Minnesota
REGULATING AGENCY: Minnesota Department of Commerce; Financial Institutions Division
Minnesota State Capitol
- Grace Arnold, Commissioner
- Max Zappia Deputy, Commissioner of Financial Institutions Division
- Aeton de Long-Hersh, Chief Examiner State Chartered Credit Unions
- Website: mn.gov/commerce/money/industry/credit-union/
ACCREDITED: 2017
LEAGUE: Minnesota Credit Union Network
- Mark D. Cummins, President/CEO
- Website: mncun.org
PRIVATE SHARE INSURANCE: No
2023 STATS
- Largest SCU: WINGS FINANCIAL CU $8.84B in assets
- Largest FCU: AFFINITY PLUS FCU $4.15B in assets
| Second Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 62 | 25 | 87 | 71.26% |
| Credit Union Members | 1.56M | 574,641 | 2.14M | 73.11% |
| Credit Union Assets | $30.72B | $8.86B | $39.58B | 77.62% |
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
Courtesy of Kyle Jaeger , MarijuanaMoment.net
May 5, 2023 — The Minnesota Senate has finally approved a bill to legalize marijuana that advanced through 13 committees, setting the stage for a conference with the House to resolve differences with a companion reform measure that the chamber passed on Tuesday.
The Senate passed the legislation from Sen. Lindsey Port (D) in a 34-33 vote on Friday. This comes just two days after the proposal cleared its final committee, with amendments. Read more
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