Sep, 30, 2025 — CO-OP CREDIT UNION OF MONTEVIDEO is a federally insured state chartered credit union headquartered in MONTEVIDEO, MN with 4 branch locations and about $389.07 million in total assets. Opened 86 years ago in 1940, CO-OP CREDIT UNION OF MONTEVIDEO has about 17,639 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CO-OP CREDIT UNION OF MONTEVIDEO |
|---|---|
| Address: (Main Office) | 2407 E Highway 7 MONTEVIDEO, MN 56265-3151 |
| Phone: | (320) 269-2117 |
| Fax: | (320) 269-2118 |
| Website: | https://www.co-opcreditunion.com |
| Branches: | 4 branch locations |
| Members: | 17,639 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62419 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $389,066,501 |
| CEO/Manager: | Kayla Reiffenberger |
| Chairperson: | Jennifer Stryhn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,844,850 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 120,103,539 |
| Unsecured Loans | 2,519,982 |
| Other Loans | 149,491,744 |
| TOTAL LOANS | 273,512,563 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,408,340 |
| Land And Building | 5,833,503 |
| Other Fixed Assets | 689,449 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,979,678 |
| All Other Assets | 216,745 |
| TOTAL ASSETS | 389,066,501 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,634,080 |
| Accounts Payable & Other Liabilities | 2,390,986 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 66,619,994 |
| Regular shares | 100,900,399 |
| All Other Shares & Deposits | 156,812,189 |
| TOTAL SHARES & DEPOSITS | 324,332,582 |
| TOTAL LIABILITIES | 328,357,648 |
| Regular Reserve | 0 |
| Other Reserves | 33,650 |
| Undivided Earnings | 60,675,203 |
| TOTAL EQUITY | 60,708,853 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 389,066,501 |
| INCOME & EXPENSE | |
| Loan Income | 12,530,457 |
| Investment Income | 2,260,385 |
| Other Income | 560,888 |
| Total Employee Compensation & Benefits | 3,071,737 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,980,514 |
| Non-operating Income & (Expense) | -13,872 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 905,583 |
| Cost of Funds | 5,029,017 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,757,266 |
| ↑ Back to Top | |