Minnesota Valley Federal Credit Union is headquartered in Mankato and is the 25th largest credit union in the state of Minnesota. It is also the 1,117th largest credit union in the nation. It was established in 1934 and as of September of 2020, it had grown to 31 employees and 16,040 members at 2 locations. Minnesota Valley Federal Credit Union has an A health rating.
Membership is open to those who live, work, worship, attend school, or volunteer in and businesses and other legal entities located in Blue Earth, Nicollet, or LeSueur counties; or have an immediate family member who is a member.
See current membership details
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.
Overall | |
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NCUA # | 19440 |
Year Chartered | 1934 |
Employees | 31 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 1.64% |
Return on Equity - YTD | 16.35% |
Annual Interest Income | $4.7MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $213.0MM$182.2MM |
Loans | Q3 2020vs Q3 2019 | $112.1MM$110.2MM |
Deposits | Q3 2020vs Q3 2019 | $191.1MM$163.5MM |
Equity Capital | Q3 2020vs Q3 2019 | $21.2MM$18.2MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $705.00K$506.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $659.00K$880.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Minnesota Valley Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.45%* | $250k* | - | Money Market Savings | ||
OTHER TIERS: 0.15% → Up to $40k | 0.25% → $40k - $70k | 0.35% → $70k - $100k | 0.40% → $100k - $250k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.75% | $500 | - | 48 Month CESA | |
0.75% | $500 | - | 48 Month IRA | |
0.60% | $500 | - | 30 Month IRA | |
0.50% | $500 | - | 18 Month IRA | |
0.45% | $500 | - | 12 Month CESA | |
0.45% | $500 | - | 12 Month IRA |
Minnesota Valley Federal Credit Union Locations | ||
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Branch Office | 100 Memorial View Ct | Mankato, MN 56001 |
Branch Office | 1640 Adams St | Mankato, MN 56001 |