Minnesota Power Employees CU Duluth MN | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Minnesota Power Employees, your trusted financial partner in the heart of Duluth, MN. Located at 30 W Superior St Ste 126, we have proudly served our community since 1933, building lasting relationships based on trust and reliability. With over 5,186 members and assets totaling $153,892,258, we are committed to providing personalized banking solutions that fit your needs. At Minnesota Power Employees, we understand the importance of community involvement. Our dedicated team of 20 employees, led by CEO Debora Almirall and Board President Marcia Podratz, works tirelessly to empower our members through innovative financial products and exceptional service. With a total loan portfolio of 90,786 loans and deposits reaching $12,700,856, we strive to create opportunities for everyone in our community. While you can visit us at our branch address, official correspondence should be sent to the same address: 30 W Superior St Ste 126, Duluth, MN 55802-2191. We encourage you to explore our services, from personal banking options like checking accounts and auto loans to business banking solutions designed to help local businesses thrive. With our commitment to transparency and member satisfaction, we invite you to join us on this journey toward financial wellness. For more information or assistance, feel free to call us at 218-336-1800 or visit our website at mpecu.com. Let's build a brighter financial future together!

Branch History & Mission

Commitment to Excellence

Our commitment goes beyond just providing basic banking services. With features like ATM availability and shared service centers, we ensure that accessing your funds is convenient. Although we currently do not offer drive-thru service, our lobby hours from Monday through Friday from 8:00 AM to 5:00 PM are designed to fit your schedule. For any correspondence or inquiries outside of visits, please send mail to our official mailing address at 30 W Superior St Ste 126, Duluth, MN 55802-2191.

Join Us Today

As we look toward the future, Minnesota Power Employees Credit Union remains focused on enhancing member experiences through customer-centric initiatives and by fostering community connections. If you're ready to experience the benefits of membership at Minnesota Power Employees Credit Union, visit us online at mpecu.com or call us at (218) 336-1800. Join us today and be part of something special!

Our Mission

At Minnesota Power Employees Credit Union, our mission is simple yet powerful: to provide exceptional financial services while supporting the communities we serve. We believe that everyone deserves access to quality financial products without compromising on service or support. Whether it's through offering auto loans, mortgages, or personal banking solutions, we strive to empower our members with the tools they need for success. We are dedicated to being more than just a financial institution; we are a community partner. Our outreach efforts include educational programs and partnerships that foster financial literacy and economic growth within Duluth and beyond.

Our Story

Located at 30 W Superior St Ste 126, Duluth, MN 55802, we have been proudly serving our members for nearly nine decades. Our journey began with a focus on providing affordable financial services to employees of Minnesota Power. Over the years, we expanded our offerings and welcomed all individuals who share our vision for building a strong financial future. Today, with total assets exceeding $153 million, we continue to thrive as a trusted partner in personal and business banking. Our headquarters in Duluth serves as the heart of our operations. This allows us to maintain close ties with the community while ensuring that we stay attuned to the needs of our members. As we have evolved, we have embraced digital advancements that make banking more accessible than ever offering online and mobile banking options alongside traditional services.

Branch Location & Accessibility

Welcome to the Minnesota Power Employees branch, conveniently located at 30 W Superior St Ste 126 in beautiful Duluth, MN. Nestled in the heart of Saint Louis County, our branch is easy to reach and perfectly situated near popular landmarks like the Duluth Public Library and the Lake Superior waterfront. At our branch, accessibility is a priority. We ensure that all members can easily navigate our space with features such as ADA compliance and ramps. Plus, parking is readily available nearby, making your visit even more convenient. Our friendly staff is here to assist you during our operating hours, Monday through Friday from 8:00 a.m. to 5:00 p.m. Whether you're stopping by for personal banking services like checking and savings accounts or need assistance with loans and credit cards, we're ready to help. While you can always reach us at our physical location for all your banking needs, please note that official correspondence should be sent to the same address if needed: 30 W Superior St Ste 126, Duluth, MN 55802-2191. In addition to our personal banking services, we also offer ATM access right here at the branch for quick cash withdrawals and balance checks. Although we don't have drive-thru banking available, our shared service center makes it simple for members from partner credit unions to complete basic transactions like deposits and withdrawals. Feel free to call us at 218-336-1800 if you have any questions or need further assistance. We look forward to welcoming you soon!

Member Eligibility

Becoming a member of Minnesota Power Employees is like joining a welcoming family where your financial needs are understood and prioritized. If you live, work, or attend school in the area, you're likely eligible to join us! Our community is open to anyone who shares our values and seeks a supportive place for their banking needs. Not only will you gain access to personalized services like checking and savings accounts, auto loans, and credit cards with rewards, but you'll also enjoy competitive rates and dedicated support from our friendly team. For complete details on eligibility criteria, please visit this page. If you're ready to take the next step toward membership or have questions, feel free to reach out at (218) 336-1800. We can't wait to welcome you into the Minnesota Power Employees community at 30 W Superior St Ste 126 Duluth Mn 55802!

Business Banking & Commercial Services

Merchant Services for Everyday Needs

Beyond loans, we offer merchant services that simplify payment processing for your business. Imagine seamlessly accepting payments from customers through various platforms whether in-person or online. This service enhances customer experience and streamlines your operations, allowing you to focus on what truly matters: growing your business. Located at 30 W Superior St Ste 126 Duluth Mn 55802 in Duluth, MN, our team is ready to partner with you on your journey toward success. For personalized assistance, call us at (218) 336-1800 during our operating hours, Monday through Friday from 8:00 a.m. to 5:00 p.m. Discover how Minnesota Power Employees can be the catalyst for your business's growth today!

