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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 84th largest credit union in the state of Minnesota. It is also the 4,016th largest credit union in the nation. It was established in 1958 and as of June of 2017, it had grown to 5 employees and 2,314 members at 1 location. Trades & Labor Federal Credit Union has a B 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.
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Health
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 - YTD1.58%
Return on Equity - YTD18.06%
Annual Interest Income$251.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$11.9MM$10.6MM
LoansQ2 2017vs Q2 2016$8.7MM$8.2MM
DepositsQ2 2017vs Q2 2016$10.9MM$9.7MM
Equity CapitalQ2 2017vs Q2 2016$1.0MM$849.00K
Loan Loss AllowanceQ2 2017vs Q2 2016$34.00K$49.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$21.00K$13.00K
Real Estate OwnedQ2 2017vs Q2 2016$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.

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%$300-Regular Shares
0.10%$300-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%$500-Choice Checking

Trades & Labor Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$50k-24 Month Jumbo CD
0.70%$500-24 Month CD
0.60%$50k-12 Month Jumbo CD
0.50%$500-12 Month CD
0.40%$50k-6 Month Jumbo CD
0.30%$500-6 Month CD

Trades & Labor Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$50k-60 Month Jumbo IRA
1.00%$500-60 Month IRA
1.00%$50k-36 Month Jumbo IRA
0.90%$500-36 Month IRA
0.80%$50k-24 Month Jumbo IRA
0.70%$500-24 Month IRA
0.60%$50k-12 Month Jumbo IRA
0.50%$500-12 Month IRA
Locations


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