Members Cooperative Credit Union

Headquarters

4628 Mike Colalillo Dr
Duluth, MN 55807
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 5.50% →
1-Year CD 0.80% 4.80% →
2-Year CD 0.95% 4.25% →
5-Year CD 1.50% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

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 - November 12, 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 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
Premium Money Market Account
0.30% $10,000 $14,999 Learn More
Premium Money Market Account
0.35% $25,000 $34,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.85% $10,000 $14,999 Learn More
24 Mo CD
0.95% $100,000 $199,999 Learn More
36 Mo CD
1.10% $10,000 $14,999 Learn More
36 Mo CD
1.20% $100,000 $199,999 Learn More
48 Mo CD
1.25% $10,000 $14,999 Learn More
48 Mo CD
1.35% $100,000 $199,999 Learn More
60 Mo CD
1.40% $10,000 $14,999 Learn More
60 Mo CD
1.50% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.35% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - November 12, 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
Pure Rate Mortgage
NMLS ID: 2578474
6.494% 6.375% 0.88 $4,010 $1,997 Learn More
PenFed Credit Union
NMLS ID: 401822
6.668% 6.500% 0.75 $5,600 $2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.981% 6.875% 0.88 $3,442 $2,103 Learn More
PADDIO
NMLS ID: 1907
7.068% 7.000% 0.75 $2,202 $2,129 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 7.490 %
$0 Learn More
More Info
Achieve Loans
Achieve Loans
See Table
Intro APR
9.250 %
After Intro: 9.250 %
$0 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




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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