Credit union · NCUA insured
Co-op Credit Union
Top CarrotA $423.8M credit union headquartered in Montevideo, MN, with 17,910 members and 4 branches in Minnesota. Best rates: CDs 4.20% and savings 2.75% APY.
Co-op Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 92% of U.S. banks and credit unions
#1 of 6 in Willmar, MN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Co-op Credit Union
Organized in 1940 and chartered in April 1940 by the Minnesota Commerce Department, Co-op Credit Union of Montevideo is owned by the members it serves.
The credit union merged with Benson Community Credit Union and Clara City Co-op Credit Union in the 1980s, and acquired the assets of Canby Co-op Credit Union in the 1990s.
Offering specialized agriculture and business financing, it serves eight Minnesota counties including Swift, Lac qui Parle, Chippewa, Kandiyohi, Yellow Medicine, Renville, Lincoln, and Lyon.
- Headquarters
- 2407 E Highway 7, Montevideo, MN 56265-3151
- NCUA charter
- 62419
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship or attend school in, and businesses and other legal entities located within Swift, Lac qui Parle, Chippewa, Renville, Yellow Medicine, Lincoln and Lyon counties in Minnesota are eligible for membership.
Employers and groups
- Employees of the Co-op Credit Union of Montevideo are eligible for membership.
- Members, shareholders, or employees of Farmers Co-op Oil Company, Clara City are eligible for membership.
- Members, shareholders, or employees of Farmers Union Oil Company of Montevideo are eligible for membership.
- Members, shareholders, or employees of Minnesota Valley Co-op Light & Power Association are eligible for membership.
Family and household
- Spouses of regularly qualified members, blood or adoptive relatives of either of them, and their spouses are eligible for membership.
Cost to join
- A membership share account can be opened with as little as $5.00.
Branches
4 branches in Minnesota
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Minnesota
4 branches
Montevideo area · 1
- Co-op Credit Union of MontevideoMain office2407 E Highway 7, Montevideo, MN 56265Directions
Benson area · 1
- Co-op Credit Union1501 Minnesota Ave, Benson, MN 56215Directions
Canby area · 1
- Co-op Credit Union1003 Saint Olaf Ave N, Canby, MN 56220Directions
Willmar area · 1
- Co-op Credit Union501 19th Ave SE, Willmar, MN 56201Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 15.80% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 3.18% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.97% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $81 | $76 | — |
- CapitalNet worth ratio15.80%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late3.18%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.97%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$81Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Co-op Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.