Centricity Credit Union

Overview / Commentary
4477 Lavaque Rd
Hermantown, MN 55811

Centricity Credit Union is headquartered in Hermantown and is the 31st largest credit union in the state of Minnesota. It is also the 1,252nd largest credit union in the nation. It was established in 1943 and as of June of 2019, it had grown to 47 employees and 16,445 members at 3 locations. Centricity Credit Union has an A+ health rating.

Field of Membership Restrictions

Must live, worship, work or attend school in St. Louis and Carlton counties of Minnesota and Douglas County in Wisconsin.
See current membership details

Reviews (1)

small credit union, starting from elementry school

I opened up a savings account at this credit union when I was a child. They would come to our elementary school on Wednesday mornings and set up a little table for you to bring your money and deposit it with them. Looking back, this was a great way for marketing and getting people to chose their bank... ever since they came to our school I have had an account. I am sure my parents set up this account for me, however they were not members of the hermantown federal credit union. It was a great way to teach children how to save money. We all were not coming with tons of money but after holidays, birthdays, ect, I would take some of my money and put it away in this savings account. As I got older, I never felt pressured by the bank and really enjoyed my experiences. They do not have fees for taking money out of any ATM. They also do not charge foreign transaction fees. These reasons alone are why I chose to keep a savings account with a debit card at this credit union, even if I do not live there anymore, and do not do all my banking with them.


Health Grade Components

NCUA #68685
Year Chartered1943
Primary Regulator
Profit Margin
Return on Assets - YTD1.15%
Return on Equity - YTD10.06%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$155.6MM$149.6MM
LoansQ2 2019vs Q2 2018$118.9MM$108.0MM
DepositsQ2 2019vs Q2 2018$134.9MM$130.6MM
Equity CapitalQ2 2019vs Q2 2018$17.7MM$16.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.4MM$1.2MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$698.00K$1.0MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Centricity Credit Union Savings Account Rates

0.90%$50-IRA Savings Account
0.15%$10-Share Savings Account

Centricity Credit Union Money Market Rates

0.40%*$50k*-Money Market Savings Account
OTHER TIERS: 0.20% $2.5k - $25k | 0.30% $25k - $50k

Centricity Credit Union CD Rates

2.53%$1k-5 Year Share Certificate
2.27%$1k-4 Year Share Certificate
2.05%$1k-3 Year Share Certificate - Anniversary Special
1.79%$1k-2 Year Share Certificate
0.35%$1k-1 Year Share Certificate Builder - Anniversary Special
0.25%$1k-6 Month Share Certificate

Centricity Credit Union Locations
Branch Office25 Belknap StSuperior, WI 54880
Branch Office2501 London RdDuluth, MN 55812
Corporate Office4477 Lavaque RdHermantown, MN 55811

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