Melrose, MN 56352

Notable Rates APY Vs.Others
Savings 0.05% 2.30% →
1-Year CD 1.30% 2.25% →
2-Year CD 1.75% 2.50% →
5-Year CD 2.15% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Credit Union Information

Central Minnesota is an NCUA insured institution located in Melrose, MN. It was founded in 1939 and has approximately $1165.98 millions in assets.

Who can join?

Central Minnesota Credit Union membership is open to persons who live, work, worship, volunteer, or attend school in and businesses and other legal entities in the following Minnesota Counties: Becker, Benton, Clay, Douglas, Grant, Kandiyohi, Meeker, Morrison, Otter Tail, Pope, Sherburne, Stearns, Todd, Wadena, Wilkin, Wright; North Dakota Counties: Cass and Richland.

Blood relatives of regularly qualified credit union members are also eligible to join.

NCUA Insured Yes
Charter Number # # 68604
Date Established 1939
Assets $1,165.98 million
Loans $941.58 million
Deposits $932.91 million
Capital $177.11 million

Field of Membership Restrictions

Membership in Central Minnesota Credit Union is open to those who live, work, attend school or worship in Becker, Benton, Clay, Douglas, Grant, Kandiyohi, Meeker, Morrison, Otter Tail, Pope, Sherburne, Stearns, Todd, Wadena, Wilkin, and Wright Counties in Minnesota or in Cass and Richland Counties in North Dakota.

Deposit Rates - December 11, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.30% $2,500 $9,999 Learn MoreShow Less
Money Market
0.35% $10,000 $24,999 Learn MoreShow Less
Money Market
0.40% $25,000 $49,999 Learn MoreShow Less
1.30% $500 $24,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.30% $500 $24,999 Learn MoreShow Less
0.80% $500 $24,999 Learn MoreShow Less
1.30% $500 $24,999 Learn MoreShow Less
1.30% $500 $24,999 Learn MoreShow Less
1.75% $500 $24,999 Learn MoreShow Less
1.85% $500 $24,999 Learn MoreShow Less
2.00% $500 $24,999 Learn MoreShow Less
2.15% $500 $24,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.20% $1 $2,499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 $4,999 Learn MoreShow Less

Loan Rates - December 11, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for CENTRAL MINNESOTA

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
3.625% 3.625% -0.13 ($362) $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Atlantic Union Bank
Atlantic Union Bank
4.750 %
$15,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

To upload and update your bank's rates please register. It is free to register and add rates.


Below are Central Minnesota branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Central Minnesota Locations

Financial Details

Central Minnesota Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Central Minnesota. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Central Minnesota U.S. Average
2.84% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Central Minnesota had $3,894,267 in non-current loans and $1,346,608 in owned assets. To cover these potential losses it had $177,108,360 in net worth and $7,193,591 in loans loss reserves. That gives it a Texas Ratio of 2.84%.

Net Worth
Central Minnesota U.S. Average
15.18% 13.65%

Central Minnesota FCU has a net worth of 15.18% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Central Minnesota

Branches and Savings

What is Central Minnesota?

A federal credit union, registered with the NCUA under certificate #68604.
Learn more about credit unions here.

Is Central Minnesota FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Central Minnesota?

Please see Field of Membership information above for information on who is eligible to join.

What are Central Minnesota's share account and share certificate rates?

Central Minnesota's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Central Minnesota?

Central Minnesota has total capital of $177.11 million. Full information on Central Minnesota's financial position is located above.

Who owns Central Minnesota?

Credit Unions are owned by their members.

Where are Central Minnesota branches located?

See branch locations nearby.

Are Central Minnesota ATMs Open 24/7?

Do Central Minnesota ATMs accept cash deposits?

Can Central Minnesota customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Central Minnesota have a mobile app?

Does Central Minnesota have mobile deposit?

Does Central Minnesota have quick pay?

How can Central Minnesota transfer money to other banks or credit unions?

Does Central Minnesota report to credit bureaus?

Does Central Minnesota use Chexsystems?

Does Central Minnesota use Equifax?

What is Central Minnesota's toll free phone number?

What is Central Minnesota's ACH Routing Number?

What is Central Minnesota's SWIFT code?

Where can I find Central Minnesota's wire transfer form?

What is the Central Minnesota address for deposits?

What Products Does Central Minnesota Offer

Does Central Minnesota offer mortgages?

Compare mortgage rates here.

Does Central Minnesota offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Central Minnesota offer auto and RV loans?

Compare auto loan rates here.

Does Central Minnesota offer student loans or personal loans?

Compare personal loan rates here.

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