Featured Savings Rates
Featured Accounts

Trades & Labor Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.25%1-year CD12 Month CD
0.10%SavingsTrust Account
0.35%2-year CD24 Month CD

Overview / Commentary
507-377-1863
610 S Broadway Ave
Albert Lea, MN 56007-4526

Trades & Labor Federal Credit Union is headquartered in ALBERT LEA and is the 88th largest credit union in the state of Minnesota. It is also the 4,174th largest credit union in the nation. It was established in 1958 and as of September of 2016, it had grown to 5 employees and 2,256 members at 1 location. Trades & Labor Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, volunteer, attend school or worship in the underserved area of Albert Lea, to members of all unions affiliated with Albert Lea Trades & Labor Assembly and to 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 - YTD1.17%
Return on Equity - YTD13.85%
Annual Interest Income$338.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$10.6MM$10.5MM
LoansQ3 2016vs Q3 2015$8.3MM$8.2MM
DepositsQ3 2016vs Q3 2015$9.7MM$9.7MM
Equity CapitalQ3 2016vs Q3 2015$895.00K$776.00K
Loan Loss AllowanceQ3 2016vs Q3 2015$43.00K$51.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$10.00K$6.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$4.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Trades & Labor Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$20k*-Preferred Shares
OTHER TIERS: 0.15% $2,500 - $20k
0.10%$100-Regular Shares
0.10%$100-Special Savings
0.10%$50-Trust Account
0.10%$50-Christmas Club Account
0.10%$25-IRA Savings

Trades & Labor Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Choice Checking

Trades & Labor Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$20k-24 Month Jumbo CD
0.35%$500-24 Month CD
0.35%$20k-12 Month Jumbo CD
0.25%$500-12 Month CD
0.25%$20k-6 Month Jumbo CD
0.15%$500-6 Month CD

Trades & Labor Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$20k-60 Month Jumbo IRA
0.55%$500-60 Month IRA
0.55%$20k-36 Month Jumbo IRA
0.45%$20k-24 Month Jumbo IRA
0.45%$500-36 Month IRA
0.35%$500-24 Month IRA
0.35%$20k-12 Month Jumbo IRA
0.25%$500-12 Month IRA
Locations


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