Featured Savings Rates
Featured Accounts

Novation Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.00%Reward CheckingIncentive Checking
0.90%5-year CD60 Month CD
0.10%1-year CD12 Month CD

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

Novation Credit Union is headquartered in Oakdale and is the 34th largest credit union in the state of Minnesota. It is also the 1,390th largest credit union in the nation. It was established in 1954 and as of September of 2016, it had grown to 28 employees and 13,594 members at 4 locations. Novation Credit Union 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.
See current membership details

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Health
A

Health Grade Components

Overall
NCUA #65063
Year Chartered1954
Employees28
Primary Regulator
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD6.87%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$121.6MM$111.3MM
LoansQ3 2016vs Q3 2015$103.4MM$92.5MM
DepositsQ3 2016vs Q3 2015$110.5MM$101.1MM
Equity CapitalQ3 2016vs Q3 2015$10.0MM$9.3MM
Loan Loss AllowanceQ3 2016vs Q3 2015$482.00K$440.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$203.00K$329.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$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.

Novation Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Primary Savings

Novation Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2,500-Money Market

Novation Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%-$25kIncentive Checking - Qualifying

Novation Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$500-60 Month CD
0.60%$500-48 Month CD
0.45%$500-36 Month CD
0.25%$500-24 Month CD
0.15%$500-18 Month CD
0.10%$500-12 Month CD

Novation Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$500-60 Month IRA
0.60%$500-48 Month IRA
0.45%$500-36 Month IRA
0.25%$500-24 Month IRA
0.15%$500-18 Month IRA
0.10%$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