Expedition Credit Union is headquartered in Mendota Heights and is the 29th largest credit union in the state of Minnesota. It is also the 1,199th largest credit union in the nation. It was established in 1957 and as of September of 2024, it had grown to 30 employees and 17,032 members at 3 locations. Expedition Credit Union's CD rates are 5X the national average, and it has an A health rating.
Field of Membership Restrictions
Expedition Credit Union is open to anyone through joining the United Educators Foundation ($5 membership fee). Individuals who live, work, worship, attend school, or do business in the Minnesota counties of Anoka, Dakota, Hennepin, Ramsey or Washington also qualify. Membership is also open to members and employees of Education Minnesota, National Education Association field service employees in the state of Minnesota, Minnesota school staff and administrators who belong to their state or national organization, and School District 283 of St. Louis Park.
See current membership details
New Interface Challenging
Since launch of new name and new online interface, banking with this institution has become challenging. The new user interface is slower, but until recently has been serviceable. Without any changes on my end, the bill pay is now inaccessible on our joint account. Using multiple personal computers and even attempting access through the mobile app has proven fruitless. This has been "elevated" to some IT function about two weeks ago without any communication to me since notifying ECU about the issue. Calling in to attempt to get an update stalls at the customer service rep with no ability to speak with someone else, no ability to know what's being done, no evidence that anyone cares.
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62964 |
| Year Chartered | 1957 |
| Employees | 30 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.13% |
| Return on Equity - YTD | -1.35% |
| Annual Interest Income | $6.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $223MM$233.1MM |
| Loans | Q3 2024vs Q3 2023 | $128.4MM$141.7MM |
| Deposits | Q3 2024vs Q3 2023 | $198.7MM$195.1MM |
| Equity Capital | Q3 2024vs Q3 2023 | $20.6MM$17.2MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $391K$425K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $475K$434K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |