Credit union · NCUA insured
Minnesota Power Employee Credit Union
A $170.3M credit union headquartered in Duluth, MN, with 4,170 members and 3 branches in Minnesota. Best rates: CDs 2.99% APY.
Minnesota Power Employee Credit Union Carrot Score
77
Carrot Score
Higher than 45% of U.S. banks and credit unions
#16 of 29 in Duluth, MN-WI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Minnesota Power Employee Credit Union
Founded in 1933, Minnesota Power Employees Credit Union is a state-chartered, member-owned financial cooperative.
Headquartered in Duluth at Minnesota Power's headquarters with a second branch on Arrowhead Road, it serves Carlton and St. Louis counties in Minnesota and Douglas County in Wisconsin.
- Headquarters
- 30 W Superior St Ste 126, Duluth, MN 55802-2191
- NCUA charter
- 60377
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This may be incomplete or out of date, so check with the credit union before you apply.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
- Anyone who lives, works, worships, or attends school in St. Louis and Carlton Counties in Minnesota and Douglas County in Wisconsin is eligible.
Employers and groups
- Full-time or Part-time, Contract, Interns, and Temporary Employees of listed partner Employer Groups are eligible for membership.
Family and household
- Spouses, children, step-children, parents, brothers, sisters, grandparents, grandchildren, aunts, uncles, nieces, and nephews of current members (through blood or adoption) are eligible.
- A non-relative living with a current member is eligible for membership.
Other ways
- Members who leave employment of a partner group, and their family members with accounts, can remain members under 'Once a Member, Always a Member'.
Cost to join
- Membership requires filling out an application and establishing a savings account with a $5.00 minimum balance.
Branches
3 branches in Minnesota
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Minnesota
3 branches
- MpecuMain office30 W Superior St Ste 126, Duluth, MN 55802Directions
- Arrowhead Branch3308 W Arrowhead Rd, Duluth, MN 55811Directions
- Miller Plaza1405 Miller Trunk Hwy, Duluth, MN 55811Directions
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 | 14.66% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 1.92% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.35% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $85 | $76 | — |
- CapitalNet worth ratio14.66%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late1.92%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.35%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$85Peers’ 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 Minnesota Power Employee Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.