Proctor Federal Credit Union

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A short history of Proctor FCU

Since its inception in 1970 the Proctor Federal Credit Union has been serving its members in the proctor, 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 david horak, the Proctor FCU has grown its membership to over 5,908 with assets of more than $39,383,210. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (218) 624-5761 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 proctor, MN.

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

Charter Number 19960
Address 410 N 2nd Ave 
City proctor 
State Minnesota 
Zip-Code 55810
Phone Number (218) 624-5761
Fax Number (218) 624-5762
Email Address:
CEO/President david horak
Members 5,908 
Full-Time Employees
Part-Time Employees 11 
Number of Branch Offices
Total Assets 39,383,210 

Compare Proctor Federal Credit Union To Other Local Credit Unions

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Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Northern Pacific Duluth CU Northern Pacific Duluth Federal Credit Union 5721 Grand Ave 55807 (218) 722-2720 No 4.41
Share Advantage CU Share Advantage Credit Union Main Office 2502 Maple Grove Rd 55811 (218) 740-2221 No 5.17
Hermantown CU Duluth Branch Office 2501 London Rd 55812 (218) 729-7733 No 5.39
Duluth Police Department Employees CU Duluth Police Department Employees Credit Union 2030 N Arlington Ave 55811 (218) 730-5140 No 7.10
Northern Communities CU Virginia 800 S 16th Ave 55792 (218) 741-8155 No 7.23

Proctor Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Proctor 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 2.49 2.49 5.95 4.50
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 83 51 367 168
Rank Among All Minnesota Credit Unions N/A 12 6 43 17

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

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.12 N/A 0.65 0.65
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 124 N/A 234 205
Rank Among All Minnesota Credit Unions N/A 15 N/A 26 20
Proctor 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 11.000361687,318
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.4902013,230,092
Used Vehicle Loans 2.4909158,189,743
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.950585,328,956
Total Other Real Estate Loans/Lines of Credit 4.5002549,006,618
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.45033286,535
TOTAL LOANS & LEASES 1,82226,729,262

Proctor 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 151,593,58500
    b. 15 Years or less 191,264,639265,000
    a. > 15 years 0000
    b. 15 Years or less 242,470,7323483,420
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 1213,895,232191,122,658
Closed-End Adjustable Rate 603,457,7949317,509
Open-End Adjustable Rate 731,653,5923430,960
Open-End Fixed Rate 0000
TOTALS 31214,335,574362,419,547


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

Proctor Federal Credit Union Member Offerings
First Time Homebuyer Program No
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 No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes