Home Town Credit Union Owatonna MN | Low Mortgage Rates & Quick Auto Loans

Introduction

Welcome to Home Town, your trusted financial partner located at 150 18Th St SW, Owatonna, MN 55060. Established in 1974, we have proudly served our community for nearly five decades, building strong relationships with our 24,935 members and providing them with the financial tools they need to thrive. At Home Town, we understand that banking is about more than just transactions; it's about supporting our members' dreams and goals. With total assets of $270,754,764 and total deposits reaching $10,386,426, we are dedicated to ensuring the financial well-being of those we serve. Our commitment is reflected in our diverse offerings, which include personal banking services, auto loans, mortgages, and business banking solutions. Led by our passionate CEO Kimberly Westphal and Board President Nicole Schulz, our team of 56 employees is here to provide exceptional service. We are also proud to maintain a solid net worth of $25,126,573, demonstrating our stability and reliability as a credit union. Whether you need assistance with day-to-day banking or are looking for specialized financial products like loans and credit cards with rewards, we've got you covered. You can conveniently reach us at 507-451-3798 or explore more about what we offer on our website at Hometown Credit Union. While members can visit us at our branch location for all their banking needs, official correspondence should be sent to the same address: 150 18th St SW, Owatonna, MN 55060. Join us today and experience the difference that a member-focused credit union can make!

Branch History & Mission

At Home Town, located in the heart of Owatonna, MN, we proudly carry a rich legacy that began in 1974. Since our inception, we have grown from a small credit union into a vital financial institution serving over 24,935 members. Our branch at 150 18th St SW has become a trusted resource for personal and business banking needs in the community. Over the years, Home Town has evolved by embracing changes in the financial landscape while remaining committed to our core mission: to provide exceptional financial services and foster community support. Our mission is centered on empowering our members with tools for financial success, ensuring they have access to services like checking and savings accounts, auto loans, mortgage options, and more. The journey hasn't just been about numbers; it's been about people. We have consistently prioritized building relationships within Owatonna and its surrounding areas. As a testament to our commitment, we offer essential amenities such as ATM availability and drive-thru banking for ease of access. Our operating hours are designed with your convenience in mind: Monday through Friday from 9:00 AM to 6:00 PM and Saturday from 9:00 AM to 10:00 AM. As we look towards the future, we continue to integrate modern technology into our services. With online banking and mobile payment options available, we aim to meet the needs of all members young or old while ensuring that our facilities are ADA compliant. While members can visit us at 150 18Th St Sw Owatonna Mn 55060, official correspondence should be sent to 150 18th St SW, Owatonna, MN 55060. Our headquarters in Owatonna further fuels our dedication to local initiatives and partnerships that uplift our community. We believe in giving back by supporting local events and causes that matter most to you. In summary, at Home Town, you're not just a member; you're part of a family that cares about your financial well-being. We invite you to join us on this journey toward prosperity and connection. Experience the difference today by visiting us or calling us at (507) 451-3798. Your financial future awaits!

Branch Location & Accessibility

Accessibility Features

Our location is designed with accessibility in mind. We have ample parking available right outside our branch, including spots for those who require closer access. The building is ADA compliant, ensuring that everyone can comfortably navigate through our doors and use our facilities. If you're in need of assistance during your visit, our friendly staff is always here to help!

Get in Touch

Have questions or need assistance? Feel free to call us at 507-451-3798. Our team is ready to help you with any inquiries you may have. We invite you to visit us soon at the Home Town branch where community meets convenience!

Operating Hours & Services

We understand that life can be busy, which is why we offer flexible hours to serve you better. Our lobby is open Monday through Friday from 9:00 AM to 6:00 PM, making it easy to stop by after work or during lunch. On Saturdays, our drive-thru service is available from 9:00 AM until 10:00 AM for quick transactions. At Home Town, we pride ourselves on providing a variety of services tailored to meet your financial needs. Whether you're looking to open a checking or savings account, apply for an auto loan, or manage your mortgage, we have you covered. Plus, with ATM access and basic drive-thru banking available, handling your finances has never been easier!

Member Eligibility

At Home Town, we believe that everyone deserves a place in our supportive community. Becoming a member is simple and welcoming! If you live, work, or attend school in the Owatonna area, you're already eligible to join us. We also extend membership to family members of current members, making it easy for your loved ones to enjoy the benefits we offer. Our members enjoy personalized service and a range of financial products designed to help them thrive. To kick off your journey with us, just head over to our website for more information on how to open an account at Home Town at https://accounts.hometowncu.coop/enroll. If you have any questions or need assistance, feel free to give us a call at (507) 451-3798. For detailed eligibility criteria, visit our resource page. We're excited to welcome you into our community!

Business Banking & Commercial Services

At Home Town, we understand that every business has unique needs and aspirations. Whether you're a startup seeking your first loan or an established enterprise aiming for expansion, our tailored business banking solutions can help you thrive. Imagine securing the funds to upgrade your equipment or launch a new product line our commercial loans are designed to fuel your 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. Additionally, our merchant services simplify payment processing so you can focus on what you do best running your business. From accepting credit card payments to managing transactions seamlessly, we provide the tools that allow you to serve your customers better. Visit us at 150 18Th St Sw Owatonna Mn 55060 in Owatonna, MN or call us at (507) 451-3798 to learn more about how our business banking services can support your goals!

Comprehensive List Of Services

Banking at Your Fingertips

In today's fast-paced world, having access to your finances anytime and anywhere is crucial. That's where our online and mobile banking features come in handy. With just a few taps on your smartphone or clicks on your computer, you can manage your accounts, pay bills, transfer funds, and more all from the comfort of home. Our branch also offers convenient ATM and cash withdrawal services, so accessing your funds is always easy. If you prefer in-person service, take advantage of our basic drive-thru banking for quick deposits and withdrawals without leaving your car.

Business Solutions Tailored for You

For our business members, we provide essential business banking services, including merchant services and business loans. Whether you're starting a new venture or expanding an existing one, we're here to support your growth.

Connect with Us

We invite you to discover how Home Town can enhance your financial life. Our friendly team is ready to assist you with any questions or concerns you may have. Feel free to call us at (507) 451-3798 during our operating hours: Monday through Friday from 9:00 AM to 6:00 PM and Saturday from 9:00 AM to 10:00 AM. Visit us at Owatonna South Branch today and take the first step toward achieving your financial goals!

Empowering Your Financial Health

Financial wellness is important, which is why we also offer personal loans and debt consolidation solutions. If you're feeling overwhelmed by debt, we can help create a manageable plan tailored to your situation. Plus, our credit cards with rewards give you the chance to earn while you spend perfect for those everyday purchases.

Personal Banking Made Easy

We understand that personal banking is about convenience and accessibility. That's why we offer various options for checking and savings accounts designed to fit different lifestyles and financial goals. Whether you need a simple account for day-to-day transactions or a more robust savings plan, we've got you covered. If you're considering purchasing a vehicle, our auto loans and vehicle financing services make the process straightforward. We provide competitive rates and flexible terms, ensuring you get the best deal possible. For those dreaming of owning a home, our mortgage loans and refinancing options can help turn that dream into reality. Our knowledgeable staff will guide you through every step of the process.

Digital & Online Banking

Key Features

Our online banking services are just a click away at https://www.hometowncu.coop/. Whether you're checking your balance or transferring funds, you'll find everything you need right at your fingertips. Plus, with our 24/7 online banking services, you can manage your accounts at your convenience without any hassle. Need to sign a document quickly? With electronic signature authorization available, you can complete transactions securely and efficiently from the comfort of your home. No more waiting for paperwork or rushing to the branch! You can also opt for e-statements, which provide an eco-friendly way to keep track of your finances while reducing clutter. Say goodbye to paper statements and hello to easy access whenever you need it!

Mobile Banking Made Easy

For those on the go, our mobile application is perfect for staying connected with your accounts. You can enjoy features like mobile payments and person-to-person transfers right from your smartphone, making it easy to send money to friends or pay bills without leaving home. With these tools at your disposal, managing your finances has never been simpler or more secure. At Home Town, we're committed to providing accessible banking solutions that fit into your lifestyle. Experience the future of banking today!

Financial Strength

Commitment to Growth

With $24,707,777 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. This ensures that as you grow financially, we grow alongside you. Our lending capacity supports your financial goals across various sectors with $6,657 in used auto loans and $207,098,932 in total loans and leases.

Member-Centric Savings Options

Your 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 focus our resources on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $698,239 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 55 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Position

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.

Trustworthy Banking Relationship

Net Shares (Funds available for lending and investments): $1,055,456. Total Share and Deposit Accounts: 46,882, showing 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, Home Town is your trusted partner. Visit us at 150 18Th St Sw Owatonna Mn 55060 or call (507) 451-3798 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 $98,536,790 in used vehicle loans and $36,431,488 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive rates for both new and used vehicles, making it easier for you to drive away with confidence.

Credit Card Loans

Managing everyday expenses can be easier with our 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 cards come with rewards that can benefit you in more ways than one.

Credit Lines

If you need extra funds for unexpected expenses or projects, our credit lines might be just what you're looking for. With total credit lines amounting to $34,101,821, we provide accessible funding that gives you peace of mind when it matters most. At Home Town, we believe in empowering our members through financial education and supportive services. For those interested in refinancing options or eligibility inquiries, feel free to contact us at (507) 451-3798 or visit us at our location: 150 18Th St Sw 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. Let us help you take the next step toward achieving your financial dreams!

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 work with you to find the best solutions for your housing needs, whether it's your first home or a refinance of your current mortgage.

Loan Aggregator

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How LendMesh Ensures 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 the offers you see are fair and transparent. Each loan comparison reflects accurate and current information, giving users peace of mind when evaluating their options.

HOME TOWN FEDERAL CREDIT UNION - Owatonna, MN

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