Overview / Commentary
Minnco Credit Union is headquartered in Cambridge and is the 13th largest credit union in the state of Minnesota. It is also the 710th largest credit union in the nation. It was established in 1935 and as of September of 2024, it had grown to 93 employees and 34,019 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
Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63639 |
| Year Chartered | 1935 |
| Employees | 93 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 8.18% |
| Annual Interest Income | $15.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $528.1MM$515.5MM |
| Loans | Q3 2024vs Q3 2023 | $333.3MM$325.7MM |
| Deposits | Q3 2024vs Q3 2023 | $474.1MM$461.4MM |
| Equity Capital | Q3 2024vs Q3 2023 | $39.1MM$27.1MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $1.5MM$1.4MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $2.5MM$914K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |