Co-op Credit Union Of Montevideo
Headquarters
Po Box 447
Montevideo, MN 56265
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2024 Overview
General Credit Union Information
Co-op Credit Union Of Montevideo is an NCUA insured institution located in Montevideo, MN. It was founded in 1940 and has approximately $359.05 millions in assets.
Who can join?
Persons who live, work, worship or attend school in, and businesses and other legal entities located within Swift, Lac qui Parle, Chippewa, Kandiyohi, Yellow Medicine, Renville, Lincoln and Lyon counties in Minnesota are eligible to join.
In addition to a regularly qualified member, the spouse of a member, the blood or adoptive relatives of either of them, and their spouses, may also become members.
Members, stockholders or employees of the follow may join the union:
• Farmers Union Oil Company of Montevideo
• Minnesota Valley Co-op Light & Power Association
• Western Co-op Transport Association of Montevideo
• Farmers Co-op Oil Company, Clara City
• Farmers Co-op Elevator Association, Canby
• Farmers Co-op Association, Canby
• Residents of Sparta Township, Chippewa County, Minnesota
• Live or work in Benson School District #777
• All of Canby, Minnesota
Employees of the follow may become members:
• Mid-Continent Cabinetry, Inc.
• Prairie Correctional Facility, Appleton, MN
• Micro Dynamics Corporation
• the Co-op Credit Union of Montevideo
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 62419 |
| Date Established | 1940 |
| Assets | $359.05 million |
| Loans | $233.81 million |
| Deposits | $298.91 million |
| Capital | $51.53 million |
Field of Membership Restrictions
CO-OP CU of Montevideo is open to businesses, accredited institutions, anyone that is a resident, works, church members and registered students in these Minnesota Counties; Swift, Lac qui Parle, Chippewa, Kandiyohi, Yellow Medicine, Renville, Lincoln, and Lyon, as well as the employees, members, and stockholders of the site listed CU-affiliated companies, SEG's, and organizations. Membership eligibility also extends to include the family members of these eligible members.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.40% | $2,500 | $4,999 |
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|
|
Money Market
|
0.35% | $2,500 | $2,999 |
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|
|
Money Market
|
0.35% | $10,000 | $14,999 |
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|
|
Money Market
|
0.50% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
1.10% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
1.25% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.30% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.30% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.45% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.45% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.55% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.55% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.15% | $1 | $99 | Learn More |
| Int Ckg
|
0.15% | $2,500 | $3,499 | Learn More |
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Co-op Credit Union Of Montevideo
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2059741 |
7.018% | 6.875% | 0.88 | $4,672 | $2,103 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More | |||||
NMLS ID: 491986 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Co-op Credit Union Of Montevideo
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Branches
Below are Co-op Credit Union Of Montevideo 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:
Columbus,Ohio
Climate Policy and Initiatives
CO-OP CREDIT UNION OF MONTEVIDEO is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Co-op Credit Union Of Montevideo Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Co-op Credit Union Of Montevideo. 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
| Co-op Credit Union Of Montevideo | U.S. Average |
|---|---|
| 4.24% | 6.97 |
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 December 31, 2023, Co-op Credit Union Of Montevideo had $2,320,258 in non-current loans and $64,870 in owned assets. To cover these potential losses it had $51,526,380 in net worth and $4,744,224 in loans loss reserves. That gives it a Texas Ratio of 4.24%.
Net Worth
| Co-op Credit Union Of Montevideo | U.S. Average |
|---|---|
| 14.35% | 13.62% |
Co-op Credit Union Of Montevideo FCU has a net worth of 14.35% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Co-op Credit Union Of Montevideo
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