Minnco Credit Union

Headquarters

235 1st Ave W
Cambridge, MN 55008
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.60% 0.67% →
2-Year CD 0.75% 0.80% →
5-Year CD 1.20% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Minnco is an NCUA insured institution located in Cambridge, MN. It was founded in 1935 and has approximately $433.26 millions in assets.

Who can join?

Membership in Minnco Credit Union is comprised of members of Federated Co-ops, Inc., a Minnesota corporation, as well as persons who live, work, worship, volunteer in, attend school in, businesses and other legal entities located in Isanti, Chisago, Anoka, Sherburne, Benton and Mille Lacs counties. In addition, the spouse of a member, the blood or adoptive relative of either of them and their spouses may also be members.

NCUA Insured Yes / State-Chartered
Charter Number # # 63639
Date Established 1935
Assets $433.26 million
Loans $247.33 million
Deposits $388.61 million
Capital $39.31 million
 

Field of Membership Restrictions

Membership is open to those who live, work, volunteer, attend school or worship in Chisago, Isanti, Benton, Anoka, Sherburne, and Mille Lacs counties in Minnesota. Membership is also open to members of Federated Co-ops, Inc.

Deposit Rates - December 5, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
30 Mo CD
0.70% $10,000 $14,999 Learn More
30 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.20% $10,000 $14,999 Learn More
60 Mo CD
1.20% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.07% $1 $99 Learn MoreShow Less
Int Ckg
0.07% $2,500 $3,499 Learn MoreShow Less

Loan Rates - December 5, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for MINNCO

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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.726% 3.625% 0.75 $3,125 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info

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


 

Branches

Below are Minnco 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:
Ashburn,Virginia


Minnco Locations



Climate Initiatives

MINNCO is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Minnco Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Minnco. 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
Minnco U.S. Average
1.36% 3.79

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, 2021, Minnco had $342,575 in non-current loans and $211,182 in owned assets. To cover these potential losses it had $39,312,616 in net worth and $1,325,337 in loans loss reserves. That gives it a Texas Ratio of 1.36%.

Net Worth
Minnco U.S. Average
9.07% 12.22%

Minnco FCU has a net worth of 9.07% versus the BestCashCow average of 12.22. 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 MINNCO


  • October 27, 2021

    Incompetent and I am annoyed! I financed an ATV thru Minnco. A year into the loan. I started to receive threading letters to prove I had insurance. Which I had from Progressive since day 1. After 3 calls trying to send policy information….That wasn’t good enough. I saw on my account a charge for “their” insurance . I called an questioned why they didn’t get a hold of Progressive like they said they would. And I quote “ we have tried and tried and can not reach anyone at Progressive” I am completely enraged. I called Progressive within 3 minutes!! I had merged Minnco and Progressive on the phone!! There was simple digits errors on the vin#. What took Minnco over a year…. I handled in 3 minutes!

    This appears to be a Minnco money grab to me.

    Real simple watch your statements. Corporate money grab!

  • October 27, 2021

    Incompetent and I am annoyed! I financed an ATV thru Minnco. A year into the loan. I started to receive threading letters to prove I had insurance. Which I had from Progressive since day 1. After 3 calls trying to send policy information….That wasn’t good enough. I saw on my account a charge for “their” insurance . I called an questioned why they didn’t get a hold of Progressive like they said they would. And I quote “ we have tried and tried and can not reach anyone at Progressive” I am completely enraged. I called Progressive within 3 minutes!! I had merged Minnco and Progressive on the phone!! There was simple digits errors on the vin#. What took Minnco over a year…. I handled in 3 minutes!

    This appears to be a Minnco money grab to me.

    Real simple watch your statements. Corporate money grab!

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