MINNESOTA POWER EMPLOYEES CREDIT UNION

Welcome to Minnesota Power Employees, your trusted financial partner since 1933. Located at 3308 W Arrowhead Rd, Duluth, MN 55811, our branch is dedicated to serving the needs of our community with personalized banking solutions. With a robust membership of over 5,186 members and total assets reaching an impressive $153,892,258, we are committed to providing you with reliable financial services that empower you to achieve your goals. At Minnesota Power Employees, we understand that every member's journey is unique. That's why we offer a diverse range of services from checking and savings accounts to auto loans and mortgage financing. Our team, led by CEO Debora Almirall and Board President Marcia Podratz, is here to guide you through every step, ensuring you receive the support you need. While members can visit us at our branch location, official correspondence should be sent to our mailing address at 30 W Superior St, Suite 126, Duluth, MN 55802. Whether you're looking for a new vehicle loan or planning your next big purchase, we're here to help you navigate your options seamlessly. With total deposits amounting to $12,700,856 and cash in hand totaling $776,554, we pride ourselves on maintaining a strong financial foundation that benefits our members. Join us as we continue to grow together within our community. Reach out today at (218) 336-1800 or visit us online at mpecu.com for more information on how we can assist you in achieving your financial dreams!

Welcome to the Minnesota Power Employees Arrowhead Branch, conveniently located at 3308 W Arrowhead Rd in Duluth, MN. Our branch is easy to find and is nestled near several local landmarks, making it a convenient stop for all your banking needs. Whether you're headed to nearby shopping centers or just passing through the area, we invite you to visit us. At our Arrowhead Branch, we understand the importance of accessibility. We offer drive-thru banking services for those who prefer a quick visit from their vehicles. Plus, our facility is designed with accessibility features in mind, ensuring that all members can easily navigate our space. For those who may need assistance or have questions, our friendly staff is always ready to help. You can count on us to be here during our operating hours from Monday to Friday, 9:00 AM to 5:30 PM. If you need assistance outside of these hours, feel free to give us a call at 218-336-1800. While members can visit us at this location for transactions and account inquiries, please note that official correspondence should be sent to our mailing address at 30 W Superior St, Suite 126, Duluth, MN 55802. For those looking for shared services, we are proud to offer access through our shared service center. This means if you're a member of a partner credit union, you can conduct basic transactions like deposits and withdrawals right here! We look forward to welcoming you soon! Come by and see how we can assist you with your personal banking needs from checking and savings accounts to loans and credit cards tailored just for you. Your financial well-being matters to us!

Becoming a member of Minnesota Power Employees is like joining a close-knit community where your financial well-being is our top priority. If you live, work, or worship in the Duluth area, you're already on the path to membership! We welcome anyone affiliated with Minnesota Power or its employees and their family members, making it easier for you to access our range of services. Here at Minnesota Power Employees, located at 3308 W Arrowhead Rd Duluth Mn 55811, we offer a friendly environment where you can take advantage of personalized banking solutions tailored just for you. To learn more about the specific eligibility criteria, feel free to visit our detailed page at https://mpecu.com/about-mpecu/membership/ . It's a great resource that explains everything you need to know about becoming part of our family. Once you're ready to take the next step, opening an account is simple and straightforward just give us a call at (218) 336-1800! We're excited to help you start your journey with us and enjoy all the benefits that come from being a member of Minnesota Power Employees.

At Minnesota Power 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 committed to ensuring your peace of mind through our solid financial foundation. 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 13.45% 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 $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. 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 significant as we have $60,972 in used auto loans and $107,840,207 in total loans and leases, supporting members' financial goals across various sectors. Our operational efficiency is reflected in our net income of $1,144,118, 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 employee, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Net Shares (Funds available for lending and investments): $57,806. Total Share Accounts: 11,178, 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, Minnesota Power Employees is your trusted partner. Visit us at 3308 W Arrowhead Rd Duluth Mn 55811 or call 218-336-1800 to learn more about how we can help you achieve 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.

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