Applications / Mortgage Analytics / Lenders / Minnesota / Minnco Credit Union
Cambridge, MN · Credit union · NCUA · $602 million assets · 251 loans in 2025
Minnco Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
251
loans originated, 2025
438
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Minnco Credit Union seldom finances home purchases; it makes small loans for home improvement and other purposes, and many go to borrowers of modest means.
Home improvement made up 33.1% of its loans and other purposes 25.1%; purchases were only 13.5%. Its typical loan was $65,000, against $105,000 at similar lenders (credit unions making between half and twice as many loans). About nineteen in twenty of them made larger loans.
Low- and moderate-income (LMI) borrowers took 42.1% of its loans, against 27.7% at similar lenders, higher than at about nine in ten of them. Poorer neighborhoods (LMI tracts) took 19.5%, against 16.1%. Small home-improvement and other-purpose loans may suit modest incomes better than purchase loans do.
It made 251 loans, up 2% from 245, while similar lenders grew 6% and the whole market 10%. In 2020 it made 219. Its 2025 merger with St. Paul Telco Credit Union is counted in the competition figures.
Only 0.4% of its loans were in majority-minority areas, against 12.0% at similar lenders. Its lending is centered on Minnesota, across 21 counties, and those counties may simply contain few such areas. It ranks 153 of 688 lenders in Minneapolis-St. Paul-Bloomington.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Minnco Credit Union took 438 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 33.1% · Refinance 28.3% · Other 25.1% · Purchase 13.5%
Conventional 100.0% · of 251 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Minnesota | 249 | 99.2% |
| Wisconsin | 2 | 0.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 223 |
| St. Cloud | 4 |
| Duluth | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300X83ACLZT2UNN87 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 877097 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 563639 | 1991–2017 |
Established 1 January 1935. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Minnco Credit Union's data.
Minnco Credit Union's data
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Minnco Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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