Trades & Labor Federal Credit Union


Overview / Commentary
507-377-1863
610 S Broadway Ave
Albert Lea, MN 56007-4572

Trades & Labor Federal Credit Union is headquartered in ALBERT LEA and is the 64th largest credit union in the state of Minnesota. It is also the 3,165th largest credit union in the nation. It was established in 1958 and as of March of 2025, it had grown to 5 employees and 2,308 members at 1 location. Trades & Labor Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Trades & Labor Federal Credit Union is open to: (1) those who live, work, volunteer, attend school or worship in the under-served area of Albert Lea; (2) members of all unions affiliated with Albert Lea Trades & Labor Assembly; and (3) employees of Mayo Clinic Health System, Fountain Industries, Cargill Meat SOL and over 10 local Select Employer Groups.
See current membership details

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Health
C+
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. Trades & Labor Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #24674
Year Chartered1958
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD2.21%
Return on Equity - YTD15.15%
Annual Interest Income$292K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$21.6MM$21.7MM
LoansQ1 2025vs Q1 2024$14.9MM$15.3MM
DepositsQ1 2025vs Q1 2024$18.4MM$18.9MM
Equity CapitalQ1 2025vs Q1 2024$3.1MM$2.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$37K$79K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$208K$22K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


Trades & Labor Federal Credit Union Locations
Branch Office610 S BROADWAY AVEALBERT LEA, MN 56007-4526

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