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

Introduction

Welcome to Federated Employees, your trusted financial partner since 1934. Located at 121 E Park Sq, Owatonna, MN 55060, we are dedicated to serving our community with a personal touch and a commitment to helping you achieve your financial goals. With a robust membership of 4,820 individuals, we pride ourselves on providing top-notch services tailored for every member of our community. At Federated Employees, we understand that managing your finances is more than just numbers; it's about fostering relationships and building a secure future. Our total assets stand at an impressive $59,354,198, reflecting our solid foundation and dedication to your financial wellbeing. We currently offer loans and leases totaling 1,940, enabling us to meet the diverse needs of our members. While you can visit us at our branch for all your banking needs, please note that any official correspondence should be sent to the same address: 121 E Park Sq, Owatonna, MN 55060-3046. You can also reach us directly at 507-455-5116 for any inquiries or assistance. Under the leadership of our CEO, Annette Arndt, and Board President, John Hylle, we are focused on ensuring that every member feels valued and supported. Our team of 9 employees is here to guide you through various services including personal banking, auto loans, mortgages, credit cards with rewards, and much more. We invite you to explore our offerings further by visiting our website at www.fedecu.com. Whether you're looking to open a new account or seeking advice on loans and refinancing options, we're here for you every step of the way. Join us in building a brighter financial future together!

Branch History & Mission

At Federated Employees, we take pride in our rich history that dates back to 1934. Founded with the goal of providing exceptional financial services to our community, our branch has grown and evolved significantly over the years. Located at 121 E Park Sq, Owatonna, MN 55060, we have been a trusted partner for countless individuals and families in the area. As we celebrate over 4820 members today, our commitment to enhancing their financial well-being remains steadfast. The journey of Federated Employees began with a simple mission: to empower our members through accessible and affordable financial solutions. Over the decades, we have expanded our services to include personal banking, auto loans, mortgage options, credit cards with rewards, and business banking solutions. Our total assets have reached an impressive $59,354,198, reflecting the trust placed in us by our valued members. Our mission is clear: we strive to make financial services available and beneficial for everyone in our community. We believe in supporting not just individual financial goals but also fostering community growth through outreach programs and partnerships. We are dedicated to serving you with integrity and transparency while ensuring that your experience with us is nothing short of excellent. While members can visit us at 121 E Park Sq, official correspondence should be sent to 121 E Park Sq, Owatonna, MN 55060-3046 if different from the branch address. Our operating hours are from 9:00 am to 3:30 pm CST, making it convenient for you to come in or contact us at 507-455-5116. At Federated Employees, we embrace modern technology to better serve you. With features like online banking and mobile applications, managing your finances has never been easier. We remain committed to ensuring accessibility for all members, including those who require ADA-compliant services. As we look toward the future, we invite you to join us on this journey. Experience the benefits of being a member of Federated Employees. Together, let's build a stronger community rooted in trust and support. Visit us today or explore more about what we offer by checking out our website here.

Branch Location & Accessibility

Call to Action

Whether you're looking to open a new account or explore financing options, we invite you to stop by the Federated Employees branch today! Join us at 121 E Park Sq in Owatonna for personalized service tailored just for you. We look forward to welcoming you!

Nearby Landmarks and Accessibility

Nestled close to local favorites like the Steele County History Center and Owatonna's vibrant downtown shops, our location is perfect for a visit before or after your errands. We prioritize accessibility for all our members, featuring ADA-compliant entrances and ample parking nearby, ensuring that everyone can enjoy a hassle-free experience.

Operating Hours and Services

We understand that life gets busy, which is why our lobby hours are designed to fit your schedule. Visit us from 9:00 am to 3:30 pm CST on weekdays. While we currently do not offer ATM services or drive-thru banking, our dedicated team is ready to assist you inside the branch with a variety of services including checking and savings accounts, auto loans, mortgages, personal loans, and more. If you need to reach us outside of your visit, don't hesitate to call us at 507-455-5116. Our friendly staff is always happy to answer your questions!

Member Eligibility

Becoming a member of Federated Employees feels like stepping into a welcoming community where your financial needs are truly understood. If you live, work, or attend school in the area, you're already on the right track to join us! We aim to support our members with personalized services that go beyond standard banking. The eligibility criteria are straightforward and designed to include as many people as possible. For more detailed information on who can join, we encourage you to visit our website at . Joining is simple and convenient. Just swing by our branch located at 121 E Park Sq Owatonna Mn 55060, or give us a call at (507) 455-5116 for guidance on how to open an account. We're here to help you every step of the way, ensuring that you feel right at home as part of the Federated Employees family!

Business Banking & Commercial Services

Merchant Services That Work

In today's fast-paced world, efficient payment solutions are crucial. Our merchant services allow you to accept payments seamlessly, whether online or in-person. Imagine being able to focus on serving your customers while we handle the transactions smoothly this means more time for what matters most: growing your business. Visit us at 121 E Park Sq Owatonna Mn 55060 in Owatonna, MN, or call us at (507) 455-5116 to learn how our business banking and commercial services can help your venture thrive!

Tailored Loan Solutions

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. For those who aren't yet members, we also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that adapt to your needs. 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

Small business owners will appreciate our dedicated business banking services, which include merchant services and business loans. We know how challenging running a business can be, so we're here to support you with tools that simplify transactions and help fund your growth.

Digital Banking Features

In today's fast-paced world, convenience is key. That's why at Federated Employees, we provide robust online and mobile banking platforms. Whether it's checking your balance from home or transferring funds on the go, our digital services make it easy to manage your accounts anytime, anywhere. You can even take advantage of e-statements for hassle-free record-keeping. While we currently do not have ATM access at this branch location, rest assured that our online banking capabilities allow for cash withdrawal services through various partners. We invite you to explore all these offerings at Fecu Downtown Office, located at 121 E Park Sq Owatonna Mn 55060. If you have any questions or would like more information about any of our services, don't hesitate to reach out! Call us at (507) 455-5116, or visit our website at https://www.fedecu.com/. Join us today and discover how we can help you achieve your financial goals!

Home Financing

Thinking about buying a home? Our mortgage loans and refinancing options can help turn that dream into reality. We guide you through every step of the mortgage process, ensuring you understand your choices and helping you secure the best possible rate.

Personal Banking

When it comes to personal banking, we understand that everyone has unique needs. That's why we offer checking and savings accounts designed for all lifestyles. Whether you're saving for a dream vacation or managing day-to-day expenses, our accounts come with features that help you keep track of your finances effortlessly. For those looking to purchase a vehicle, our auto loans and vehicle financing options provide competitive rates and flexible terms. We know how important reliable transportation is, so we strive to make the loan process straightforward and stress-free.

Personal Loans & Credit

If you're facing unexpected expenses or considering consolidating debt, our personal loans and debt consolidation services can provide the financial relief you need. With flexible repayment plans, we work with you to find solutions that fit your budget. For everyday purchases, our credit cards with rewards offer cashback on your spending while providing security and convenience. Imagine earning rewards just for using your card for regular purchases!

Digital & Online Banking

Key Services

Our online banking service allows you to enjoy features like electronic signature authorization, which simplifies the process of signing documents without the hassle of paperwork. Plus, with e-statements available, you can say goodbye to cluttered mailboxes and keep track of your finances in a more organized way. If you're looking for quick ways to send money, our person-to-person transfer feature makes it simple to send or receive funds instantly. And if you're always on the go, you'll appreciate our mobile application, which provides all the functionalities of our online banking right at your fingertips.

Security and Accessibility

Security is a top priority for us. Our digital services are designed with advanced security measures to protect your information while giving you peace of mind. You can manage your account in real-time from the comfort of your home or on the go without worrying about safety. Whether you're making payments or checking balances, Federated Employees ensures that accessing your financial information is not just easy but also secure. Join us today and experience how simple banking can be!

Financial Strength

A Growing Community

Total Share and Deposit Accounts: 8,548, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0. 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 121 E Park Sq Owatonna Mn 55060 or call (507) 455-5116 to learn more about how we can help you achieve your financial goals.

Investing in Your Future

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. Additionally, with $769 in used auto loans and $34,497,555 in total loans and leases, our lending capacity supports your financial goals across various sectors. Our $95,359 reflects our operational efficiency, 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.

Our Financial Health

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.

Secure Savings for Our Members

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.

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, we have options designed to fit your budget and lifestyle.

Contact Us

Have questions or want to learn more about our loan offerings? Feel free to reach out! You can contact us at (507) 455-5116, or visit us at our branch located at 121 E Park Sq Owatonna Mn 55060 in Owatonna, MN. Our friendly team is here to help you navigate through your financing options. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. We look forward to helping you achieve your financial dreams!

Credit Lines and Personal Loans

For those seeking flexibility, our total credit lines amounting to $1,000,000 give you the freedom to manage your finances as needed. Additionally, while we currently do not offer unsecured credit card loans, we encourage you to explore other personal loan options available at Federated Employees that can assist with debt consolidation or unexpected expenses.

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 competitive rates and flexible terms to support your journey toward owning a home.

Refinancing Options

If you're looking to lower your monthly payments or access equity in your home, our refinancing options may be right for you. We'll work with you to find solutions that fit your financial situation.

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 ensures that all offers displayed are fair and transparent. By relying on information from recognized financial entities, LendMesh guarantees accuracy in its comparisons.

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions help users make informed decisions. 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 reflects the real impact that LendMesh has had on individuals seeking better financing options. 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.*