Co-op Credit Union Benson MN | Affordable Auto Loans & Business Banking

Introduction

Welcome to Co-op Credit Union Of Montevideo, your trusted financial partner since 1940! Located at 1501 Minnesota Ave, Benson, MN 56215, we are proud to serve a vibrant community of over 17,132 members. Our commitment goes beyond just banking; we strive to empower our members with the resources and support they need to thrive financially. At Co-op Credit Union, we understand the importance of reliable financial services. With total assets exceeding $365 million and total deposits of $9,617,165, our strong foundation allows us to offer a wide range of products tailored to meet your needs. Whether you're looking for auto loans, mortgages, or personal banking solutions, we've got you covered with over 9,087 loans and leases available. Our dedicated team of 50 employees, led by CEO Kayla Reiffenberger and Board President Jason French, is here to provide personalized service that puts you first. We take pride in our community impact and are constantly seeking ways to give back, ensuring that every member feels valued. For your convenience, while members can visit us at our branch for all their banking needs, official correspondence should be sent to the same address: 1501 Minnesota Ave, Benson, MN 56215. We invite you to explore our website at co-opcreditunion.com for more information about our services or to reach out at (320) 843-4210. Join us today and discover how we can help you achieve your financial goals!

Branch History & Mission

At Co-op Credit Union of Montevideo, we take pride in our rich history and unwavering commitment to serving our members and community. Established in 1940, our branch has grown from a small local credit union into a trusted financial partner for over 17,000 members in Benson, MN. Our journey reflects the dedication and resilience of our community, as we have continually evolved to meet the changing needs of those we serve. Located at 1501 Minnesota Ave, Benson, MN 56215, our branch is easily accessible for all your banking needs. Over the years, we've achieved significant milestones that highlight our growth and stability. With total assets now reaching an impressive $365,224,180, we stand as a pillar of financial strength within the region. Our commitment to excellent service has allowed us to build lasting relationships with our members and provide essential services that empower them financially. Our mission is simple yet powerful: We strive to enhance the quality of life for our members by providing affordable financial services while fostering community development. We believe that everyone deserves access to reliable banking options and support. That's why we offer a range of services including personal banking, auto loans, mortgages, credit cards with rewards, and business banking solutions. In addition to traditional banking services, we are proud to embrace digital advancements that make banking easier for everyone. Our members can enjoy features like online banking and mobile payments while knowing that their financial information is secure. We also focus on ADA compliance to ensure that all our members can access our services comfortably. While you can visit us at our branch location for face-to-face assistance or utilize our drive-thru service for quick transactions, we also recognize the importance of community outreach. We actively participate in local events and initiatives aimed at improving the lives of those in Benson and beyond. By partnering with various organizations, we strive to make a positive impact and contribute to the well-being of our neighbors. As we look ahead, we invite you to join us on this journey. Experience the benefits of membership at Co-op Credit Union of Montevideo where your financial success is our priority. Whether you're looking to open an account or explore loan options, we're here to help you every step of the way. Don't hesitate connect with us today at 320-843-4210 or visit our website for more information about how you can become part of our family!

Branch Location & Accessibility

Welcome to the Co-op Credit Union, your friendly neighborhood financial partner located at 1501 Minnesota Ave in Benson, MN. Our branch is nestled right in the heart of Swift County, making it a convenient stop for all your banking needs. Whether you're commuting through town or visiting nearby landmarks, like the local parks and community centers, we're here to serve you. While members can visit us at our branch address, please note that official correspondence should be directed to the same address for simplicity. At Co-op Credit Union, accessibility is a priority. Our building features ADA-compliant access points and convenient parking options, ensuring everyone can visit us with ease. We understand that life can be busy, so we've tailored our operating hours to fit your schedule. Join us Monday through Wednesday and Friday from 9 AM to 4 PM, and on Thursday, we're here until 6 PM. Our drive-thru service also offers a quick way to handle deposits and withdrawals without leaving your vehicle. Currently, we do not have ATM services available on-site; however, our shared service center allows members of partner credit unions to perform essential transactions as well. If you have questions or need assistance, feel free to give us a call at 320-843-4210. At Co-op Credit Union, we're dedicated to making your banking experience smooth and friendly. We invite you to stop by today and discover how we can help meet your financial goals!

