Minnesota Power Employees Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
1.75%5-year CD
0.65%1-year CD
0.05%Savings
View all Minnesota Power Employees Credit Union rates »

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 43rd largest credit union in the state of Minnesota. It is also the 1,617th 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.
See current membership details

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Health
B+
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
Employees21
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD1.62%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$99.4MM$94.0MM
LoansQ4 2018vs Q4 2017$66.2MM$57.2MM
DepositsQ4 2018vs Q4 2017$77.0MM$77.8MM
Equity CapitalQ4 2018vs Q4 2017$16.0MM$15.8MM
Loan Loss AllowanceQ4 2018vs Q4 2017$210.00K$161.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$296.00K$15.00K
Real Estate OwnedQ4 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Share Draft Checking

Minnesota Power Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Office4908 Miller Trunk HwyHermantown, MN 55811-1409
Branch Office30 W Superior St Ste 126Duluth, MN 55802-2191
Branch Office425 W Superior StDuluth, MN 55802
Branch Office3308 W Arrowhead RdDuluth, MN 55811

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