Members Cooperative Credit Union

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A short history of Members Cooperative CU

Since its inception in 1936 the Members Cooperative Credit Union has been serving its members in the CLOQUET, 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 Tammy Heikkinen, the Members Cooperative CU has grown its membership to over 46,288 with assets of more than $651,887,572. They have a main office and 10 branch offices. Please see the credit unions website or contact them by phone at (218) 625-8500 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in CLOQUET, MN.

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

Charter Number 60216
Address 101 14TH ST 
State Minnesota 
Zip-Code 55720
Phone Number (218) 625-8500
Fax Number (218) 879-0018
Email Address:
CEO/President Tammy Heikkinen
Members 46,288 
Full-Time Employees 182 
Part-Time Employees
Number of Branch Offices 10 
Total Assets 651,887,572 

Compare Members Cooperative Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Northwoods CU Cloquet 1702 Avenue B 55720 (218) 879-4181 No 3.96
Proctor CU west duluth branch 3924 Grand Ave 55807 (218) 628-2841 No 14.22
Hermantown CU Duluth Branch Office 2501 London Rd 55812 (218) 729-7733 No 15.73
Northern Pacific Duluth CU Northern Pacific Duluth Federal Credit Union 5721 Grand Ave 55807 (218) 722-2720 No 16.70
Share Advantage CU Share Advantage Credit Union Main Office 2502 Maple Grove Rd 55811 (218) 740-2221 No 17.14

Members Cooperative Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Members Cooperative 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 15.00 5.05 6.24 5.93 5.74
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 521 403 467 365 316
Rank Among All Minnesota Credit Unions 41 62 72 42 39

Members Cooperative 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 0.60 0.75 0.75
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 48 215 192
Rank Among All Minnesota Credit Unions 12 17 2 22 15
Members Cooperative Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 15.000577601,892
All Other Unsecured Loans/Lines of Credit 14.7707,7575,159,752
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.0901,9211,370,995
New Vehicle Loans 5.0505,23792,276,336
Used Vehicle Loans 6.24014,462159,647,165
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.9302,004167,382,338
Total Other Real Estate Loans/Lines of Credit 5.7401,15528,268,276
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.8504,74445,842,546
TOTAL LOANS & LEASES 37,857500,549,300

Members Cooperative 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 24428,537,808527,098,180
    b. 15 Years or less 39237,351,165243,868,884
    a. > 15 years 312,928,90600
    b. 15 Years or less 1096,677,51300
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 2407,147,9986221,814
Adjustable Rate > 1 yr 98884,738,94811110,730,354


Closed-End Fixed Rate 471,421,200135,000
Closed-End Adjustable Rate 48210,571,7733132,000
Open-End Adjustable Rate 62616,275,3031201,841,466
Open-End Fixed Rate 0000
TOTALS 3,159195,650,61431723,927,698


Interest Only & Payment Option 1st Mortgage Loans 738,376,419804,235
Interest Only & Payment Option Other RE/LOC Loans 62718,067,1254,690,910
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Members Cooperative 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 Yes
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 Yes
Home Banking Via Internet Website Yes