Member Eligibility

Becoming a member of Co-op Credit Union Of Montevideo is like joining a family that truly cares about your financial well-being. We welcome individuals who live, work, or worship in our community, as well as their family members. If you're looking for a supportive environment where you can access personalized banking services and build lasting relationships, you're in the right place. At Co-op Credit Union Of Montevideo, we offer a variety of financial products tailored to your needs, including checking and savings accounts, auto loans, and more. To learn more about our membership criteria and see if you qualify, please visit our website at https://co-opcreditunion.com/about-us/membership/ . It's an easy process, and if you're ready to take the next step towards membership, check out the account opening details at https://my.co-opcreditunion.com/enroll . Should you have any questions or need assistance, don't hesitate to reach out to us at (320) 843-4210. We're excited to welcome you into our community at Co-op Credit Union Of Montevideo, located at 1501 Minnesota Ave Benson Mn 56215!

Business Banking & Commercial Services

Business Loans for Growth

Imagine having the capital to invest in new equipment or expand your operations. Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $984 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $1 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $119,304,565, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services that Simplify Transactions

In addition to loans, we offer merchant services that streamline payment processing. This means you can focus on what you do best running your business while we handle transactions smoothly. Whether it's accepting card payments or managing online sales, our services are tailored to fit your needs. Visit us at 1501 Minnesota Ave Benson Mn 56215 in Benson, MN, and discover how Co-op Credit Union Of Montevideo can empower your business journey. For more information, call us at (320) 843-4210 or check out our website here.

Comprehensive List Of Services

Business Banking

If you're a business owner, we have specialized services just for you! Our business banking solutions include merchant services and business loans designed to help your enterprise grow. We know how important it is for businesses to have reliable financial backing, and we're here to support you.

Contact Us Today!

With so many services available at Co-op Credit Union Of Montevideo, we invite you to explore how we can meet your financial needs. If you have questions or want to learn more about any of our offerings, don't hesitate to reach out at 320-843-4210 or visit us online at co-opcreditunion.com. Let us partner with you on your journey toward financial success!

Credit Cards

For those who love rewards, our credit cards come with great benefits that can enhance your purchasing power while earning rewards along the way. Use them for everyday purchases and watch as points add up towards exciting rewards!

Drive-Thru and Shared Branch Transactions

For those who prefer face-to-face interactions but want quick service, our drive-thru banking provides an efficient option for deposits and withdrawals. We also participate in shared branching transactions, meaning members from partner credit unions can access their accounts easily at our location.

Home Financing

If you're considering buying a home or refinancing your existing mortgage, our mortgage loans are designed with your needs in mind. We provide personalized support throughout the process, ensuring that you understand every aspect of your mortgage so you can make informed decisions.

Online & Mobile Banking

In today's fast-paced world, convenience is key. Our online and mobile banking platforms allow you to manage your accounts anytime, anywhere. Pay bills, transfer funds, and check balances all from the palm of your hand. Plus, features like person-to-person payments make sending money as easy as sending a text.

Personal Banking

We understand that managing your finances is crucial for achieving your goals. That's why we offer a variety of personal banking options. From checking and savings accounts that help you manage daily expenses, to auto loans and vehicle financing, we've got you covered. Imagine driving off in a new car without breaking the bank our competitive rates make it possible.

Personal Loans

Sometimes life throws unexpected expenses your way. Our personal loans can assist with debt consolidation or other financial needs, allowing you to regain control over your finances. Picture simplifying multiple payments into one manageable monthly loan this is what we aim to offer.

