Minnesota
BENEFITS OF THE MINNESOTA STATE CHARTER (View/download PDF)
REGULATING AGENCY: Minnesota Department of Commerce; Financial Institutions Division
Minnesota State Capitol
- Grace Arnold, Commissioner
- Michael Crow, Sr., Deputy Commissioner of Financial Institutions
- Aeton de Long-Hersh, Director of Credit Unions
- Website: mn.gov/commerce/money/industry/credit-union/
ACCREDITED: 2017
LEAGUE: Minnesota Credit Union Network
- Mara Humphrey, President/CEO
- Website: mncun.org
PRIVATE SHARE INSURANCE: No
2024 STATS
- Largest SCU: WINGS FINANCIAL CU $9.37B in assets
- Largest FCU: AFFINITY PLUS FCU $4.32B in assets
| Fourth Quarter 2024 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 60 | 26 | 86 | 69.77% |
| Credit Union Members | 1.58M | 0.6M | 2.19M | 72.39% |
| Credit Union Assets | $32.59B | $9.15B | $41.75B | 78.08% |
FUN FACT
The first practical water skis were invented in 1922 by Ralph W. Samuelson, who steam-bent 2 eight-foot-long pine boards into skies. He took his first ride behind a motorboat on a lake in Lake City.
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