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Minnesota Power Employees Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.48%5-year CD60 Month CD
0.48%1-year CD12 Month CD
0.05%SavingsOrganizations

Overview / Commentary
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 40th largest credit union in the state of Minnesota. It is also the 1,625th largest credit union in the nation. It was established in 1933 and as of September of 2016, it had grown to 22 employees and 6,462 members at 3 locations. Minnesota Power Employees Credit Union has an A 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.
See current membership details

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Health
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 Chartered1933
Employees22
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD1.51%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$94.4MM$91.8MM
LoansQ3 2016vs Q3 2015$58.1MM$51.6MM
DepositsQ3 2016vs Q3 2015$78.4MM$76.2MM
Equity CapitalQ3 2016vs Q3 2015$15.6MM$15.2MM
Loan Loss AllowanceQ3 2016vs Q3 2015$180.00K$154.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$4.00K$15.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$54.00K
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Traditional IRA Share
OTHER TIERS: 0.10% Up to $25k
0.20%*$25k*-Roth IRA Share
OTHER TIERS: 0.10% Up to $25k
0.20%*$25k*-Roth Conversion IRA Share
OTHER TIERS: 0.10% Up to $25k
0.20%*$25k*-Education IRA Share
OTHER TIERS: 0.10% Up to $25k
0.20%*$75k*-Star Tiered Savings
OTHER TIERS: 0.10% $2,500 - $25k | 0.15% $25k - $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%--Cubby's "CUB CLUB"
0.05%--L.E.A.P. Club
0.05%--Christmas Club
0.05%--Organizations

Minnesota Power Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.48%*$75k*-60 Month CD
OTHER TIERS: 1.07% $500 - $2,500 | 1.27% $2,500 - $10k | 1.32% $10k - $25k | 1.37% $25k - $50k | 1.43% $50k - $75k
1.09%*$75k*-36 Month CD
OTHER TIERS: 0.69% $500 - $2,500 | 0.89% $2,500 - $10k | 0.94% $10k - $25k | 0.99% $25k - $50k | 1.04% $50k - $75k
0.76%*$75k*-24 Month CD
OTHER TIERS: 0.36% $500 - $2,500 | 0.56% $2,500 - $10k | 0.61% $10k - $25k | 0.66% $25k - $50k | 0.71% $50k - $75k
0.70%*$75k*-18 Month CD
OTHER TIERS: 0.30% $500 - $2,500 | 0.50% $2,500 - $10k | 0.55% $10k - $25k | 0.60% $25k - $50k | 0.65% $50k - $75k
0.48%*$75k*-12 Month CD
OTHER TIERS: 0.08% $500 - $2,500 | 0.28% $2,500 - $10k | 0.33% $10k - $25k | 0.38% $25k - $50k | 0.43% $50k - $75k
0.43%*$75k*-6 Month CD
OTHER TIERS: 0.03% $500 - $2,500 | 0.23% $2,500 - $10k | 0.28% $10k - $25k | 0.33% $25k - $50k | 0.38% $50k - $75k
0.40%*$75k*-3 Month CD
OTHER TIERS: 0.20% $2,500 - $10k | 0.25% $10k - $25k | 0.30% $25k - $50k | 0.35% $50k - $75k

Minnesota Power Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.48%*$75k*-60 Month IRA
OTHER TIERS: 1.07% $500 - $2,500 | 1.27% $2,500 - $10k | 1.32% $10k - $25k | 1.37% $25k - $50k | 1.43% $50k - $75k
1.48%*$75k*-60 Month CESA
OTHER TIERS: 1.07% $500 - $2,500 | 1.27% $2,500 - $10k | 1.32% $10k - $25k | 1.37% $25k - $50k | 1.43% $50k - $75k
1.09%*$75k*-36 Month IRA
OTHER TIERS: 0.69% $500 - $2,500 | 0.89% $2,500 - $10k | 0.94% $10k - $25k | 0.99% $25k - $50k | 1.04% $50k - $75k
1.09%*$75k*-36 Month CESA
OTHER TIERS: 0.69% $500 - $2,500 | 0.89% $2,500 - $10k | 0.94% $10k - $25k | 0.99% $25k - $50k | 1.04% $50k - $75k
0.76%*$75k*-24 Month IRA
OTHER TIERS: 0.36% $500 - $2,500 | 0.56% $2,500 - $10k | 0.61% $10k - $25k | 0.66% $25k - $50k | 0.71% $50k - $75k
0.76%*$75k*-24 Month CESA
OTHER TIERS: 0.36% $500 - $2,500 | 0.56% $2,500 - $10k | 0.61% $10k - $25k | 0.66% $25k - $50k | 0.71% $50k - $75k
0.70%*$75k*-18 Month IRA
OTHER TIERS: 0.30% $500 - $2,500 | 0.50% $2,500 - $10k | 0.55% $10k - $25k | 0.60% $25k - $50k | 0.65% $50k - $75k
0.70%*$75k*-18 Month CESA
OTHER TIERS: 0.30% $500 - $2,500 | 0.50% $2,500 - $10k | 0.55% $10k - $25k | 0.60% $25k - $50k | 0.65% $50k - $75k
0.48%*$75k*-12 Month IRA
OTHER TIERS: 0.08% $500 - $2,500 | 0.28% $2,500 - $10k | 0.33% $10k - $25k | 0.38% $25k - $50k | 0.43% $50k - $75k
0.48%*$75k*-12 Month CESA
OTHER TIERS: 0.08% $500 - $2,500 | 0.28% $2,500 - $10k | 0.33% $10k - $25k | 0.38% $25k - $50k | 0.43% $50k - $75k
0.43%*$75k*-6 Month IRA
OTHER TIERS: 0.03% $500 - $2,500 | 0.23% $2,500 - $10k | 0.28% $10k - $25k | 0.33% $25k - $50k | 0.38% $50k - $75k
0.43%*$75k*-6 Month CESA
OTHER TIERS: 0.03% $500 - $2,500 | 0.23% $2,500 - $10k | 0.28% $10k - $25k | 0.33% $25k - $50k | 0.38% $50k - $75k
0.40%*$75k*-3 Month IRA
OTHER TIERS: 0.20% $2,500 - $10k | 0.25% $10k - $25k | 0.30% $25k - $50k | 0.35% $50k - $75k
0.40%*$75k*-3 Month CESA
OTHER TIERS: 0.20% $2,500 - $10k | 0.25% $10k - $25k | 0.30% $25k - $50k | 0.35% $50k - $75k
Locations


Minnesota Power Employees Credit Union Locations
Branch Office4908 Miller Trunk HwyHermantown, MN 55811-1409
Branch Office30 W Superior St Ste 126Duluth, MN 55802-2191
Branch Office425 W Superior StDuluth, MN 55802