Floodwood Area Credit Union

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A short history of Floodwood Area CU

Since its inception in 1937 the Floodwood Area Credit Union has been serving its members in the FLOODWOOD, 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 Patrick Babinski, the Floodwood Area CU has grown its membership to over 1,818 with assets of more than $18,922,665. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (218) 476-2288 or email them at pbabinski@floodwoodcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in FLOODWOOD, MN.

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

Charter Number 60556
Address P.O. BOX 318 
State Minnesota 
Zip-Code 55736
Phone Number (218) 476-2288
Fax Number (218) 476-2289
Email Address: pbabinski@floodwoodcu.com
CEO/President Patrick Babinski
Members 1,818 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 18,922,665 
Website http://www.floodwoodcu.com 

Compare Floodwood Area Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Members Cooperative CU Sandstone 305 Lundorff Drive 55072 (320) 245-5251 No 24.97
Northwoods CU Cloquet 1702 Avenue B 55720 (218) 879-4181 No 25.00

Floodwood Area Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Floodwood Area 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 13.90 2.75 3.75 5.18 5.42
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 493 115 175 289 280
Rank Among All Minnesota Credit Unions 38 20 27 37 35

Floodwood Area Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.25 N/A 0.50 1.25
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 95 N/A 263 125
Rank Among All Minnesota Credit Unions 12 8 N/A 31 6
Floodwood Area Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 13.9008563,445
All Other Unsecured Loans/Lines of Credit 14.7506822,802
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 5.7405355,698
New Vehicle Loans 2.75033655,417
Used Vehicle Loans 3.7501981,631,174
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.1801094,832,705
Total Other Real Estate Loans/Lines of Credit 5.42012262,022
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.0001451,598,488
TOTAL LOANS & LEASES 7039,121,751

Floodwood Area 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 0000
    b. 15 Years or less 14171,694342,868
    a. > 15 years 14800,7613177,240
    b. 15 Years or less 813,860,25000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 12262,02200
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 1215,094,7276220,108


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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