Members Cooperative Credit Union is headquartered in Duluth and is the 9th largest credit union in the state of Minnesota. It is also the 392nd largest credit union in the nation. It was established in 1936 and as of March of 2022, it had grown to 234 employees and 53,072 members at 13 locations. Members Cooperative Credit Union has an A health rating.
Members Cooperative Credit Union is open to businesses, other legal entities, and anyone who attends school, lives, worships, or works in the following Minnesota counties: Washington, Carlton, Aitkin, Cass, Cook, Chisago, Crow Wing, Itasca, Isanti, Koochiching, Kanabec, Lake, St. Louis, or Pine. Eligibility is also extended to past and present employees of MCCU and their family members.
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.
|Return on Assets - YTD||-0.07%|
|Return on Equity - YTD||-0.73%|
|Annual Interest Income||$8.0MM|
|Assets and Liabilities|
|Assets||Q1 2022vs Q1 2021||$1.08B$986.8MM|
|Loans||Q1 2022vs Q1 2021||$763.4MM$639.9MM|
|Deposits||Q1 2022vs Q1 2021||$952.1MM$858.2MM|
|Equity Capital||Q1 2022vs Q1 2021||$104.4MM$104.6MM|
|Loan Loss Allowance||Q1 2022vs Q1 2021||$3.5MM$3.3MM|
|Unbacked Noncurrent Loans||Q1 2022vs Q1 2021||$2.9MM$4.6MM|
|Real Estate Owned||Q1 2022vs Q1 2021||$0$412.00K|
Rates for Members Cooperative Credit Union are currently being reviewed.