Featured Savings Rates
Featured Accounts

Hermantown Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.35%1-year CD1 Year Share Certificate
0.10%SavingsShare Savings Account
1.05%4-year CD4 Year Share Certificate

Overview / Commentary
888-765-3683
4477 Lavaque Rd
Hermantown, MN 55811

Hermantown Federal Credit Union is headquartered in Hermantown and is the 30th largest credit union in the state of Minnesota. It is also the 1,295th largest credit union in the nation. It was established in 1943 and as of June of 2017, it had grown to 44 employees and 16,876 members at 3 locations. Hermantown Federal 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

Health Grade Components

Overall
NCUA #5023
Year Chartered1943
Employees44
Primary Regulator
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD6.39%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$140.3MM$130.4MM
LoansQ2 2017vs Q2 2016$98.4MM$89.9MM
DepositsQ2 2017vs Q2 2016$124.7MM$116.3MM
Equity CapitalQ2 2017vs Q2 2016$14.9MM$13.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$1.3MM$1.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$1.0MM$547.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Hermantown Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$50-IRA Savings Account
0.50%$50-Roth IRA Savings Account
0.50%$50-Education IRA Savings Account
0.10%$25-Share Savings Account

Hermantown Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-Money Market Savings Account
OTHER TIERS: 0.10% $2,500 - $25k | 0.15% $25k - $50k

Hermantown Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%$1k-4 Year Relationship Share Certificate
1.05%$1k-4 Year Share Certificate
0.91%$1k-3 Year Relationship Share Certificate
0.90%$1k-3 Year Share Certificate
0.66%$1k-2 Year Relationship Share Certificate
0.65%$1k-2 Year Share Certificate
0.35%$1k-1 Year Share Certificate
0.35%$1k-1 Year Relationship Share Certificate
0.15%$1k-6 Month Share Certificate
0.15%$1k-6 Month Relationship Share Certificate

Hermantown Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$1k-4 Year IRA Share Certificate
0.90%$1k-3 Year IRA Share Certificate
0.65%$1k-2 Year IRA Share Certificate
0.35%$1k-1 Year IRA Share Certificate
0.15%$1k-6 Month IRA Share Certificate
Locations


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