Federated Employees Owatonna MN Credit Union | Affordable Auto Loans & Business Banking

Introduction

Welcome to Federated Employees, your trusted financial partner located at 1929 S Cedar Ave, Owatonna, MN 55060. Established in 1934, we have proudly served our community for nearly 90 years, helping over 4,800 members achieve their financial goals. With total assets of $59,354,198 and deposits reaching $4,143,828, our commitment to providing secure and beneficial services remains steadfast. At Federated Employees, we understand that each member's financial journey is unique. That's why we offer a variety of services tailored to meet your needs from checking and savings accounts to auto loans and mortgages. Our team is dedicated to ensuring you have the support necessary to navigate your financial landscape confidently. While you can visit us at our branch for personal service, please note that any official correspondence should be sent to the same address: 1929 S Cedar Ave, Owatonna, MN 55060-4301. Under the leadership of CEO Annette Arndt and Board President John Hylle, our small yet passionate team of 9 employees works tirelessly to maintain a welcoming atmosphere where every member feels valued. We believe in building strong relationships within the community by offering exceptional products and personalized service. As a credit union that prioritizes member satisfaction and community impact, we are here for you. If you have questions or need assistance, don't hesitate to reach out! Call us at 507-455-5200 during our lobby hours from 7:00 AM to 4:30 PM, Monday through Friday. We invite you to discover how Federated Employees can help you thrive financially!

Branch History & Mission

Community Impact

As we look back on our history, we celebrate not just our growth in numbers but also the relationships we've built within Owatonna. Our drive-thru services and commitment to ADA compliance ensure that all members can access our services comfortably. We understand that being part of a community means lending a helping hand when needed. In closing, we invite you to join us at Federated Employees Credit Union. Experience firsthand how we can assist you with your financial needs while making a positive impact in the community. Reach out today at (507) 455-5200 or explore more about us online at Federated Employees. Your journey towards better financial health starts here!

Our Journey

Located at 1929 S Cedar Ave, our branch has been a cornerstone of the Owatonna community for nearly nine decades. The journey began with a small group of dedicated individuals who recognized the need for accessible financial services. Through hard work and dedication, we have expanded our offerings and assets to reach an impressive total of $59,354,198 today. While you can visit us at our main location, official correspondence should be sent to our mailing address: 1929 S Cedar Ave, Owatonna, MN 55060-4301. This ensures that your communications are handled efficiently.

Our Mission

At the heart of Federated Employees is our mission: to provide exceptional financial services while supporting the community we serve. We believe that everyone deserves access to banking solutions that empower them to achieve their goals. Whether it's through personal banking options like checking and savings accounts, auto loans, mortgages, or business banking services, we strive to meet the diverse needs of our members. We are also committed to enhancing member experience through digital advancements. With online banking available and mobile applications designed for convenience, managing your finances has never been easier. Our focus on customer service extends beyond just transactions; we actively engage in community outreach efforts to support local initiatives and partnerships.

Branch Location & Accessibility

Welcome to the Federated Employees branch, your friendly financial hub located at 1929 S Cedar Ave in Owatonna, MN! Our convenient location is nestled in Steele County, making it easy for you to access all the services you need right in the heart of the community. Whether you're visiting us for personal banking or exploring options for auto loans, we're here to help. If you're looking for landmarks, we're just a short drive from Owatonna's vibrant downtown area. You'll find ample parking available, and we've made sure our facility is accessible to everyone, with features like ramps and ADA compliance. Our lobby hours are designed with your busy schedule in mind; we're open Monday through Friday from 7:00 AM to 4:30 PM. Although we don't offer drive-thru services or ATMs at this location, our team is ready to assist you inside with a full range of personal banking options including checking and savings accounts, auto loans, mortgage loans, and more. For any official correspondence, please send it to our mailing address at 1929 S Cedar Ave, Owatonna, MN 55060-4301. Feel free to reach out to us at 507-455-5200 if you have any questions or if you'd like to learn more about how we can serve your financial needs. We invite you to visit us soon and experience the friendly service that sets Federated Employees apart!

Member Eligibility

At Federated Employees, we believe that everyone deserves access to a community-focused financial institution that truly cares about its members. Becoming a member is simple and rewarding! If you're looking to join us at our welcoming location in 1929 S Cedar Ave Owatonna Mn 55060, you'll find that eligibility is open to those who work for certain organizations, live in specific areas, or have family members who are already part of our credit union family. This means that if you have a connection to our community, you're likely eligible to enjoy all the benefits we offer, from personalized banking services to competitive loan rates. To learn more about the specific eligibility criteria and see if you qualify, feel free to visit our detailed guide at . Once you're ready to become a member, opening an account with us is straightforward! Just reach out by calling (507) 455-5200, and our friendly team will assist you through the process. Join us today and experience the advantages of being part of Federated Employees where your financial well-being is our top priority!

Business Banking & Commercial Services

Merchant Services That Make a Difference

Imagine being able to accept payments easily from your customers, whether they're shopping in-store or online. Our merchant services simplify payment processing, allowing you to focus on what matters most growing your business. From credit card processing to point-of-sale solutions, we've got you covered. Located at 1929 S Cedar Ave Owatonna Mn 55060 in Owatonna, MN, we're here to partner with you every step of the way. Let's work together to turn your business goals into reality! For more information, give us a call at (507) 455-5200.

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking

If you're a business owner, we've got you covered too! Our business banking services include merchant services and business loans tailored to help you thrive. Whether you're starting out or looking to expand, we're committed to supporting your entrepreneurial journey.

Credit Solutions

For those times when life throws unexpected expenses your way, our personal loans and debt consolidation services offer a safety net. You can consolidate various debts into one manageable payment, easing the burden on your monthly budget. And don't forget about our credit cards with rewards! With benefits designed to give back, every purchase you make could earn you points towards travel or cash back making everyday spending more rewarding.

Digital Access

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking features that allow you to manage your accounts from anywhere at any time. Check balances, transfer funds, or pay bills with just a few taps on your phone. Plus, our ATM and cash withdrawal services ensure you have access to your money whenever you need it. With our commitment to personalized service and community support, Federated Employees is more than just a bank it's a partner in your financial journey. Ready to explore what we can do for you? Give us a call at (507) 455-5200 or visit us online at Fecu Main Office. Let's take the next steps together toward achieving your financial goals!

Personal Banking

Our personal banking services cater to all aspects of managing your finances. With checking and savings accounts that fit your lifestyle, you can easily keep track of your spending while saving for those important goals. Imagine having a dedicated account for vacations or emergency funds; our flexible options allow you to do just that! When it comes to financing, we offer auto loans and vehicle financing that make purchasing your dream car within reach. Picture yourself driving off in that new vehicle, knowing you have secured an affordable rate through Federated Employees. We also provide mortgage loans and refinancing options for those looking to buy their first home or refinance their current mortgage for better rates.

Digital & Online Banking

Easy Transactions

Sending money to friends or family is straightforward with our person-to-person transfer option. Just enter the recipient's information, and the funds are on their way in no time. For those moments when you're out shopping or dining, you can enjoy the ease of mobile payments through our app. At Federated Employees, we prioritize your financial needs while ensuring a user-friendly experience. Our commitment to providing safe and accessible banking solutions reflects our dedication to serving you better every day. Join us online today at https://www.fedecu.com/ and take control of your financial journey!

Key Features

Our online banking service is available 24/7, allowing you to check balances, transfer funds, and pay bills whenever it suits you. Whether you're at home or on the go, you can access your account easily and securely. Plus, our mobile application makes it even simpler to manage your accounts right from your smartphone. For those who prefer going paperless, we offer e-statements that allow you to view your account statements online whenever you need them. This not only helps you stay organized but also enhances security by reducing the risk of lost or stolen mail. If you ever need to sign documents, our electronic signature authorization feature means you can do so without the hassle of printing and mailing paperwork.

Financial Strength

At Federated Employees, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to highlight our robust financial health, which ensures that we can continue to support you in achieving 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. With a net worth of $7,958,227, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,341 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $20,405,368 in share certificates and $9,629,350 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $7,862,868 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is significant; with $769 in used auto loans and $34,497,555 in total loans and leases, we support our members' financial goals across various sectors. Our operational efficiency is reflected in our $95,359, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 8 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. In summary, our total share accounts stand at 8,548, showcasing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Federated Employees is your trusted partner. Visit us at 1929 S Cedar Ave Owatonna Mn 55060 or call (507) 455-5200 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $13,172,895 in used vehicle loans and $8,392,970 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new vehicle or a reliable used one, our flexible terms can fit your budget.

Credit Lines

For those looking for more financial flexibility, our total credit lines amount to $1,000,000. This product is perfect for individuals who want access to cash when necessary while only paying interest on what they use. If you're considering refinancing options or would like to know more about eligibility requirements for our loan products, please don't hesitate to reach out. Our team is here to assist you every step of the way. You can visit us at our branch located at 1929 S Cedar Ave Owatonna MN 55060 or give us a call at 507-455-5200 during our operating hours from 7:00 AM to 4:30 PM. We're committed to helping you find the right loan product tailored just for you!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $6,512,079, make buying or refinancing simple. We provide support throughout the process to ensure you find the right mortgage solution for your situation.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $0 in loans helping members manage their finances effectively. This allows you to have access to funds when you need them without the hassle of collateral.

Loan Aggregator

Accurate Loan Comparisons

Loan data on LendMesh is sourced 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 you can trust that the offers you see are fair and transparent. Each lender's rate is carefully vetted to ensure it reflects the latest market conditions.

Benefits of Using LendMesh

- Verified Data: Loan offers come from legitimate financial institutions. This guarantees transparency in what you're viewing. - No Sponsored Listings: Unlike other platforms, LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: You'll find up-to-date loan rates from multiple institutions, empowering you to make informed decisions about your borrowing options. 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!" Such testimonials highlight how effective this tool can be in securing better rates. 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.*