Minnco Credit Union is headquartered in Cambridge and is the 14th largest credit union in the state of Minnesota. It is also the 713th largest credit union in the nation. It was established in 1935 and as of June of 2023, it had grown to 93 employees and 31,961 members at 7 locations. Minnco Credit Union has a B+ health rating.
Field of Membership Restrictions
Minnco Credit Union is open to those who live, work, worship, attend school, or volunteer in the Minnesota counties of Chisago, Isanti, Benton, Anoka, Sherburne, and Mille Lacs, Ramsey, Wright, Hennepin, Washington, Kanabec, or Pine. Membership is also open to members of Federated Co-ops, Inc.
See current membership details
Minnco Credit Union!!
My Cambridge Cub Credit Union Team rocks! The customer service is unbeatable and will go the extra mile for me. I am so happy I switched! Thank you Minnco!
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63639 |
| Year Chartered | 1935 |
| Employees | 93 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.72% |
| Return on Equity - YTD | 12.9% |
| Annual Interest Income | $8.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $511.3MM$480.1MM |
| Loans | Q2 2023vs Q2 2022 | $325.9MM$277.9MM |
| Deposits | Q2 2023vs Q2 2022 | $453.3MM$445.3MM |
| Equity Capital | Q2 2023vs Q2 2022 | $28.5MM$28.6MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$1.1MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $976.00K$365.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |