Minnesota Valley Federal Credit Union

Overview / Commentary
1640 Adams St
Mankato, MN 56001

Minnesota Valley Federal Credit Union is headquartered in Mankato and is the 26th largest credit union in the state of Minnesota. It is also the 1,098th largest credit union in the nation. It was established in 1934 and as of September of 2021, it had grown to 30 employees and 16,283 members at 3 locations. Minnesota Valley Federal Credit Union's money market rates are 25% higher than the national average, and it 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, LeSueur, Nicollet, or Waseca; businesses and other legal entities located in those four 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 Grade Components

NCUA #19440
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD1.65%
Return on Equity - YTD16.08%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$246.4MM$213.0MM
LoansQ3 2021vs Q3 2020$111.5MM$112.1MM
DepositsQ3 2021vs Q3 2020$220.7MM$191.1MM
Equity CapitalQ3 2021vs Q3 2020$25.1MM$21.2MM
Loan Loss AllowanceQ3 2021vs Q3 2020$679.00K$705.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$468.00K$659.00K
Real Estate OwnedQ3 2021vs Q3 2020$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Minnesota Valley Federal Credit Union Savings Account Rates

0.50%*-$5kKids Club
OTHER TIERS: 0.15% $5k+
0.50%--Holiday Club
0.50%--Vacation Club
0.50%--IRA Savings
0.50%--Coverdell (Educational) IRA Savings
0.50%--Roth IRA Savings
0.35%--Health Savings Account
0.15%$5-Share Savings
0.15%--Special Savings

Minnesota Valley Federal Credit Union Money Market Rates

0.55%*$250k*-Money Market Savings
OTHER TIERS: 0.15% Up to $1k | 0.16% $1k - $5k | 0.17% $5k - $10k | 0.18% $10k - $20k | 0.20% $20k - $40k | 0.25% $40k - $70k | 0.35% $70k - $100k | 0.50% $100k - $250k

Minnesota Valley Federal Credit Union CD Rates

1.21%$500-5 Year CD
1.21%$500-6 Year Triple Play CD
1.10%$500-4 Year CD
1.00%$500-4 Year Triple Play CD
0.95%$500-3 Year CD
0.85%$500-30 Month CD
0.75%$500-2 Year CD
0.65%$500-2 Year Triple Play CD
0.60%$500-18 Month CD
0.50%$500-1 Year CD
0.35%$500-9 Month CD
0.30%$500-6 Month CD
0.25%$500-3 Month CD

Minnesota Valley Federal Credit Union IRA Rates

1.21%$500-48 Month CESA
1.21%$500-48 Month IRA
0.95%$500-30 Month IRA
0.70%$500-18 Month IRA
0.60%$500-12 Month IRA
0.50%$500-12 Month CESA

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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