Credit union · NCUA insured
Federated Employees Credit Union
Top CarrotA $66.4M credit union headquartered in Owatonna, MN, with 4,931 members and 2 branches in Minnesota. Best rates: CDs 4.42% and savings 2.78% APY.
Federated Employees Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 97% of U.S. banks and credit unions
#1 of 10 in Owatonna, MN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Federated Employees Credit Union
Established in 1934 by Federated Insurance employees, Federated Employees Credit Union is headquartered in Owatonna, Minnesota.
The member-owned, not-for-profit cooperative provides financial services to meet the needs of its members.
- Headquarters
- 1929 S Cedar Ave, Owatonna, MN 55060-4301
- NCUA charter
- 64703
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Membership is available to all Federated Insurance Companies employees and retirees.
Family and household
- Membership is available to spouses, children, grandchildren, parents, in-laws, and siblings of Federated Insurance Companies employees and retirees.
Cost to join
- A deposit of one share of $5 into a credit union savings account is required to become a member.
Branches
2 branches in Minnesota
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Minnesota
2 branches
- FECU Main OfficeMain office1929 S Cedar Ave, Owatonna, MN 55060Directions
- FECU Downtown Office121 E Park Sq, Owatonna, MN 55060Directions
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 | 13.17% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.19% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.80% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $65 | $59 | — |
- CapitalNet worth ratio13.17%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.19%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.80%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$65Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million 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 Federated Employees Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.