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Overview / Commentary
218-262-1607
2540 E Beltline Ste 1
Hibbing, MN 55746

Minnesota Ore Operations Employees Credit Union is headquartered in HIBBING and is the 94th largest credit union in the state of Minnesota. It is also the 4,432nd largest credit union in the nation. It was established in 1953 and as of June of 2017, it had grown to 1 employees and 1,047 members at 1 location. Minnesota Ore Operations Employees Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to employees of U.S. Steel Minnesota Ore Operations and members of IBEW Local Union 294 of Hibbing.
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Health
C+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Minnesota Ore Operations Employees Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #64325
Year Chartered1953
Employees1
Primary Regulator
Profit Margin
Return on Assets - YTD0.02%
Return on Equity - YTD0.13%
Annual Interest Income$91.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$7.9MM$8.2MM
LoansQ2 2017vs Q2 2016$2.1MM$2.2MM
DepositsQ2 2017vs Q2 2016$6.4MM$6.7MM
Equity CapitalQ2 2017vs Q2 2016$1.5MM$1.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$5.00K$5.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$0$0
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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Minnesota Ore Operations Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Share Savings
Locations


Minnesota Ore Operations Employees Credit Union Locations
Branch Office2540 E Beltline Ste 1HIBBING, MN 55746-2306