BENEFITS OF THE MINNESOTA STATE CHARTER (View/download PDF)
REGULATING AGENCY: Minnesota Department of Commerce; Financial Institutions Division
- Julia Dreier, Acting 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: Yes
2026 STATS
- Largest SCU: TRUSTONE FINANCIAL CU $6.09B in assets
- Largest FCU: AFFINITY PLUS FCU $5.05B in assets
| Second Quarter 2026 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 57 | 23 | 80 | 71.25% |
| Credit Union Members | 1.22M | 0.61M | 1.83M | 66.77% |
| Credit Union Assets | $25.33B | $9.8B | $35.14B | 72.10% |
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 skis. He took his first ride behind a motorboat on a lake in Lake City.
Click here to submit your state-chartered credit union news stories to NASCUS today.