Novation Credit Union | Auto Loans & Convenient ATM Services

Introduction

Welcome to Novation, a trusted financial institution established in 1954 and headquartered in Oakdale, MN. With a commitment to serving our community and empowering our members, we strive to provide comprehensive financial solutions tailored to meet the diverse needs of individuals and families. Under the leadership of CEO Michael Kronebusch and Board President Mary Edinger, Novation has grown into a member-focused credit union dedicated to fostering financial well-being for all who join us. As a federally insured credit union since June 5, 1979, we prioritize the security and peace of mind of our members while offering modern banking tools designed for convenience.

At Novation, we understand that accessibility is key to effective banking. That's why we offer a suite of digital services including online banking, a user-friendly mobile application, person-to-person transfers, e-statements, mobile payments, and e-signature authorization. Our innovative approach ensures that you can manage your finances with ease from anywhere at any time. Explore more about what we have to offer by visiting our website at https://novation.org/ or reach out to us directly at 6517390648. Join us today and experience the difference of being part of a credit union that truly values its members' needs.

Financial Services

At Novation Credit Union, we pride ourselves on offering a comprehensive range of financial services designed to meet the diverse needs of our members. From personal banking solutions such as checking and savings accounts to auto loans and vehicle financing, we are dedicated to empowering our community with the tools they need for effective money management. Our mortgage loans and refinancing options cater to those looking to buy their first home or upgrade their living situation, while our personal loans and debt consolidation services provide flexible solutions for life's unexpected challenges. Small business owners can also benefit from our tailored business banking services, which include merchant services and business loans, ensuring that every member can find a path to financial growth.

In today's fast-paced world, digital access is essential, and at Novation Credit Union, we have embraced this shift wholeheartedly. Our online banking platform enables members to manage their accounts anytime, anywhere, while our mobile app offers convenience through features like person-to-person transfers and mobile payments. With e-statements and e-signatures available, managing finances has never been easier or more secure. Whether you're planning for significant life milestones or simply navigating everyday expenses, our suite of services is crafted to support your journey. For those considering membership, you can learn more about eligibility by visiting https://novation.org/join-novation-credit-union/, and if you're in the market for a loan, check out https://www.lendmesh.com/loans/personal_loans for comparative rates.

We understand that personalized support can make all the difference when it comes to financial decisions. That’s why we encourage you to reach out via (651) 739-0648 for any inquiries or assistance you may need along your financial journey with us. At Novation Credit Union, we're here not just as a financial institution but as your trusted partner in achieving financial success.

Financial Highlights

Novation stands as a trusted and valuable financial partner, reflecting a commitment to service excellence and community impact. With Total Membership reaching 17,173, Novation has cultivated a strong and engaged community of members who benefit from a range of tailored financial solutions. The credit union's impressive Total Assets of 229,053,941 signify robust stability and sound financial management, ensuring that members' funds are secure.

The foundation of trust is further strengthened by a Net Worth of 22,094,328, showcasing Novation's solid equity position and its ability to withstand economic fluctuations. The credit union's performance is reflected in its Net Income of 1,855,206, which enables continued investment in member services and community initiatives. Members can feel confident knowing their deposits are safeguarded, with Total Deposits amounting to 25,531,872.

At Novation, the lending landscape is vibrant, evidenced by a diverse portfolio that includes Total Loans and Leases reaching 8,795. This versatility allows the credit union to cater to various needs, whether it be through personal loans, auto financing, or business support. The strength of its lending program is underscored by an impressive Credit Card Loan Volume of 734 and an active Auto Loan Volume totaling 5,690.

Moreover, Novation’s dedicated team of Total Employees numbering 35 plays an essential role in delivering personalized service and expertise to every member. The institution operates with a commendable Net Worth Ratio of 989, reflecting prudent financial practices that prioritize member interests while maintaining transparency.

For those seeking reliable financial products and exceptional service rooted in community values, Novation Credit Union exemplifies what it means to be a responsible financial partner. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov.

Discover how Novation can meet your unique financial needs by comparing real-time loan offers today at https://www.lendmesh.com/loans/personal_loans.

Novation CU

Introduction

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Financial Highlights

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