Overview / Commentary
651-739-8080
500 Imperial Ave N
Oakdale, MN 55128-7151

Novation Credit Union is headquartered in Oakdale and is the 32nd largest credit union in the state of Minnesota. It is also the 1,282nd largest credit union in the nation. It was established in 1954 and as of September of 2018, it had grown to 27 employees and 14,791 members at 4 locations. Novation Credit Union's money market rates are 2X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to employees and retirees of 3M and to the community of McLeod County in Minnesota.
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Health

Health Grade Components

Overall
NCUA #65063
Year Chartered1954
Employees27
Primary Regulator
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD8.66%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$146.5MM$139.6MM
LoansQ3 2018vs Q3 2017$131.9MM$120.3MM
DepositsQ3 2018vs Q3 2017$133.3MM$127.2MM
Equity CapitalQ3 2018vs Q3 2017$12.0MM$11.0MM
Loan Loss AllowanceQ3 2018vs Q3 2017$374.00K$329.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$374.00K$416.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Novation 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.

Novation Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$5-Primary Savings

Novation Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$75k*-Money Market
OTHER TIERS: 0.50% $2.5k - $75k

Novation Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%-$25kIncentive Checking - Qualifying

Novation Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$500-13 Month CD Special
1.25%$500-36 Month CD
1.00%$500-24 Month CD
0.75%$500-12 Month CD

Novation Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$500-13 Month IRA Special
1.25%$500-36 Month IRA
1.00%$500-24 Month IRA
0.75%$500-12 Month IRA
Locations


Novation Credit Union Locations
Branch Office45 Hassan St SEHutchinson, MN 55350
Branch Office500 Imperial Ave NOakdale, MN 55128-7151
Branch Office3M Bldg 222 2501 Hudson RoadMaplewood, MN 55144-0001
Branch Office3M Bldg 275 2501 Hudson RdMaplewood, MN 55144-0001

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