Credit union · NCUA insured
Trades & Labor FCU
A $22.9M credit union headquartered in Albert Lea, MN, with 2,186 members and 1 branch in Minnesota. Best rates: CDs 3.50% and savings 0.20% APY.
Trades & Labor FCU Carrot Score
70
Carrot Score
Higher than 26% of U.S. banks and credit unions
#5 of 8 in Albert Lea, MN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Trades & Labor FCU
Chartered in 1958 as Albert Lea-Blue Earth Building and Construction Trades Council Credit Union, the credit union became Albert Lea Trades & Labor Assembly Credit Union in 1968 and Trades & Labor Credit Union in 1991.
Headquartered in Albert Lea, Minnesota, where it moved to a former train depot in 1992, the credit union converted from a state charter to a federal charter as Trades & Labor Federal Credit Union in 2002.
- Headquarters
- 610 S Broadway Ave, Albert Lea, MN 56007-4526
- NCUA charter
- 24674
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This may be incomplete or out of date, so check with the credit union before you apply.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 within certain underserved areas of Albert Lea is eligible for membership.
Employers and groups
- Employees and their families of Streaters under contract with Carpenters Local 766 are eligible.
- Employees and their families of ALAMCO Wood Products, Wells Concrete, and Waste Systems are eligible.
- Employees and their families of Mayo Clinic under contract with SEIU Mayo are eligible.
- Employees and their families of Dave Syverson Ford, Motor Inn Company, and Vern Eide Motors under contract with United Auto are eligible.
- Employees and their families of groups under contract with UFCW Local 6 (Ventura Foods, Cargill, Albert Lea Select Foods, Minnesota Freezer, Birds Eye Foods in Waseca, Lakeside Foods in Owatonna, Smithfield Meats in Mason City) are eligible.
2 more ways to join
Family and household
- Immediate family members (spouse, child, sibling, parent, grandparents, grandchild, or step-family members) of members are eligible.
- Persons living in the same household (defined as living in the same residence maintaining a single economic unit) as an eligible member are eligible.
Branches
1 branch in Minnesota
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Minnesota
1 branch
- Trades & Labor FcuMain office610 S Broadway Ave, Albert Lea, MN 56007Directions
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 | 15.27% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.04% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.60% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $76 | $59 | — |
- CapitalNet worth ratio15.27%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.04%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.60%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$76Peers’ 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 Trades & Labor FCU are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.