MINNESOTA POWER EMPLOYEES Credit Union Profile

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MINNESOTA POWER EMPLOYEES

Charter #60377 | NCUA Region 3 | FISCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (218) 336-1800

Fax: (218) 336-1839

Founding Date: N/A

Website: http://www.mpecu.com

Personnel & Operations

President: Podratz, Marcia

Manager: Olsen, Jason

FT Employees: 19

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 3

Hours: MONDAY THROUGH FRIDAY 8:00 A.M TO 5:00 P.M.

Credit Union Profile Summary

MINNESOTA POWER EMPLOYEES is a FISCU Credit Union. With a total of 4,990 members [1], this institution manages approximately $156,724,210 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 13.9% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 15.66% [1].

Financial Snapshot

Total Assets [1]
$156,724,210

Total economic resources.

Total Loans [1]
$120,014,339

Total value of outstanding loans.

Total Deposits [1]
$122,164,408

Total funds deposited by members.

Members [1]
4,990

Number of active members.

Performance Ratios

Net Worth Ratio [1]
13.9%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.26%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
98.24%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 3.00%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 15.66%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -2.25%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

30 W SUPERIOR ST STE 126

DULUTH, MN, 55802-2191
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 3 branches reported by MINNESOTA POWER EMPLOYEES (Charter #60377).

Main Office

MPECU Main Office

Type: Corporate Office

30 W Superior St Ste 126

Duluth, MN 55802-2191

Phone: (218) 336-1800

Services: Member Services, ATM

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Additional Branches

Duluth

Arrowhead Branch

Type: Branch Office

3308 W Arrowhead Rd

Duluth, MN 55811

Phone: (218) 336-1800

Services: Member Services, Drive-Thru

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Miller Plaza

Type: Branch Office

1405 Miller Trunk Hwy

Duluth, MN 55811-5613

Phone: (218) 336-1800

Services: Member Services, Drive-Thru

Open in Directions