NOVATION Credit Union Profile

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NOVATION

Charter #65063 | NCUA Region 3 | FISCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (651) 739-8080

Fax: (651) 739-0648

Founding Date: N/A

Website: http://www.Novation.org

Personnel & Operations

President: Edinger, Mary

Manager: Kronebusch, Michael

FT Employees: 33

PT Employees: 3

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 4

Hours: M-F 8:30AM-5:00PM

Credit Union Profile Summary

NOVATION is a FISCU Credit Union. With a total of 15,016 members [1], this institution manages approximately $239,736,212 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 10.16% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 3.66% [1].

Financial Snapshot

Total Assets [1]
$239,736,212

Total economic resources.

Total Loans [1]
$166,307,497

Total value of outstanding loans.

Total Deposits [1]
$214,692,477

Total funds deposited by members.

Members [1]
15,016

Number of active members.

Performance Ratios

Net Worth Ratio [1]
10.16%

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]
1.07%

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

Loan-to-Share Ratio [1]
77.46%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 4.55%

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

Loan Growth (4Q) [1]
↑ 3.66%

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

Member Growth (4Q) [1]
↓ -12.33%

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

Headquarters Location & Map

Headquarters Address

500 IMPERIAL AVE N

OAKDALE, MN, 55128-7151
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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 2 branches reported by NOVATION (Charter #65063).

Main Office

Novation Credit Union Main Office

Type: Corporate Office

500 Imperial Ave N

Oakdale, MN 55128-7151

Phone: (651) 739-8080

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Hutchinson

Hutchinson Branch

Type: Branch Office

45 Hassan St SE

Hutchinson, MN 55350

Phone: (320) 587-4666

Services: Member Services

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