Tailored Loan Options

Imagine being able to access the funds needed to take your business to the next level. Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $131 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $4 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $46,532,877, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

ATM Access & Shared Branching

Need cash? We've got you covered with accessible ATM services for quick withdrawals and balance checks. Plus, through our partnership with shared branch networks, members from partner credit unions can conduct basic transactions such as deposits and withdrawals right here at our location.

Business Banking Solutions

For entrepreneurs and small businesses, our business banking services offer essential tools like merchant services and business loans. You can count on us to help your business thrive by providing the financial support needed for growth.

Credit Card and Rewards Program

We believe in rewarding our members for their loyalty. That's why we offer credit cards with rewards that let you earn points on every purchase. Whether you're traveling or shopping locally, these rewards can add up quickly!

Digital Banking Features

In today's fast-paced world, convenience matters. Our online and mobile banking platforms allow you to manage your accounts anytime, anywhere. With features like mobile payments and person-to-person transfers, staying connected with your finances has never been easier.

Get Started Today!

If you're ready to experience personalized service from a community-focused credit union, visit us at Minnesota Power Employees in Duluth or give us a call at 218-336-1800. Our friendly staff is eager to assist you from Monday through Friday between 8:00 a.m. and 5:00 p.m. Explore all our services at mpecu.com and take control of your financial future today!

Personal Banking Services

Our personal banking services include checking and savings accounts designed to fit your lifestyle. Imagine easily managing your money while enjoying the peace of mind that comes with competitive interest rates. We also offer auto loans and vehicle financing options that make it simple for you to drive away in the car of your dreams. Whether you're buying new or used, we have flexible terms to suit your budget. For those considering homeownership or refinancing, our mortgage loans are tailored to help you navigate this important investment with ease. If you're facing unexpected expenses or looking to consolidate debt, our personal loans can provide the financial relief you need without the stress.

Digital & Online Banking

Key Features for Your Convenience

Our online banking platform allows you to check balances, transfer funds, and pay bills with just a few clicks. Whether you're at home or on the go, you can access your accounts easily through our user-friendly mobile application. Plus, our mobile payments feature makes it simple to make purchases without needing cash or cards just a quick tap on your smartphone! Need to send money to a friend? With our person-to-person transfers, you can quickly transfer funds directly from your account to theirs. And if you're looking to save some trees, we offer e-statements so you can manage your financial documents electronically no more clutter in your mailbox.

Security You Can Trust

Your security is our top priority. Our electronic signature authorization ensures that all transactions are verified and protected. We use advanced encryption technology to keep your information safe, so you can bank with confidence. At Minnesota Power Employees, we're committed to making your banking experience smooth and hassle-free. Whether you prefer using our online services or the convenience of our mobile app, managing your finances has never been easier. Explore all these features today by visiting us at https://mpecu.com/ !

Financial Strength

Commitment to Innovation

With $19,557,607 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 robust, with $60,972 in used auto loans and $107,840,207 in total loans and leases available to support your financial goals.

Growing Member Base

Total Share and Deposit Accounts stand at 11,178, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments) total $57,806, further highlighting our ability to meet member needs effectively. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Minnesota Power Employees is your trusted partner. Visit us at 30 W Superior St Ste 126 Duluth Mn 55802 or call (218) 336-1800 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our $1,144,118 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 19 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Secure Savings Options

Members' savings are secured through $28,630,230 in share certificates and $29,859,355 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $4,634,692, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $20,701,725, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,345 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. We've already issued over $12,194,400 in total auto loans, which includes $5,870,022 for new vehicle loans and $12,403,471 for used vehicle loans. This means you can confidently drive off with your dream vehicle while enjoying competitive rates.

Business Financing

For our business members, we have outstanding commercial loans totaling $46,532,877, providing essential capital needed for growth and expansion. Whether you're starting a new venture or looking to enhance your existing operations, our commercial loan options are tailored to meet your needs.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing straightforward. We provide Junior Lien 1-4 Family Residential Properties loans totaling $7,380,018. Whether you're looking to purchase your first home or refinance an existing mortgage, our dedicated team is here to assist you every step of the way.

Refinancing and Eligibility Options

We also provide refinancing options across various loan types to help you take advantage of lower interest rates or better terms. If you're unsure about eligibility or want to learn more about how our products can work for you, please visit our eligibility page at Minnesota Power Employees. Our branch is located at 30 W Superior St Ste 126 Duluth MN 55802, and we're here to serve you Monday through Friday from 8:00 a.m. to 5:00 p.m. Feel free to reach out at 218-336-1800 if you have any questions about our loan offerings or need assistance. 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 goals!

Unsecured Credit Card Loans

For those looking for more flexibility in managing finances, we also offer unsecured credit card loans. With a total of $1,835,478 in unsecured credit card loans available, members can enjoy flexible terms that cater to their spending habits and repayment capabilities.

Loan Aggregator

Benefits of Using LendMesh

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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 rigorous approach ensures fair and transparent offers, making it easier for users to trust the information they receive.

MINNESOTA POWER EMPLOYEES CREDIT UNION - Duluth, MN