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Co-Op Credit Union (MN)


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

Co-Op Credit Union (MN) is headquartered in Montevideo and is the 19th largest credit union in the state of Minnesota. It is also the 1,057th largest credit union in the nation. It was established in 1940 and as of March of 2019, it had grown to 38 employees and 14,200 members at 4 locations. Co-Op Credit Union (MN)'s money market rates are 3X the national average, and it 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.
See current membership details

Reviews (1)

Great local credit union

My experience with my local credit union is great. They are always very friendly and willing to help when they can. Just recently I needed some documents notarized. We live in a small rural community and there isn't any place that does it, or at least that's what I thought. I called my credit union to see if they knew where I could go. They advised me they can do it right there and since I was a member it was free of charge. Normally it is $25 a page and I had three pages! My wife also needed to get added to my account after we got married and they helped walk her through everything she needed to do including starting with getting a new SS card and drivers license and what documents she needed.



Health

Health Grade Components

Overall
NCUA #62419
Year Chartered1940
Employees38
Primary Regulator
Profit Margin
Return on Assets - YTD1.95%
Return on Equity - YTD12.44%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$204.0MM$192.1MM
LoansQ1 2019vs Q1 2018$153.3MM$138.9MM
DepositsQ1 2019vs Q1 2018$164.5MM$155.4MM
Equity CapitalQ1 2019vs Q1 2018$31.4MM$28.0MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.8MM$2.6MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$938.00K$546.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Co-Op Credit Union (MN); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Co-Op Credit Union (MN) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%--IRA Deposit Account
1.15%*$10k*-Health Savings Account (HSA)
OTHER TIERS: 0.55% $10 - $2.5k | 0.90% $2.5k - $10k
0.75%--Share Savings
0.75%--Holiday Club
0.75%--Vacation Club
0.75%$25-WINcentive Savings

Co-Op Credit Union (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$50k*-Members Money Savings Account
OTHER TIERS: 0.65% $100 - $25k | 0.90% $25k - $50k

Co-Op Credit Union (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Premier Checking
0.15%--Member Advantage Checking

Co-Op Credit Union (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$1k-48 Month CD
2.15%$1k-36 Month CD
1.90%$1k-24 Month CD
1.50%$1k-18 Month CD
1.35%$1k-12 Month CD
0.80%$1k-6 Month CD

Co-Op Credit Union (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$1k-48 Month IRA CD
2.15%$1k-36 Month IRA CD
1.90%$1k-24 Month IRA CD
1.50%$1k-18 Month IRA CD
1.35%$1k-12 Month IRA CD
0.80%$1k-6 Month IRA CD
Locations


Co-Op Credit Union (MN) Locations
Branch Office1003 Saint Olaf Ave NCanby, MN 56220-1133
Branch Office1501 Minnesota AveBenson, MN 56215
Branch Office2201 1st St S Ste 101Willmar, MN 56201-4263
Branch Office2407 E Highway 7Montevideo, MN 56265-3151

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