Co-Op Credit Union (MN)


Overview / Commentary
320-269-2117
2407 E Highway 7
Montevideo, MN 56265-0477

Co-Op Credit Union (MN) is headquartered in Montevideo and is the 15th largest credit union in the state of Minnesota. It is also the 881st largest credit union in the nation. It was established in 1940 and as of March of 2025, it had grown to 42 employees and 17,368 members at 4 locations. Co-Op Credit Union (MN) has an A health rating.

Field of Membership Restrictions

CO-OP Credit Union is open to those who live, work, attend school or worship in, and for businesses located in Chippewa, Kandiyohi, Lac qui Parle, Lincoln, Lyon, Renville, Swift, or Yellow Medicine Counties in Minnesota. Members, shareholders, or employees of Farmers Union Oil Company (Montevideo), Minnesota Valley Co-op Light & Power Association, or Farmers Co-op Oil Company (Clara City) also qualify for membership.
See current membership details

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Health

Health Grade Components

Overall
NCUA #62419
Year Chartered1940
Employees42
Primary Regulator
Profit Margin
Return on Assets - YTD1.45%
Return on Equity - YTD9.65%
Annual Interest Income$4.8MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$386.4MM$366.2MM
LoansQ1 2025vs Q1 2024$252.5MM$234MM
DepositsQ1 2025vs Q1 2024$325.7MM$310MM
Equity CapitalQ1 2025vs Q1 2024$57.3MM$52.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$5MM$4.6MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$5.2MM$3.8MM
Real Estate OwnedQ1 2025vs Q1 2024$148K$50K
Rates

Rates for Co-Op Credit Union (MN) are currently being reviewed.

Locations


Co-Op Credit Union (MN) Locations
Branch Office1003 Saint Olaf Ave NCanby, MN 56220-1133
Branch Office1501 Minnesota AveBenson, MN 56215
Branch Office1801 5th St SEWillmar, MN 56201
Branch Office2407 E Highway 7Montevideo, MN 56265-3151

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