Sep, 30, 2025 — MINNCO CREDIT UNION is a federally insured state chartered credit union headquartered in CAMBRIDGE, MN with 8 branch locations and about $577.37 million in total assets. Opened 91 years ago in 1935, MINNCO CREDIT UNION has about 36,979 members and employs 115 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MINNCO CREDIT UNION |
|---|---|
| Address: (Main Office) | 2215 3rd Ave NE CAMBRIDGE, MN 55008 |
| Phone: | (763) 689-1071 |
| Fax: | |
| Website: | https://www.minnco.com |
| Branches: | 8 branch locations |
| Members: | 36,979 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63639 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $577,374,606 |
| CEO/Manager: | Doug Hallstrom |
| Chairperson: | Jerry Schleicher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,484,300 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 167,899,595 |
| Unsecured Loans | 29,763,802 |
| Other Loans | 155,306,795 |
| TOTAL LOANS | 352,970,192 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,875,478 |
| Land And Building | 15,546,823 |
| Other Fixed Assets | 1,964,238 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,652,038 |
| All Other Assets | 0 |
| TOTAL ASSETS | 577,374,606 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,205 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 5,664,274 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 167,256,705 |
| Regular shares | 161,707,707 |
| All Other Shares & Deposits | 186,763,615 |
| TOTAL SHARES & DEPOSITS | 515,728,027 |
| TOTAL LIABILITIES | 531,418,967 |
| Regular Reserve | 0 |
| Other Reserves | -8,304,335 |
| Undivided Earnings | 54,259,974 |
| TOTAL EQUITY | 45,955,639 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 577,374,606 |
| INCOME & EXPENSE | |
| Loan Income | 14,396,872 |
| Investment Income | 4,326,475 |
| Other Income | 2,351,090 |
| Total Employee Compensation & Benefits | 7,148,052 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,047,405 |
| Non-operating Income & (Expense) | -25,883 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,760,089 |
| Cost of Funds | 5,494,399 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,514,056 |
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