Sep, 30, 2025 — MINNESOTA VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in MANKATO, MN with 3 branch locations and about $312.14 million in total assets. Opened 92 years ago in 1934, MINNESOTA VALLEY FEDERAL CREDIT UNION has about 18,407 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MINNESOTA VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1640 Adams St MANKATO, MN 56001 |
| Phone: | (507) 387-3055 |
| Fax: | (507) 387-5235 |
| Website: | https://www.mnvalleyfcu.coop |
| Branches: | 3 branch locations |
| Members: | 18,407 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19440 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $312,140,925 |
| CEO/Manager: | Nick S Meyer |
| Chairperson: | Steve L Erdman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,138,900 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 876,985 |
| Real Estate Loans | 90,758,065 |
| Unsecured Loans | 2,939,756 |
| Other Loans | 67,804,146 |
| TOTAL LOANS | 161,501,967 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,007,540 |
| Land And Building | 1,057,985 |
| Other Fixed Assets | 942,411 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,542,994 |
| All Other Assets | 0 |
| TOTAL ASSETS | 312,140,925 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 669,036 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 615,299 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 49,973,833 |
| Regular shares | 63,687,406 |
| All Other Shares & Deposits | 162,215,267 |
| TOTAL SHARES & DEPOSITS | 275,876,506 |
| TOTAL LIABILITIES | 277,160,841 |
| Regular Reserve | 0 |
| Other Reserves | 2,171,995 |
| Undivided Earnings | 32,808,089 |
| TOTAL EQUITY | 34,980,084 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 312,140,925 |
| INCOME & EXPENSE | |
| Loan Income | 6,907,593 |
| Investment Income | 3,230,075 |
| Other Income | 342,019 |
| Total Employee Compensation & Benefits | 2,462,965 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,533,567 |
| Non-operating Income & (Expense) | 8,157 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,244 |
| Cost of Funds | 3,646,077 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,094,853 |
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