Minnesota Power Employees Credit Union

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A short history of Minnesota Power Employees CU

Since its inception in 1933 the Minnesota Power Employees Credit Union has been serving its members in the DULUTH, Minnesota area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Debora Almirall, the Minnesota Power Employees CU has grown its membership to over 6,257 with assets of more than $99,952,987. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (218) 336-1800 or email them at creditunion@mpecu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in DULUTH, MN.

General Information For Minnesota Power Employees CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 60377
Address 30 W SUPERIOR ST STE 126 
City DULUTH 
State Minnesota 
Zip-Code 55802
Phone Number (218) 336-1800
Fax Number (218) 336-1839
Email Address: creditunion@mpecu.com
CEO/President Debora Almirall
Members 6,257 
Full-Time Employees 25 
Part-Time Employees
Number of Branch Offices
Total Assets 99,952,987 
Website http://www.mpecu.com 

Compare Minnesota Power Employees Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Superior Municipal Employees CU Main Office 1316 N 14th St 54880 (715) 392-4466 No 2.51
Duluth Fire Department CU DFDCU 602 W 2nd St 55802 (218) 723-8357 No 2.74
Harbor Pointe CU Kenwood Branch 1358 W Arrowhead Rd 55811 (218) 724-8218 No 2.85
Superior Choice CU Administrative Offices - Former 2911 Tower Ave Ste 9 54880 (715) 392-5616 No 3.70
School Employees CU School Employees Credit Union 3025 Tower Ave 54880 (715) 392-5650 No 3.86

Minnesota Power Employees Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Minnesota Power Employees Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.90 3.27 3.27 3.75 5.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 177 121 102 289
Rank Among All Minnesota Credit Unions 22 36 20 15 38

Minnesota Power Employees Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.10 0.26 0.32
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 134 309 257
Rank Among All Minnesota Credit Unions 12 22 24 38 30
Minnesota Power Employees Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9001,1932,236,241
All Other Unsecured Loans/Lines of Credit 9.9007281,131,162
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.2701873,633,919
Used Vehicle Loans 3.2708719,582,461
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.75019927,314,606
Total Other Real Estate Loans/Lines of Credit 5.5002375,659,965
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.7504677,594,733
TOTAL LOANS & LEASES 3,88257,153,087

Minnesota Power Employees Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 344,719,89800
    b. 15 Years or less 13512,242,91271,055,000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 3010,351,79652,067,312
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 34629,17200
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2035,030,793281,227,255
Open-End Fixed Rate 0000
TOTALS 43632,974,571404,349,567

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Minnesota Power Employees Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes