Minnesota Power Employees Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
1.75%	5-year CD	3.10% - Barclays 60 Month Online CD
0.65%	1-year CD	2.75% - Barclays 12 Month Online CD
0.05%	Savings	0.27% - National Average

View all Minnesota Power Employees Credit Union rates »

Overview / Commentary

www.mpecu.com

218-336-1800

30 W Superior St Ste 126
Duluth, MN 55802-2191

Minnesota Power Employees Credit Union is headquartered in Duluth and is the 43^rd largest credit union in the state of Minnesota. It is also the 1,617^th largest credit union in the nation. It was established in 1933 and as of December of 2018, it had grown to 21 employees and 6,236 members at 4 locations. Minnesota Power Employees Credit Union's savings rates are 15% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of Minnesota Power Inc., Superior Water, Light and Power, ALLETE Inc., ALLETE Properties, ALLETE Clean Energy, ALLETE Investors, BNI Coal, AT&T, AH Zeppa Family Foundation, CenturyLink, Cirrus, Como Oil & Propane, Consolidated Communications, Duluth News Tribune, CW Technology, Enbridge Inc., LHB, Maurice's, Physio-Control Data Solutions, Stewart Taylor Printing Company, Zeigeist Arts.
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Health

B+

Data as of Q4 2018

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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 Power Employees Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	60377
Year Chartered	1933
Employees	21
Primary Regulator

Profit Margin
Return on Assets - YTD	0.26%
Return on Equity - YTD	1.62%
Annual Interest Income	$3.4MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$99.4MM$94.0MM
Loans	Q4 2018vs Q4 2017	$66.2MM$57.2MM
Deposits	Q4 2018vs Q4 2017	$77.0MM$77.8MM
Equity Capital	Q4 2018vs Q4 2017	$16.0MM$15.8MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$210.00K$161.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$296.00K$15.00K
Real Estate Owned	Q4 2018vs Q4 2017	$160.00K$0

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Minnesota Power Employees Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%^*	$75k^*	-	Star Tiered Savings
OTHER TIERS: 0.35% → $2.5k - $10k \| 0.40% → $10k - $25k \| 0.50% → $25k - $50k \| 0.55% → $50k - $75k
0.20%^*	$25k^*	-	Health Savings Account
OTHER TIERS: 0.10% → Up to $25k
0.20%^*	$25k^*	-	IRA Passbook Savings
OTHER TIERS: 0.10% → Up to $25k
0.05%	-	-	Primary Shares
0.05%	-	-	Special Shares
0.05%	$10	-	Cubby's "CUB CLUB"
0.05%	$10	-	L.E.A.P. Club
0.05%	$10	-	Christmas Club
0.05%	-	-	Organizations

Minnesota Power Employees Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Share Draft Checking

Minnesota Power Employees Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.75%^*	$75k^*	-	60 Month CD
OTHER TIERS: 1.34% → $500 - $2.5k \| 1.55% → $2.5k - $10k \| 1.60% → $10k - $25k \| 1.65% → $25k - $50k \| 1.70% → $50k - $75k
1.52%^*	$75k^*	-	36 Month CD
OTHER TIERS: 1.11% → $500 - $2.5k \| 1.31% → $2.5k - $10k \| 1.36% → $10k - $25k \| 1.41% → $25k - $50k \| 1.47% → $50k - $75k
1.14%^*	$75k^*	-	18 Month CD
OTHER TIERS: 0.74% → $500 - $2.5k \| 0.94% → $2.5k - $10k \| 0.99% → $10k - $25k \| 1.04% → $25k - $50k \| 1.09% → $50k - $75k
1.14%^*	$75k^*	-	24 Month CD
OTHER TIERS: 0.74% → $500 - $2.5k \| 0.94% → $2.5k - $10k \| 0.99% → $10k - $25k \| 1.04% → $25k - $50k \| 1.09% → $50k - $75k
0.65%^*	$75k^*	-	12 Month CD
OTHER TIERS: 0.25% → $500 - $2.5k \| 0.45% → $2.5k - $10k \| 0.50% → $10k - $25k \| 0.55% → $25k - $50k \| 0.60% → $50k - $75k
0.53%^*	$75k^*	-	6 Month CD
OTHER TIERS: 0.13% → $500 - $2.5k \| 0.33% → $2.5k - $10k \| 0.38% → $10k - $25k \| 0.43% → $25k - $50k \| 0.48% → $50k - $75k
0.40%^*	$75k^*	-	3 Month CD
OTHER TIERS: 0.20% → $2.5k - $10k \| 0.25% → $10k - $25k \| 0.30% → $25k - $50k \| 0.35% → $50k - $75k

Minnesota Power Employees Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.75%^*	$75k^*	-	60 Month IRA
OTHER TIERS: 1.34% → $500 - $2.5k \| 1.55% → $2.5k - $10k \| 1.60% → $10k - $25k \| 1.65% → $25k - $50k \| 1.70% → $50k - $75k
1.52%^*	$75k^*	-	36 Month IRA
OTHER TIERS: 1.11% → $500 - $2.5k \| 1.31% → $2.5k - $10k \| 1.36% → $10k - $25k \| 1.41% → $25k - $50k \| 1.47% → $50k - $75k
1.14%^*	$75k^*	-	18 Month IRA
OTHER TIERS: 0.74% → $500 - $2.5k \| 0.94% → $2.5k - $10k \| 0.99% → $10k - $25k \| 1.04% → $25k - $50k \| 1.09% → $50k - $75k
1.14%^*	$75k^*	-	24 Month IRA
OTHER TIERS: 0.74% → $500 - $2.5k \| 0.94% → $2.5k - $10k \| 0.99% → $10k - $25k \| 1.04% → $25k - $50k \| 1.09% → $50k - $75k
0.65%^*	$75k^*	-	12 Month IRA
OTHER TIERS: 0.25% → $500 - $2.5k \| 0.45% → $2.5k - $10k \| 0.50% → $10k - $25k \| 0.55% → $25k - $50k \| 0.60% → $50k - $75k
0.53%^*	$75k^*	-	6 Month IRA
OTHER TIERS: 0.13% → $500 - $2.5k \| 0.33% → $2.5k - $10k \| 0.38% → $10k - $25k \| 0.43% → $25k - $50k \| 0.48% → $50k - $75k
0.40%^*	$75k^*	-	3 Month IRA
OTHER TIERS: 0.20% → $2.5k - $10k \| 0.25% → $10k - $25k \| 0.30% → $25k - $50k \| 0.35% → $50k - $75k

Locations

Minnesota Power Employees Credit Union Locations
Branch Office	4908 Miller Trunk Hwy	Hermantown, MN 55811-1409
Branch Office	30 W Superior St Ste 126	Duluth, MN 55802-2191
Branch Office	425 W Superior St	Duluth, MN 55802
Branch Office	3308 W Arrowhead Rd	Duluth, MN 55811

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