Central Minnesota Credit Union

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A short history of Central Minnesota CU

Since its inception in 1939 the Central Minnesota Credit Union has been serving its members in the Melrose, Minnesota area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Richard Odenthal, the Central Minnesota CU has grown its membership to over 60,491 with assets of more than $1,002,724,162. They have a main office and 18 branch offices. Please see the credit unions website or contact them by phone at (320) 256-3669 to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Melrose, MN.

General Information For Central Minnesota CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 68604
Address 20 4th Ave SE 
City Melrose 
State Minnesota 
Zip-Code 56352
Phone Number (320) 256-3669
Fax Number (320) 256-4532
Email Address: ----
CEO/President Richard Odenthal
Members 60,491 
Full-Time Employees 311 
Part-Time Employees
Number of Branch Offices 18 
Total Assets 1,002,724,162 
Website http://www.mycmcu.org 

Compare Central Minnesota Credit Union To Other Local Credit Unions

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Central Minnesota Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Central Minnesota Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 11.90 4.45 4.80 4.25 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 406 335 301 174 132
Rank Among All Minnesota Credit Unions 31 58 52 23 15

Central Minnesota Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 0.15 0.85 0.95
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 129 124 198 166
Rank Among All Minnesota Credit Unions 12 17 23 19 11
Central Minnesota Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.9007,0824,988,461
All Other Unsecured Loans/Lines of Credit 12.1002,8782,504,982
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.170304519,020
New Vehicle Loans 4.4504478,514,391
Used Vehicle Loans 4.8009,08681,175,188
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.2502,841433,961,447
Total Other Real Estate Loans/Lines of Credit 4.2501,14054,588,515
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.7407,732225,420,723
TOTAL LOANS & LEASES 31,510811,672,727

Central Minnesota Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 263,130,96818831,606,527
    b. 15 Years or less 55447,961,89315122,718,733
    a. > 15 years 30488,535,242186,599,088
    b. 15 Years or less 1,526271,145,36410443,193,221
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 43022,969,5081713,790,369
Adjustable Rate > 1 yr 1218,47200


Closed-End Fixed Rate 33131,519,705313,226,674
Closed-End Adjustable Rate 1054,265,0577305,500
Open-End Adjustable Rate 65613,135,886411,534,363
Open-End Fixed Rate 485,667,86781,681,000
TOTALS 3,981488,549,962565124,655,475


Interest Only & Payment Option 1st Mortgage Loans 12722,313,3837,030,740
Interest Only & Payment Option Other RE/LOC Loans 485,597,514368,282
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Central Minnesota Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes