Credit union · NCUA insured
Heartland Credit Union
A $176.4M credit union headquartered in Inver Grove Heights, MN, with 10,468 members and 4 branches in Minnesota. Best rates: CDs 4.00% and savings 2.55% APY.
Heartland Credit Union Carrot Score
85
Carrot Score
Higher than 70% of U.S. banks and credit unions
#24 of 97 in Minneapolis, MN-WI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Heartland Credit Union
Formerly Heartland Credit Union, the institution is now Novation Credit Union, a member-owned, not-for-profit financial cooperative.
Credit union membership is open to individuals who live, work, worship, attend school, or volunteer across eleven Minnesota counties.
- Headquarters
- 5500 S Robert Trl, Inver Grove Heights, MN 55077
- NCUA charter
- 64168
Branches
4 branches in Minnesota
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Minnesota
4 branches
- Main OfficeMain office5500 S Robert Trl, Inver Grove Heights, MN 55077Directions
- Lol4001 Lexington Ave N, Arden Hills, MN 55126Directions
- Hugo14727 Victor Hugo Blvd N, Hugo, MN 55038Directions
- New Prague100 Alton Ave, New Prague, MN 56071Directions
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 | 10.06% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.83% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.03% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $70 | $76 | — |
- CapitalNet worth ratio10.06%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.83%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.03%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$70Peers’ 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 Heartland Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.