2024 Overview
General Credit Union Information
Minnco is an NCUA insured institution located in Cambridge, MN. It was founded in 1935 and has approximately $518.03 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 | $518.03 million |
| Loans | $327.33 million |
| Deposits | $459.75 million |
| Capital | $49.27 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 - April 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.30% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.20% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.20% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.07% | $1 | $99 | Learn More |
| Int Ckg
|
0.07% | $2,500 | $3,499 | Learn More |
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | 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 Minnco
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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:
Columbus,Ohio
Climate Policy and Initiatives
MINNCO 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
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 |
|---|---|
| 3.98% | 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, Minnco had $1,919,243 in non-current loans and $68,603 in owned assets. To cover these potential losses it had $49,268,207 in net worth and $727,545 in loans loss reserves. That gives it a Texas Ratio of 3.98%.
Net Worth
| Minnco | U.S. Average |
|---|---|
| 9.5% | 13.62% |
Minnco FCU has a net worth of 9.5% 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 Minnco
Dchbuckeye
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!
Is this review helpful? Yes:0 / No: 0
Dchbuckeye
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!
Is this review helpful? Yes:0 / No: 0
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