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Overview / Commentary
4477 Lavaque Rd
Hermantown, MN 55811

Centricity 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. Centricity 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 Grade Components

Year Established1943
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
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Centricity Credit Union Savings Account Rates

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

Centricity Credit Union Money Market Rates

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

Centricity Credit Union CD Rates

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

Centricity Credit Union IRA Rates

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

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