Co-op Credit Union Of Montevideo

Headquarters

Po Box 447
Montevideo, MN 56265
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.40% 2.55% →
1-Year CD 1.10% 2.80% →
2-Year CD 1.30% 3.20% →
5-Year CD N.A. 3.65% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 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 $350.63 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 $350.63 million
Loans $182.19 million
Deposits $301.05 million
Capital $44.06 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 - August 13, 2022

Your Current Location: California, CA 92111

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.40% $2,500 $4,999 Learn More
Money Market
0.35% $2,500 $2,999 Learn More
Money Market
0.35% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.60% $10,000 $14,999 Learn More
6 Mo CD
0.60% $100,000 $199,999 Learn More
12 Mo CD
1.10% $10,000 $14,999 Learn More
12 Mo CD
1.10% $100,000 $199,999 Learn More
18 Mo CD
1.25% $10,000 $14,999 Learn More
18 Mo CD
1.25% $100,000 $199,999 Learn More
24 Mo CD
1.30% $10,000 $14,999 Learn More
24 Mo CD
1.30% $100,000 $199,999 Learn More
36 Mo CD
1.45% $10,000 $14,999 Learn More
36 Mo CD
1.45% $100,000 $199,999 Learn More
48 Mo CD
1.55% $10,000 $14,999 Learn More
48 Mo CD
1.55% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 $99 Learn MoreShow Less
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 13, 2022

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Choicelend Mortgage
NMLS ID: 292770
License#: 01739645
4.455% 4.375% 1.00 $2,358 $1,249 Learn More
JWH Financial, Inc
NMLS ID: 1433621
4.637% 4.500% 0.38 $4,032 $1,267 Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
4.851% 4.750% 0.75 $2,920 $1,305 Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to CO-OP CREDIT UNION OF MONTEVIDEO
To upload and update your bank's rates please register. It is free to register and add rates.


 

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:
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Co-op Credit Union Of Montevideo Locations



Climate 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.

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
1.89% 4.75

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 March 31, 2022, Co-op Credit Union Of Montevideo had $891,056 in non-current loans and $13,900 in owned assets. To cover these potential losses it had $44,063,485 in net worth and $3,828,674 in loans loss reserves. That gives it a Texas Ratio of 1.89%.

Net Worth
Co-op Credit Union Of Montevideo U.S. Average
12.57% 12.28%

Co-op Credit Union Of Montevideo FCU has a net worth of 12.57% versus the BestCashCow average of 12.28. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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