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Minnesota Credit Union Performance
How the 81 credit unions based in Minnesota are performing — size, membership, earnings, capital, growth and loan quality — measured against every U.S. credit union, straight from the public NCUA Call Report.
NCUA data through Q1 2026.
Minnesota's 81 credit unions serve 1,823,133 members and hold $35.16B in combined assets. The median Minnesota credit union earned a 0.88% return on average assets over the past year, compared with 0.66% for the median U.S. credit union. Median one-year membership growth among Minnesota credit unions was 0.00%, compared with -0.55% nationally. Median one-year asset growth was 3.57%, compared with 2.78% nationally. So far this year, 2 Minnesota credit unions have completed a merger. Figures are from the Q1 2026 NCUA Call Report.
Minnesota at a glance
Minnesota vs. the United States
System totals are the sum of every credit union in Minnesota. The share column is Minnesota's portion of the national figure.
| Measure | Minnesota | United States | Minnesota share |
|---|---|---|---|
| Credit unions | 81 | 4,335 | 1.9% |
| Members | 1,823,133 | 147,031,529 | 1.2% |
| Residents (population) | 5,793,151 | 340,110,988 | 1.7% |
| Total assets | $35.16B | $2,507.50B | 1.4% |
| Total loans | $23.78B | $1,744.86B | 1.4% |
| Total shares & deposits | $29.49B | $2,143.21B | 1.4% |
| Total net worth | $3.71B | $282.23B | 1.3% |
| Mergers year-to-date | 2 | 27 | — |
Membership reach. Minnesota credit unions report about 31 memberships for every 100 residents, vs 43 nationally — a rough measure of how deeply credit unions reach the population. (This counts memberships, not unique people: one person can belong to more than one credit union, and large Minnesota credit unions serve members in other states, so it overstates true in-state penetration.)
The median Minnesota credit union
Ratios and growth describe the typical (median) credit union in each place — a robust, outlier-resistant figure — not a single giant institution. Each is computed with the same disclosed equations used across CUNinjas.
| Metric | Median Minnesota CU | Median U.S. CU |
|---|---|---|
| Return on assets | 0.88% | 0.66% |
| Net worth ratio | 12.24% | 12.44% |
| Loan-to-share ratio | 75.60% | 67.86% |
| Delinquency ratio | 0.55% | 0.63% |
| Net charge-off ratio | 0.23% | 0.33% |
| Cost of funds | 1.19% | 1.05% |
| Member growth (1 yr) | 0.00% | -0.55% |
| Asset growth (1 yr) | 3.57% | 2.78% |
| Loan growth (1 yr) | 2.31% | 0.63% |
| Share growth (1 yr) | 3.42% | 2.36% |
| Net worth growth (1 yr) | 6.79% | 5.57% |
Trends over time
The median Minnesota credit union (solid) vs. the median U.S. credit union (dashed), by year.
Return on assets 0.77% · 0.72%
— Minnesota ‑‑ U.S. (1 year not shown)
Net worth ratio 12.20% · 12.46%
— Minnesota ‑‑ U.S.
Loan-to-share ratio 77.99% · 69.70%
— Minnesota ‑‑ U.S.
Delinquency ratio 0.54% · 0.72%
— Minnesota ‑‑ U.S.
Asset growth (1 yr) 4.03% · 3.26%
— Minnesota ‑‑ U.S. (1 year not shown)
Member growth (1 yr) 0.00% · -0.52%
— Minnesota ‑‑ U.S. (1 year not shown)
Minnesota leaderboards
Largest by assets
- 1 TruStone Financial Credit Union $6.06B
- 2 Affinity Plus Credit Union $5.05B
- 3 SPIRE Credit Union $4.82B
- 4 Central Minnesota Credit Union $2.67B
- 5 Mayo Employees Credit Union $1.53B
- 6 Members Cooperative Credit Union $1.19B
- 7 City & County Credit Union $1.18B
- 8 Topline Financial Credit Union $1.15B
- 9 Postal Credit Union $1.09B
- 10 Mid Minnesota Credit Union $833.9M
Highest return on assets
- 1 First Alliance Credit Union 3.20%
- 2 Ely Area Credit Union 2.58%
- 3 NorthRidge Community Credit Union 2.52%
- 4 Embarrass Vermillion Credit Union 2.08%
- 5 Hibbing Cooperative Credit Union 2.08%
- 6 Co-Op Credit Union of Montevideo 2.04%
- 7 Mayo Employees Credit Union 1.89%
- 8 Centricity Credit Union 1.74%
- 9 United Employees Credit Union 1.67%
- 10 Dawson Co-Op Credit Union 1.53%
Fastest-growing (organic)
- 1 First Alliance Credit Union 19.57%
- 2 St. Cloud Financial Credit Union 12.44%
- 3 Northern Communities Credit Union 11.03%
- 4 Co-Op Credit Union of Montevideo 9.70%
- 5 Brainerd B. N. Credit Union 9.36%
- 6 TruStone Financial Credit Union 9.13%
- 7 SPIRE Credit Union 9.01%
- 8 Minnesota Power Employees Credit Union 8.83%
- 9 Ely Area Credit Union 8.70%
- 10 South Metro Credit Union 8.55%
Leaderboards rank credit unions above $50M in assets on positive measures only (return on assets and organic asset growth, excluding merger-driven jumps); the largest board has no size floor.
The small credit unions in Minnesota
70 at the end of 2016, 30 at the end of 2025.
Median net worth ratio 14.83% against 10.88% for credit unions at or above the line. Median one-year member growth -0.89% against 0.87%.
Method. Compiled from public NCUA 5300 Call Report data (Q1 2026), covering federally insured credit unions headquartered in Minnesota that filed for the quarter. System totals are exact sums; ratios and growth are the median credit union in each place, computed through the same disclosed equations used across CUNinjas (a credit union that branches across state lines is counted only in its home state). Cells for a group of fewer than three credit unions are withheld. Population figures are U.S. Census Bureau Vintage 2024 estimates. Not affiliated with the NCUA.