Minnesota

REGULATING AGENCY: Minnesota Department of Commerce; Financial Institutions Division

Minnesota State Capitol

ACCREDITED: 2017

LEAGUE: Minnesota Credit Union Network

PRIVATE SHARE INSURANCE: No

STATS: (As of June 2021)

Total Number of Credit Unions: 98

  • TOTAL # SCUs: 68
  • TOTAL # FCUs: 30
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 69%

Total Assets: $33,915,672,064

  • TOTAL $ SCU ASSETS: $25,474,164,329
  • TOTAL $ FCU ASSETS: $8,441,507,735
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 75%

Total Members: 1,983,377

  • TOTAL Members SCUs: 1,415,606
  • TOTAL Members FCUs: 567,771
  • SCU % OF TOTAL (SCUS/STATE TOAL): 71%

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.


RECENT NEWS

Coopera Collaborates with Minnesota Credit Union Network to Study Statewide Demographics

August 18, 2021 — A partnership between the Minnesota Credit Union Network and Coopera will produce a report outlining opportunity for multicultural membership growth for Minnesota credit unions. This partnership will play a part in the Minnesota Credit Union Network’s mission to ensure the growth and vitality of Minnesota credit unions, as well as to support diversity, equity and inclusion (DEI) initiatives within the credit union movement.

Coopera is nationally recognized within the credit union industry as a resource for underserved market growth. Formerly a Hispanic-focused company, Coopera has recently evolved to include many of the growing multicultural segments in the U.S. Coopera leads the way for diversity, equity and inclusion initiatives in the credit union space and partners with several Leagues across the country.

“As the state trade association for Minnesota’s credit unions, our purpose is to offer knowledge and resources that benefit our credit union community,” says Minnesota Credit Union Network President & CEO Mark Cummins. “This partnership with Coopera will help unveil opportunities for Minnesota credit unions to grow market share and determine ways for more consumers to be served by credit unions in the future.”

READ MORE


STORY ARCHIVE:
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