Federated Employees Credit Union is headquartered in Owatonna and is the 56th largest credit union in the state of Minnesota. It is also the 2,476th largest credit union in the nation. It was established in 1934 and as of December of 2018, it had grown to 6 employees and 4,713 members at 2 locations. Federated Employees Credit Union's money market rates are 3X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Federated Employees Credit Union of Minnesota is open to the current and retired employees of the Federated Insurance Companies and their family members.
See current membership details
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64703 |
| Year Chartered | 1934 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 3.13% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $43.1MM$43.3MM |
| Loans | Q4 2018vs Q4 2017 | $28.3MM$24.2MM |
| Deposits | Q4 2018vs Q4 2017 | $36.3MM$36.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $6.7MM$6.5MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $100.00K$120.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $4.00K$0 |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Federated Employees Credit Union; 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.
Federated Employees Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.85% | $25 | - | Primary Share Account | |
| 0.85% | - | - | Christmas Club Saving Account | |
| 0.85% | - | - | Vacation Club Account | |
| 0.85% | - | - | Special Club Saving Account |
Federated Employees Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.26%* | $75k* | - | Money Market Account | ||
| OTHER TIERS: 0.85% → Up to $2.5k | 0.90% → $2.5k - $10k | 0.95% → $10k - $25k | 1.06% → $25k - $50k | 1.16% → $50k - $75k | |||||
Federated Employees Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.30% | - | - | Checking Account |
Federated Employees Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.57% | $1k | - | 60 Month CD | |
| 2.42% | $1k | - | 48 Month CD | |
| 2.02% | $1k | - | 36 Month CD | |
| 1.71% | $1k | - | 24 Month CD | |
| 1.51% | $1k | - | 12 Month CD | |
| 1.41% | $100 | - | 9 Month Kids Club CD | |
| 1.31% | $1k | - | 6 Month CD |
| Federated Employees Credit Union Locations | ||
|---|---|---|
| Branch Office | 1929 S Cedar Ave | Owatonna, MN 55060-4301 |
| Branch Office | 121 E Park Sq | Owatonna, MN 55060-3046 |