Trades & Labor vs Carpenters
Comparing a Credit Union in Albert Lea, MN with a Credit Union in Saint Paul, MN using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| Trades & Labor ↗ Credit Union · Albert Lea, MN · Est. 1958 | Carpenters ↗ Credit Union · Saint Paul, MN · Est. 1953 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Credit Union | Credit Union |
| Location | Albert Lea, MN | Saint Paul, MN |
| Total assets | $22.9M | $43.9M |
| Net worth ratio | 14.9% | 16.0% |
| Return on assets | 1.5% | 1.5% |
| Shares & deposits | — | — |
| Members | 2,186 | 15,373 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #5 of 81 | #6 of 81 |
| Established | 1958 | 1953 |
Trades & Labor
- Assets: $22.9M
- Members: 2,186
- Capital ratio: 14.9%
- Return on assets: 1.5%
- CFPB complaints: 0
- State rank: #5 of 81
Carpenters
- Assets: $43.9M
- Members: 15,373
- Capital ratio: 16.0%
- Return on assets: 1.5%
- CFPB complaints: 0
- State rank: #6 of 81
Are both institutions federally insured?
Yes. Trades & Labor is NCUA-insured and Carpenters is NCUA-insured. Both protect deposits up to $250,000 per depositor, per ownership category, regardless of Trust Grade. The Trust Grade reflects financial strength and complaint history — not the safety of insured deposits. Estimate your coverage →
Frequently asked questions
Which is better, Trades & Labor or Carpenters?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — Trades & Labor scores higher with a grade of A (98/100). However, "better" depends on your needs: if you prioritize branch access, local service, or membership eligibility for a credit union, the lower-scoring option may still be the right choice for you.
Is Trades & Labor safe?
Yes — Trades & Labor is NCUA-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected regardless of the institution's Trust Grade. Its Trust Grade is A (98/100), reflecting its financial strength and complaint history relative to peers.
Is Carpenters safe?
Yes — Carpenters is NCUA-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected. Its Trust Grade is A (98/100).
What is the capital ratio of Trades & Labor vs Carpenters?
Trades & Labor has a net worth ratio of 14.9%, placing it in the top 45% of <$100M peers. Carpenters's ratio is 16.0%, placing it in the top 39% of <$100M peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does Trades & Labor have compared to Carpenters?
The CFPB database shows 0 complaints against Trades & Labor, and 0 complaints against Carpenters. The per-$1B rate adjusts for institution size and is a more meaningful comparison metric.
How does Bankzia calculate the Trust Grade?
The Trust Grade combines a financial strength score (based on capital ratio, return on assets, and other FDIC/NCUA metrics) with a customer experience score derived from CFPB complaint data. The scores are weighted and normalized within peer groups by institution size and type. See our full methodology for details.
Compare Trades & Labor with other Credit Unions in Minnesota
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is independent and not affiliated with any government agency or financial institution.
