Featured Savings Rates
Featured Accounts

Otter Tail Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.50%1-year CD1 Year Savings Certificate
0.05%SavingsSecondary Share S2 Account
0.70%2-year CD24 Month Savings Certificate

Overview / Commentary
800-908-6466
413 W Stanton Ave
Fergus Falls, MN 56537-2505

Otter Tail Credit Union is headquartered in Fergus Falls and is the 79th largest credit union in the state of Minnesota. It is also the 3,686th largest credit union in the nation. It was established in 1954 and as of September of 2016, it had grown to 3 employees and 2,489 members at 2 locations. Otter Tail Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Fergus Falls, Minnesota and to those who live within a 12-mile radius of Fergus Falls. Membership is also open to employees of Otter Tail Power Company.
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Health
B
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Otter Tail Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #64343
Year Chartered1954
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.11%
Return on Equity - YTD1.4%
Annual Interest Income$246.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$16.4MM$15.1MM
LoansQ3 2016vs Q3 2015$4.9MM$4.8MM
DepositsQ3 2016vs Q3 2015$15.0MM$13.8MM
Equity CapitalQ3 2016vs Q3 2015$1.3MM$1.3MM
Loan Loss AllowanceQ3 2016vs Q3 2015$10.00K$14.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$0$15.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates
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Otter Tail Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Education IRA Savings Account
0.50%--IRA Savings Account
0.50%--Roth IRA Savings Account
0.10%--Power Savings Account
0.10%--Christmas Club Account
0.05%--Primary Share S1 Account
0.05%--Secondary Share S2 Account

Otter Tail Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%--24 Month Savings Certificate
0.60%--18 Month Savings Certificate
0.50%--1 Year Savings Certificate
0.45%--270 Day Savings Certificate
0.40%--180 Day Savings Certificate
0.35%--120 Day Savings Certificate
0.30%--90 Day Savings Certificate
0.20%--60 Day Savings Certificate

Otter Tail Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%--24 Month IRA Certificate
0.60%--18 Month IRA Certificate
0.50%--1 Year IRA Certificate
0.45%--270 Day IRA Certificate
0.40%--180 Day IRA Certificate
0.35%--120 Day IRA Certificate
0.30%--90 Day IRA Certificate
0.20%--60 Day IRA Certificate
Locations


Otter Tail Credit Union Locations
Branch Office413 W Stanton AveFergus Falls, MN 56537-2505
Branch Office217 Jefferson St NWadena, MN 56482-1370