Home Town Credit Union Owatonna MN | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Home Town, your trusted credit union located at 2400 W Bridge St, Owatonna, MN 55060. Since our establishment in 1974, we have dedicated ourselves to serving our community with reliable financial services and a personal touch. With over 24,935 members, we pride ourselves on being more than just a financial institution; we are a part of your everyday life. At Home Town, we understand that each member's needs are unique. That's why we offer a range of services including checking and savings accounts, auto loans, mortgage options, personal loans, and credit cards with rewards. With total assets amounting to $270,754,764 and deposits reaching $10,386,426, you can trust that your finances are in safe hands. Our team of 56 dedicated employees is led by CEO Kimberly Westphal and Board President Nicole Schulz, who are both committed to fostering a supportive environment for all members. Whether you're visiting us in person or utilizing our online banking services at hometowncu.coop, we're here to help you achieve your financial goals. For any official correspondence, please note that while you can visit us at the branch address mentioned above, our mailing address is also the same: 2400 W. Bridge St., Owatonna, MN 55060-5003. If you're looking for reliable banking solutions and friendly service from a community-focused credit union, look no further! We invite you to reach out by calling us at 507-451-3798 or visiting our website for more information. Join us today and experience the difference at Home Town!

Branch History & Mission

Home Town Credit Union has been a cornerstone of the Owatonna community since it opened its doors in 1974. Located at 2400 W Bridge St, Owatonna, MN 55060, our branch has grown alongside its members, evolving from a small credit union into a trusted financial institution with over 24,935 members and total assets reaching an impressive $270,754,764. From the very beginning, our mission has been clear: to provide accessible and personalized financial services while fostering a sense of community. We believe that everyone deserves a chance to achieve their financial goals, whether that means opening a checking account, financing a new vehicle, or securing a mortgage for their dream home. Our commitment to our members goes beyond just banking; we strive to support our local community through various outreach efforts and partnerships. As technology has advanced, so have we. At Home Town Credit Union, we embrace digital innovations that make banking easier for our members. With online and mobile banking options available, managing finances is now more convenient than ever. Our services also include ATM access and drive-thru banking for those who prefer traditional methods. We are dedicated to ensuring our facilities are ADA compliant and accessible to all. While you can visit us at our branch location for all your banking needs, please note that official correspondence should be sent to our mailing address: 2400 W. Bridge St., Owatonna, MN 55060-5003. Home Town Credit Union is not just about numbers; it's about people. We take pride in being part of this vibrant community in Steele County and believe in giving back through various initiatives that promote financial literacy and well-being among our members. If you're looking for a credit union that puts you first and helps you thrive financially while caring for the community, join us today! Experience the difference at Home Town Credit Union where your success is our mission. For more information or to open an account, call us at 507-451-3798 or visit our website at hometowncu.coop.

Branch Location & Accessibility

Accessibility Features

Our branch is equipped with features that ensure accessibility for everyone, including ADA-compliant entrances and parking. We have ample parking available so you can visit us without any hassle. Plus, with our drive-thru banking service, you can quickly handle deposits and withdrawals right from your car.

Operating Hours

We know your time is valuable! That's why we're open from 7:30 AM to 5:00 PM, Monday through Friday. Our friendly staff is ready to assist you during these hours, whether you prefer a face-to-face chat or need help with online banking.

Services Offered

At Home Town, we offer a variety of services tailored to meet your financial needs. From personal banking options like checking and savings accounts, auto loans, and credit cards with rewards, to business banking solutions there's something for everyone. Additionally, with our ATM availability and basic drive-thru banking, accessing your funds has never been easier. Feel free to give us a call at (507) 451-3798 if you have any questions or need assistance before your visit. We look forward to welcoming you soon!

Member Eligibility

Becoming a member of Home Town feels like joining a welcoming community where you can find support and financial guidance tailored just for you. To be eligible, you simply need to live, work, or worship in the area served by our branch, or have a family member who is already a member. This open-door policy means that many people can join us and start enjoying the benefits of membership, which include competitive rates on loans and savings accounts, personalized service, and access to a range of financial products designed with your needs in mind. The process of becoming a member is straightforward and inviting! You can find detailed eligibility criteria at this link for any updates or specifics. When you're ready to open your account, just visit this page to get started. If you have questions along the way, feel free to give us a call at (507) 451-3798 we're here to help! Our branch is located at 2400 W Bridge St Owatonna Mn 55060, where we look forward to welcoming you into the Home Town family.

Business Banking & Commercial Services

Business Loans That Fuel Growth

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.

Merchant Services Tailored for You

Imagine a solution that makes transactions effortless for your customers while streamlining your operations. Our merchant services offer just that enabling you to accept payments quickly and securely. This means more time focusing on what matters most: running your business and serving your clients. Located at 2400 W Bridge St Owatonna Mn 55060, Owatonna, MN 55060, we invite you to visit us or call (507) 451-3798 to learn how our tailored services can support your business goals today!

Comprehensive List Of Services

Business Banking Solutions

At Home Town, we understand the unique needs of small businesses. Our business banking services include merchant services that make accepting payments easy and efficient. Additionally, we offer business loans tailored to help you grow and thrive.

Convenient Access

We prioritize convenience for our members with various access points. Our ATM services allow for quick cash withdrawals and balance checks whenever you need them. You can also take advantage of our drive-thru banking for simple transactions like deposits and withdrawals without leaving your vehicle.

Credit Cards and Rewards

For those who enjoy earning rewards while spending, our credit cards are an excellent choice. With various benefits, they allow you to earn points on purchases that can be redeemed for travel, merchandise, or cash back.

Digital Banking Features

In today's fast-paced world, managing your finances digitally is essential. That's why we provide robust online and mobile banking features that empower you to handle your banking tasks from anywhere. Whether it's making transfers or paying bills through our secure platform, managing your accounts has never been easier. Feel free to reach out to us at (507) 451-3798 during our lobby hours from 7:30 AM to 5:00 PM Monday through Friday if you have any questions about our services or need assistance with anything specific. At Home Town, we are here to support all your financial journeys with personalized service and expert advice. Explore how we can assist you today! Visit us online at Bridge Street or stop by our branch in Owatonna for more information.

Personal Banking Services

Our personal banking services include checking and savings accounts designed for everyday convenience. You can easily access your funds through our online and mobile banking platforms, making it simple to check balances, transfer money, and pay bills on the go. For those planning to purchase a new car or refinance their existing vehicle, our auto loans and vehicle financing options come with competitive rates tailored to fit your budget. When it comes to homeownership, we offer mortgage loans and refinancing services that guide you every step of the way. If you're facing financial challenges or looking to consolidate debt, our personal loans can provide relief and help you regain control over your finances.

Digital & Online Banking

Mobile Application

Stay connected wherever you are with our user-friendly mobile application. Download it today to take advantage of features like mobile payments that let you shop securely without cash or cards. Want to send money to a friend? Our person-to-person transfer feature makes it simple and quick to send funds directly from your account.

Security and Accessibility

Your security is our top priority. We utilize robust measures to protect your personal information while providing you with easy access to your accounts. With just a few taps on your phone or clicks on your computer, you can manage your finances in real-time, ensuring you're always in control. At Home Town, we believe that banking should fit into your lifestyle seamlessly. With our digital tools and resources at your fingertips, you'll experience the ease of modern banking without compromising security. Join us today and discover how simple managing your money can be!

Financial Strength

A Solid Foundation

With a net worth of $25,126,573, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 9.28% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Commitment to Growth

With $24,707,777 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 $6,657 in used auto loans and $207,098,932 in total loans and leases. Our operational efficiency is reflected in our $698,239, which enables us to continue offering competitive loan rates and solid financial products for our members.

Dedicated Team for You

We also take pride in having 55 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Total Share and Deposit Accounts stand at 46,882, showing a strong and growing member base that trusts us with their finances.

Secure Savings Options

Members' savings are secured through $70,618,545 in share certificates and $37,896,791 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.

Your Trusted Partner

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Home Town is your trusted partner. Visit us at 2400 W Bridge St Owatonna Mn 55060 or call (507) 451-3798 to learn more about how we can help you achieve your financial goals.

Loan Offering

Additional Support for Your Financial Journey

For those considering refinancing or looking for eligibility options, our team can provide insights tailored to your situation. We are committed to ensuring that you find the best loan products that suit your individual needs. At Home Town, we're here not just as lenders but as partners in your financial journey. If you have any questions or need assistance with any of our loan offerings, feel free to reach out at (507) 451-3798. We're open Monday through Friday from 7:30 AM to 5:00 PM and located at 2400 W Bridge St Owatonna Mn 55060 in Owatonna, MN. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Join us today and see how we can help you achieve your financial goals!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $98,536,790 in used vehicle loans and $36,431,488 in new vehicle loans already helping members get on the road. We offer flexible terms and competitive rates to make financing your vehicle easy and affordable.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $19,743,818, make buying or refinancing simple. We believe that everyone deserves a place to call home, and our dedicated team is here to guide you through every step of the process.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $2,274,337 in loans helping members manage their finances effectively. Our credit card products come with rewards and benefits designed to fit your lifestyle while providing peace of mind for unexpected expenses.

Loan Aggregator

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HOME TOWN FEDERAL CREDIT UNION - Owatonna, MN

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