Minnesota Power Employees
Minnesota Power Employees is a credit union based in Duluth, Minnesota, established in 1933, with $170 million in total assets serving 4,170 members. By Trust Grade it ranks 11th of 81 credit unions we track in Minnesota. Its net worth ratio of 13.6% is stronger than 78% of similarly sized credit unions, versus a Minnesota median of 12.2%. It was profitable over the most recent period, with a 1.26% return on assets. No consumer complaints against Minnesota Power Employees appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Minnesota Power Employees compares to Minnesota peers
How we graded Minnesota Power Employees
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.6% capital ratio)
- Strongly profitable (ROA 1.26%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Minnesota Power Employees over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Minnesota Power Employees insured?
Yes. Minnesota Power Employees is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Minnesota Power Employees: frequently asked questions
Is Minnesota Power Employees a good credit union?
Minnesota Power Employees earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (13.6% capital ratio); Strongly profitable (ROA 1.26%).
Is Minnesota Power Employees NCUA-insured?
Yes. Minnesota Power Employees is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Minnesota Power Employees?
Minnesota Power Employees holds $170 million in total assets, ranking 11th of 81 credit unions we track in Minnesota. It serves 4,170 members.
Does Minnesota Power Employees have CFPB complaints?
No CFPB complaints against Minnesota Power Employees appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
