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Minnesota Power Employees Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.mpecu.com
218-336-1800
30 W Superior St Ste 126
Duluth, MN 55802

Minnesota Power Employees Credit Union is headquartered in Duluth and is the 36th largest credit union in the state of Minnesota. It is also the 1,463rd largest credit union in the nation. It was established in 1933 and as of March of 2025, it had grown to 19 employees and 5,015 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

Reviews

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #60377
Year Chartered1933
Employees19
Primary Regulator
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD12.3%
Annual Interest Income$2MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$156.5MM$151.4MM
LoansQ1 2025vs Q1 2024$117.7MM$102.6MM
DepositsQ1 2025vs Q1 2024$122.1MM$113.9MM
Equity CapitalQ1 2025vs Q1 2024$17.2MM$14.8MM
Loan Loss AllowanceQ1 2025vs Q1 2024$1.2MM$837K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$209K$45K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates

Rates for Minnesota Power Employees Credit Union are currently being reviewed.

Locations


Minnesota Power Employees Credit Union Locations
Branch Office30 W Superior St Ste 126Duluth, MN 55802-2191
Branch Office3308 W Arrowhead RdDuluth, MN 55811
Branch Office1405 Miller Trunk HwyDuluth, MN 55811-5613

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