150k*-48 Month CD
OTHER TIERS: 2.15% → $500 - $25k | 2.20% → $25k - $50k | 2.45% → $50k - $100k | 2.55% → $100k - $150k
2.50%*$150k*-36 Month CD
OTHER TIERS: 2.00% → $500 - $25k | 2.05% → $25k - $50k | 2.30% → $50k - $100k | 2.40% → $100k - $150k
2.25%*$150k*-24 Month CD
OTHER TIERS: 1.75% → $500 - $25k | 1.80% → $25k - $50k | 2.05% → $50k - $100k | 2.15% → $100k - $150k
1.80%*$150k*-12 Month CD
OTHER TIERS: 1.30% → $500 - $25k | 1.35% → $25k - $50k | 1.60% → $50k - $100k | 1.70% → $100k - $150k
1.80%*$150k*-18 Month CD
OTHER TIERS: 1.30% → $500 - $25k | 1.35% → $25k - $50k | 1.60% → $50k - $100k | 1.70% → $100k - $150k
1.45%*$150k*-9 Month CD
OTHER TIERS: 0.95% → $500 - $25k | 1.00% → $25k - $50k | 1.25% → $50k - $100k | 1.35% → $100k - $150k
1.30%*$150k*-6 Month CD
OTHER TIERS: 0.80% → $500 - $25k | 0.85% → $25k - $50k | 1.10% → $50k - $100k | 1.20% → $100k - $150k
0.80%*$150k*-3 Month CD
OTHER TIERS: 0.30% → $500 - $25k | 0.35% → $25k - $50k | 0.60% → $50k - $100k | 0.70% → $100k - $150k

Central Minnesota Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%*$150k*-60 Month IRA
OTHER TIERS: 2.40% → $500 - $25k | 2.45% → $25k - $50k | 2.70% → $50k - $100k | 2.80% → $100k - $150k
2.65%*$150k*-48 Month IRA
OTHER TIERS: 2.15% → $500 - $25k | 2.20% → $25k - $50k | 2.45% → $50k - $100k | 2.55% → $100k - $150k
2.50%*$150k*-36 Month IRA
OTHER TIERS: 2.00% → $500 - $25k | 2.05% → $25k - $50k | 2.30% → $50k - $100k | 2.40% → $100k - $150k
2.25%*$150k*-24 Month IRA
OTHER TIERS: 1.75% → $500 - $25k | 1.80% → $25k - $50k | 2.05% → $50k - $100k | 2.15% → $100k - $150k
1.80%*$150k*-12 Month IRA
OTHER TIERS: 1.30% → $500 - $25k | 1.35% → $25k - $50k | 1.60% → $50k - $100k | 1.70% → $100k - $150k
Locations

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