Minnesota Valley Federal Credit Union

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A short history of Minnesota Valley FCU

Since its inception in 1934 the Minnesota Valley Federal Credit Union has been serving its members in the MANKATO, 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 Nick Meyer, the Minnesota Valley FCU has grown its membership to over 13,443 with assets of more than $149,294,531. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (507) 387-3055 or email them at info@mnvalleyfcu.coop to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MANKATO, MN.

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

Charter Number 19440
Address PO BOX 4399 
City MANKATO 
State Minnesota 
Zip-Code 56002
Phone Number (507) 387-3055
Fax Number (507) 387-5235
Email Address: info@mnvalleyfcu.coop
CEO/President Nick Meyer
Members 13,443 
Full-Time Employees 29 
Part-Time Employees
Number of Branch Offices
Total Assets 149,294,531 
Website http://www.mnvalleyfcu.coop 

Compare Minnesota Valley Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Northern Energy CU NORTHERN ENERGY FCU 210 E LIME ST 56001 (507) 387-9685 No 0.99
Mico Employees CU MICO, Inc. 1911 Lee Blvd 56003 (507) 625-6426 No 2.38

Minnesota Valley Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Minnesota Valley 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 12.49 2.49 2.99 4.00 3.99
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 433 83 91 138 99
Rank Among All Minnesota Credit Unions 33 12 13 20 13

Minnesota Valley Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.25 0.55 0.85 0.80
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 95 55 198 184
Rank Among All Minnesota Credit Unions N/A 8 3 19 14
Minnesota Valley Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.4901,1441,478,830
All Other Unsecured Loans/Lines of Credit 12.900971955,635
Short-Term, Small Amount Loans (STS) (Federal CU Only) 18.00041,218
Non-Federally Guaranteed Student Loans 6.000178792,145
New Vehicle Loans 2.4902064,516,969
Used Vehicle Loans 2.9902,83326,523,032
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.00019019,083,737
Total Other Real Estate Loans/Lines of Credit 3.99056918,088,895
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.3201,0939,745,780
TOTAL LOANS & LEASES 7,18881,186,241

Minnesota Valley Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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 7852,405436,977,865
    b. 15 Years or less 566,150,858192,675,850
Balloon/Hybrid
    a. > 15 years 664,065,57800
    b. 15 Years or less 344,242,04100
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 273,772,8556718,500

OTHER REAL ESTATE

Closed-End Fixed Rate 2107,868,78412419,198
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 35910,220,111772,787,814
Open-End Fixed Rate 0000
TOTALS 75937,172,63215713,579,227

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 5453,1720
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Minnesota Valley Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending Yes
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 No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes