Minnco Credit Union is headquartered in Cambridge and is the 13th largest credit union in the state of Minnesota. It is also the 717th largest credit union in the nation. It was established in 1935 and as of September of 2022, it had grown to 85 employees and 30,701 members at 7 locations. Minnco Credit Union has an A health rating.
Field of Membership Restrictions
Minnco Credit Union is open to those who live, work, volunteer, attend school or worship in Chisago, Isanti, Benton, Anoka, Sherburne, and Mille Lacs, Ramsey, Wright, Hennepin, Washington, Kanabec and Pine counties in Minnesota. 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 Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63639 |
| Year Chartered | 1935 |
| Employees | 85 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.08% |
| Return on Equity - YTD | 21.46% |
| Annual Interest Income | $8.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $505.4MM$452.9MM |
| Loans | Q3 2022vs Q3 2021 | $300.2MM$243.6MM |
| Deposits | Q3 2022vs Q3 2021 | $464.5MM$406.2MM |
| Equity Capital | Q3 2022vs Q3 2021 | $24.9MM$40.8MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $1.0MM$1.2MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $244.00K$413.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$211.00K |