Digital & Online Banking

Enhanced Features

One of the standout features is our mobile payments capability. You can make quick and easy payments directly from your smartphone no need for cash or checks. We also support person-to-person transfers, so sending money to friends or family is simple and fast. Security is a top priority at Co-op Credit Union Of Montevideo. Our systems are built to protect your personal information while ensuring a smooth user experience. With these tools at your fingertips, managing your finances has never been easier. In summary, whether you're looking for 24/7 online banking services or the flexibility of mobile banking options, Co-op Credit Union Of Montevideo has you covered. Experience the ease and security of our digital banking solutions today!

Key Services

Our online banking platform at https://co-opcreditunion.com/ makes it easy for you to access your accounts 24/7. Whether you're checking your balance, transferring funds, or paying bills, everything is just a login away. You can also take advantage of electronic signature authorization, allowing you to sign documents securely without needing to visit the branch. If you prefer to go paperless, we offer e-statements that let you view your account statements online. This not only keeps things organized but also helps the environment! Plus, with our mobile application, you'll have all your banking needs right in your pocket. From making payments to checking transactions, it's all streamlined for your convenience.

Financial Strength

Commitment to Growth

With $51,492,730 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $2,640 in used auto loans and a total of $250,490,415 in loans and leases. Our operational efficiency is reflected in our impressive net income of $3,377,065, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 45 full-time employees and 5 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Member Trust

Total Share and Deposit Accounts stand at 32,738, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments) total $2,862,197, further highlighting our commitment to supporting your financial needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Co-op Credit Union Of Montevideo is your trusted partner. Visit us at 1501 Minnesota Ave Benson MN 56215 or call us at 320-843-4210 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results.*

Secure Savings Options

Members' savings are secured through $104,342,869 in share certificates and $29,049,623 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $104,621, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Health

With a net worth of $54,903,445, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 15.03% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $32,424,242 in used vehicle loans and $7,978,074 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates to ensure you can afford the vehicle you need.

Credit Lines

If you're seeking additional flexibility for unexpected expenses or planned purchases, our credit lines are available with a total of $47,376,758. This option allows you to borrow what you need when you need it without the hassle of applying for separate loans.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $9,162,666, making it easier for you to invest in your future. Whether you're a first-time homebuyer or looking to refinance an existing loan, we can help guide you through the process.

Refinancing Options

If you're considering refinancing any of your existing loans or mortgages for better rates or terms, we are here to help. Our team is ready to discuss eligibility options tailored specifically for you. For more information about our loan offerings or if you'd like to discuss your specific financial situation, feel free to reach out at 320-843-4210. You can visit us at 1501 Minnesota Ave Benson Mn 56215 during our operating hours: 9 am - 4 pm Monday-Wednesday and Friday; 9 am - 6 pm Thursday. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Let Co-op Credit Union Of Montevideo be your partner in achieving financial success!

Unsecured Credit Card Loans

Managing finances can be tricky at times. That's why we also offer flexible terms on unsecured credit card loans, with a total of $1,176,796 in loans helping members effectively manage their finances. These cards come with benefits that suit various spending habits and lifestyles.

Loan Aggregator

Accurate Loan Comparisons

LendMesh ensures accurate loan comparisons by sourcing data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This means that every loan offer you see on LendMesh comes from legitimate financial institutions, ensuring fair and transparent options for all users.

Benefits of Using LendMesh

- Verified Data: All loan offers are sourced from credible financial institutions. This guarantees that you are looking at real and trustworthy rates. - No Sponsored Listings: Unlike many comparison tools that may prioritize lenders based on paid promotions, LendMesh focuses solely on providing unbiased results. You can trust that the options presented are based on merit rather than marketing dollars. - Real-Time Rate Comparisons: With access to up-to-date loan rates from multiple institutions, LendMesh empowers you to make well-informed choices quickly. Thousands of users trust LendMesh for loan comparisons. One member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This feedback highlights the effectiveness of the tool in delivering valuable insights. If you're looking to explore your options for loans without the hassle, compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

CO OP CREDIT UNION OF MONTEVIDEO CREDIT UNION