Minnesota Valley Federal Credit Union


Overview / Commentary
507-387-3055
1640 Adams St
Mankato, MN 56001

Minnesota Valley Federal Credit Union is headquartered in Mankato and is the 20th largest credit union in the state of Minnesota. It is also the 1,040th largest credit union in the nation. It was established in 1934 and as of March of 2024, it had grown to 30 employees and 17,973 members at 3 locations. Minnesota Valley Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Minnesota Valley Federal Credit Union is open to those who live, work, worship, attend school, or volunteer in the Minnesota counties of Blue Earth, Brown, LeSueur, Nicollet, Waseca, or Watonwan; businesses and other legal entities located in those six counties also qualify. Immediate family members of a current credit union member are eligible to join.
See current membership details

Reviews (1)

Happy Members

My family and I really do like Minnesota Valley. We've been members for many years as have many of my friends and coworkers. They really listen. Loan rates are low, savings rates high and virtually no fees. Great mortgage loans, too. I believe they've been voted Best Bank or Credit Union in the Greater Mankato Area 3 or 4 years in a row and there's a lot of financials. Check them out. You will be a loyal part owner of this caring coop like us! They even pay a coop patronage dividend and with their shared branching like 6000 locations and a nationwide free ATM network everywhere you look. Thanks Minnesota Valley.



Health

Health Grade Components

Overall
NCUA #19440
Year Chartered1934
Employees30
Primary Regulator
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD8.51%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$292.1MM$287.2MM
LoansQ1 2024vs Q1 2023$143.9MM$133.2MM
DepositsQ1 2024vs Q1 2023$261.4MM$257.7MM
Equity CapitalQ1 2024vs Q1 2023$31.1MM$29MM
Loan Loss AllowanceQ1 2024vs Q1 2023$821K$758K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$723K$230K
Real Estate OwnedQ1 2024vs Q1 2023$0$60K
Rates

Rates for Minnesota Valley Federal Credit Union are currently being reviewed.

Locations


Minnesota Valley Federal Credit Union Locations
Branch Office100 Memorial View CtMankato, MN 56001
Branch Office1640 Adams StMankato, MN 56001
Branch Office208 N Broad StMankato, MN 56001

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