Trades & Labor Federal Credit Union

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A short history of Trades & Labor FCU

Since its inception in 1958 the Trades & Labor Federal Credit Union has been serving its members in the ALBERT LEA, 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 Peggy Manges, the Trades & Labor FCU has grown its membership to over 2,314 with assets of more than $11,940,113. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (507) 377-1863 or email them at tlcu@myclearwave.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ALBERT LEA, MN.

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

Charter Number 24674
Address 610 SO BROADWAY AVE 
City ALBERT LEA 
State Minnesota 
Zip-Code 56007
Phone Number (507) 377-1863
Fax Number (507) 377-0116
Email Address: tlcu@myclearwave.net
CEO/President Peggy Manges
Members 2,314 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 11,940,113 
Website http://www.tradesandlabor.com 

Compare Trades & Labor Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
United Employees CU United Employees Credit Union 430 Bridge Ave 56007 (507) 377-1616 No 4.04
City And County Employees CU Credit Union Office 1719 W Main St 56007 (507) 373-7200 No 5.63
Mower County Catholic Parishes CU Credit Union Office 307 1/2 5th St NW 55912 (507) 433-4608 No 15.41
Mower County Employees CU Mower County Employees Credit Union 1202 N Main St 55912 (507) 437-6360 No 15.71
Accentra CU Accentra Credit Union 400 4th Ave NE 55912 (507) 433-1829 No 15.93

Trades & Labor Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Trades & Labor 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 8.68 3.36 4.96 4.90 4.90
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 133 190 320 257 217
Rank Among All Minnesota Credit Unions 7 40 56 33 24

Trades & Labor Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.16 N/A 0.38 0.28
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 117 N/A 288 261
Rank Among All Minnesota Credit Unions 12 12 N/A 34 32
Trades & Labor Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.680199365,088
All Other Unsecured Loans/Lines of Credit 10.800393947,965
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.36026442,732
Used Vehicle Loans 4.9604173,972,594
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.900531,499,328
Total Other Real Estate Loans/Lines of Credit 4.90026521,986
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.500106955,759
TOTAL LOANS & LEASES 1,2208,705,452

Trades & Labor 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 0000
    b. 15 Years or less 1097,523120,000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 28756,8088291,900
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 15644,9972577,500

OTHER REAL ESTATE

Closed-End Fixed Rate 15258,21900
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 11263,76765,800
Open-End Fixed Rate 0000
TOTALS 792,021,31440395,200

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

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

Trades & Labor 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 No
Home Banking Via Internet Website Yes