Sep, 30, 2025 — MAYO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, MN with 9 branch locations and about $1.45 billion in total assets. Opened 92 years ago in 1934, MAYO EMPLOYEES FEDERAL CREDIT UNION has about 75,015 members and employs 127 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAYO EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 130 23rd Ave SW ROCHESTER, MN 55902 |
| Phone: | (507) 535-1460 |
| Fax: | (507) 293-8112 |
| Website: | https://www.mayocreditunion.org |
| Branches: | 9 branch locations |
| Members: | 75,015 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24748 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,452,148,247 |
| CEO/Manager: | Mary A Hansen |
| Chairperson: | Patrick J Steward |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 107,592,119 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 3,175,840 |
| Real Estate Loans | 525,642,898 |
| Unsecured Loans | 40,105,581 |
| Other Loans | 131,965,328 |
| TOTAL LOANS | 697,713,807 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,713,498 |
| Land And Building | 19,731,060 |
| Other Fixed Assets | 3,459,208 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 11,414,682 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,452,148,247 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,197,368 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 238,786,533 |
| Regular shares | 420,682,684 |
| All Other Shares & Deposits | 590,215,711 |
| TOTAL SHARES & DEPOSITS | 1,249,684,928 |
| TOTAL LIABILITIES | 1,261,902,015 |
| Regular Reserve | 0 |
| Other Reserves | -11,718,253 |
| Undivided Earnings | 201,964,485 |
| TOTAL EQUITY | 190,246,232 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,452,148,247 |
| INCOME & EXPENSE | |
| Loan Income | 26,852,602 |
| Investment Income | 14,954,374 |
| Other Income | 2,093,366 |
| Total Employee Compensation & Benefits | 9,842,716 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 9,768,566 |
| Non-operating Income & (Expense) | 470 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 122,412 |
| Cost of Funds | 14,971,255 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 16,528,289 |
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