Members Cooperative Credit Union is headquartered in Duluth and is the 9th largest credit union in the state of Minnesota. It is also the 378th largest credit union in the nation. It was established in 1936 and as of June of 2023, it had grown to 239 employees and 52,822 members at 13 locations. Members Cooperative Credit Union's CD rates are 100% higher than the national average, and it has a B+ health rating.
Members Cooperative Credit Union is open to businesses and other legal entities, and anyone who lives, works, worships, or attends school in the Minnesota counties of Aitkin, Anoka, Beltrami, Carlton, Cass, Chisago, Cook, Crow Wing, Isanti, Itasca, Kanabec, Koochiching, Lake, Mille Lacs, Pine, St. Louis, or Washington, or Douglas County, Wisconsin. Relatives of current Members Cooperative Credit Union members also qualify for membership.
See current membership details
Banking at MCCU has been a great experience. I have been a member for over a year and they always have the best customer service. I love banking locally as any time I have a question or need assistance they are always happy to help and easy to get a hold of. Not only does MCCU offer great customer service, they also offer competitive rates on their investment products and low rates on their loans. An added plus is their convenient online/mobile banking services which allow me to easily manage my accounts anytime or anywhere.
Overall | |
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NCUA # | 60216 |
Year Chartered | 1936 |
Employees | 239 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.04% |
Return on Equity - YTD | 0.5% |
Annual Interest Income | $22.1MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $1.19B$1.09B |
Loans | Q2 2023vs Q2 2022 | $927.4MM$817.8MM |
Deposits | Q2 2023vs Q2 2022 | $967.3MM$946.4MM |
Equity Capital | Q2 2023vs Q2 2022 | $99.7MM$101.7MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$3.1MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $8.6MM$3.7MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Members Cooperative 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $2.5k | - | Preferred Checking | |
0.05% | $2.5k | - | EcoChoice Checking |