Members Cooperative Credit Union
Headquarters
4628 Mike Colalillo Dr
Duluth, MN 55807
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2024 Overview
General Credit Union Information
Members Cooperative is an NCUA insured institution located in Duluth, MN. It was founded in 1936 and has approximately $1136.46 millions in assets.
Who can join?
You can become a member if you meet any of these criteria:
You live, work, worship or attend school within Aitkin, Carlton, Cook, Itasca, Koochiching, Lake or St. Louis Counties
You own a businesses or other legal entity within the counties listed
You, or a family member, are a past or present employee of MCCU
You are related by descent, adoption, marriage or domestic partnership to a person meeting one of the above criteria
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 60216 |
| Date Established | 1936 |
| Assets | $1,136.46 million |
| Loans | $936.69 million |
| Deposits | $936.88 million |
| Capital | $110.09 million |
Field of Membership Restrictions
Membership in Members Cooperative Credit Union is open to those who live, work, attend school, or worship in Aitkin, Carlton, Chisago, Cook, Isanti, Itasca, Kanabec, Koochiching, Lake, Pine, St. Louis, or Washington Counties in Minnesota.
Deposit Rates - December 21, 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
|
0.15% | $2,500 | $2,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
|
Premium Money Market Account
|
0.30% | $10,000 | $14,999 |
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|
|
Premium Money Market Account
|
0.35% | $25,000 | $34,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 12 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.10% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.20% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.35% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.40% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.50% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.35% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Members Cooperative
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: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.863% | 6.750% | 1.00 | $3,705 | $2,076 | Learn More |
NMLS ID: 401822 |
7.034% | 6.875% | 1.00 | $5,195 | $2,103 | Learn More |
NMLS ID: 3030 |
7.325% | 7.250% | 0.75 | $2,400 | $2,183 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to Members Cooperative
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Members Cooperative 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
Members Cooperative Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 674.86 | A | View Lobby Hours | |
| 677.11 | B | View Lobby Hours | |
| 684.82 | C | View Lobby Hours | |
| 714.00 | D | View Lobby Hours | |
| 726.80 | E | View Lobby Hours | |
| 1929.52 | F | View Lobby Hours |
Climate Policy and Initiatives
MEMBERS COOPERATIVE 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
Members Cooperative Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Members Cooperative. 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
| Members Cooperative | U.S. Average |
|---|---|
| 11.03% | 5.83 |
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, 2024, Members Cooperative had $11,196,987 in non-current loans and $1,276,354 in owned assets. To cover these potential losses it had $110,092,563 in net worth and $3,016,293 in loans loss reserves. That gives it a Texas Ratio of 11.03%.
Net Worth
| Members Cooperative | U.S. Average |
|---|---|
| 9.69% | 13.93% |
Members Cooperative FCU has a net worth of 9.69% versus the BestCashCow average of 13.93. 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 Members Cooperative
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