Hermantown Federal Credit Union

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A short history of Hermantown FCU

Since its inception in 1943 the Hermantown Federal Credit Union has been serving its members in the HERMANTOWN, 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 Scott Lundgren, the Hermantown FCU has grown its membership to over 16,876 with assets of more than $140,324,174. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (218) 729-7733 or email them at admin@hermantownfcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in HERMANTOWN, MN.

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

Charter Number 5023
Address 4477 LAVAQUE RD 
State Minnesota 
Zip-Code 55811
Phone Number (218) 729-7733
Fax Number (218) 729-7978
Email Address: admin@hermantownfcu.org
CEO/President Scott Lundgren
Members 16,876 
Full-Time Employees 44 
Part-Time Employees
Number of Branch Offices
Total Assets 140,324,174 
Website http://www.hermantownfcu.org 

Compare Hermantown Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Share Advantage CU Share Advantage Credit Union Main Office 2502 Maple Grove Rd 55811 (218) 740-2221 No 3.17
Northern Communities CU Virginia 800 S 16th Ave 55792 (218) 741-8155 No 3.69
Duluth Police Department Employees CU Duluth Police Department Employees Credit Union 2030 N Arlington Ave 55811 (218) 730-5140 No 3.96
Harbor Pointe CU Kenwood Branch 1358 W Arrowhead Rd 55811 (218) 724-8218 No 6.36
Duluth Fire Department CU DFDCU 602 W 2nd St 55802 (218) 723-8357 No 6.38

Hermantown Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Hermantown Federal 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 N/A 3.49 3.49 4.00 5.75
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 208 146 138 317
Rank Among All Minnesota Credit Unions N/A 43 23 20 40

Hermantown Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.15 1.06 0.51
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 143 124 164 226
Rank Among All Minnesota Credit Unions N/A 22 23 11 25
Hermantown Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 13.0002,0436,363,803
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.2001,6932,264,583
New Vehicle Loans 3.4902906,930,488
Used Vehicle Loans 3.4902,81835,305,617
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.00029618,694,179
Total Other Real Estate Loans/Lines of Credit 5.7502708,125,401
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.9901,81520,704,677
TOTAL LOANS & LEASES 9,22598,388,748

Hermantown Federal 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 121,723,7405898,400
    b. 15 Years or less 143,162,9413465,000
    a. > 15 years 0000
    b. 15 Years or less 503,641,322131,300
Other Fixed Rate 742,376,9263184,440
Adjustable Rate 1 yr or less 1285,390,189211,285,000
Adjustable Rate > 1 yr 182,399,061196,800


Closed-End Fixed Rate 63693,47600
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2077,431,925371,525,128
Open-End Fixed Rate 0000
TOTALS 56626,819,580714,486,068


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

Hermantown Federal 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 Yes
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