MINNCO

235 1ST AVE W
Cambridge, MN 55008

Notable Rates APY Vs.Others
Savings 0.10% 2.20% →
1-Year CD 1.45% 2.20% →
2-Year CD 1.75% 2.20% →
5-Year CD 2.45% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Credit Union Information

Minnco is an NCUA insured institution located in Cambridge, MN. It was founded in 1935 and has approximately $314.99 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
Charter Number # # 63639
Date Established 1935
Assets $314.99 million
Loans $201.37 million
Deposits $268.29 million
Capital $32.56 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 - February 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.20% $2,500 $4,999 Learn MoreShow Less
Money Market
0.45% $10,000 $24,999 Learn MoreShow Less
Money Market
0.55% $25,000 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.45% $1,500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.50% $10,000 - Learn MoreShow Less
6 Mo CD
0.75% $5,000 - Learn MoreShow Less
12 Mo CD
1.45% $1,500 - Learn MoreShow Less
18 Mo CD
1.50% $1,000 - Learn MoreShow Less
24 Mo CD
1.75% $500 - Learn MoreShow Less
30 Mo CD
1.75% $500 - Learn MoreShow Less
36 Mo CD
1.85% $500 - Learn MoreShow Less
48 Mo CD
2.15% $500 - Learn MoreShow Less
60 Mo CD
2.45% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $250 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.07% $1 - Learn MoreShow Less

Loan Rates - February 21, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.375% 3.375% 0.00 ($22) $1,106 Learn More
Rocket Mortgage
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
More Info
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$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:
Fairfield,Connecticut


Minnco Locations


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
3.93% 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, Minnco had $1,101,585 in non-current loans and $210,958 in owned assets. To cover these potential losses it had $32,555,602 in net worth and $868,465 in loans loss reserves. That gives it a Texas Ratio of 3.93%.

Net Worth
Minnco U.S. Average
10.33% 13.65%

Minnco FCU has a net worth of 10.33% 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 Minnco

Branches and Savings

What is Minnco?

A federal credit union, registered with the NCUA under certificate #63639.
Learn more about credit unions here.

Is Minnco 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 Minnco?

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

What are Minnco's share account and share certificate rates?

Minnco'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 Minnco?

Minnco has total capital of $32.56 million. Full information on Minnco's financial position is located above.

Who owns Minnco?

Credit Unions are owned by their members.

Where are Minnco branches located?

See branch locations nearby.

Are Minnco ATMs Open 24/7?

Do Minnco ATMs accept cash deposits?

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

Does Minnco have a mobile app?

Does Minnco have mobile deposit?

Does Minnco have quick pay?

How can Minnco transfer money to other banks or credit unions?

Does Minnco report to credit bureaus?

Does Minnco use Chexsystems?

Does Minnco use Equifax?

What is Minnco's toll free phone number?

What is Minnco's ACH Routing Number?

What is Minnco's SWIFT code?

Where can I find Minnco's wire transfer form?

What is the Minnco address for deposits?

What Products Does Minnco Offer

Does Minnco offer mortgages?

Compare mortgage rates here.

Does Minnco offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Minnco offer auto and RV loans?

Compare auto loan rates here.

Does Minnco offer student loans or personal loans?

Compare personal loan rates here.

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