Featured Savings Rates
Featured Accounts
Overview / Commentary
20 4th Ave SE
Melrose, MN 56352

Central Minnesota Credit Union is headquartered in Melrose and is the 6th largest credit union in the state of Minnesota. It is also the 284th largest credit union in the nation. It was established in 1939 and as of June of 2017, it had grown to 311 employees and 60,491 members at 20 locations. Central Minnesota Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership in Central Minnesota Credit Union is open to those who live, work, attend school or worship in Becker, Benton, Clay, Douglas, Grant, Kandiyohi, Meeker, Morrison, Otter Tail, Pope, Sherburne, Stearns, Todd, Wadena, Wilkin, and Wright Counties in Minnesota or in Cass and Richland Counties in North Dakota.
See current membership details

Reviews (2)

Online Banking

When I recently went in to look into getting a new checking account at a different bank I was surprised by the amount of options they had. One of the choices was an E-Checking account. I do most of my banking online and prefer it that way. This seemed like the best option for me. The guy who helped me set it up was very friendly and made sure I had everything working before I left the building. He helped me create a user name and password for the website as well as helped me find and download their mobile app. I found the benefits on their E-Checking account to make it more than worth it to sign up for this particular account. The part I liked the best is I will now earn interest on money I have in my checking account.

Central MN Credit Union

I recently was unhappy with my current bank and found myself at our local credit union. When I walked in I was greeted and it was a pleasant atmosphere. I did not have to wait long for someone to come help me open a new checking and savings account. Everything was explained to me in detail, and I was given choices of what kinds of accounts I wanted to open. The guy was knowledgeable in their accounts and did his best to make sure the accounts I was opening were the best for me and my situation. I have been back a few times now as I am working on switching everything to this credit union. I would highly recommend this credit union to other people. It is fast, convenient, and they offer good deals on the types of accounts they have.


Health Grade Components

NCUA #68604
Year Chartered1939
Primary Regulator
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD6.57%
Annual Interest Income$19.6MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.00B$912.3MM
LoansQ2 2017vs Q2 2016$811.7MM$745.5MM
DepositsQ2 2017vs Q2 2016$826.4MM$750.6MM
Equity CapitalQ2 2017vs Q2 2016$150.7MM$141.1MM
Loan Loss AllowanceQ2 2017vs Q2 2016$6.0MM$4.9MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$3.4MM$6.0MM
Real Estate OwnedQ2 2017vs Q2 2016$2.5MM$1.9MM

Sorry, we do not have rate data for Central Minnesota Credit Union.