Members Cooperative Credit Union Duluth, Minnesota
Members Cooperative Credit Union is a state-chartered credit union headquartered in Duluth, MN, established in 1936 (NCUA charter 60216), and it is regulated and insured by the NCUA. At Q2 2026 it reported 60,378 members and total assets of $1.16B (up 0.8% from Q2 2025), the 7th largest of 79 credit unions headquartered in Minnesota. Its net worth ratio was 10.80% at Q2 2026, in the well capitalized band.
Also written as Members Cooperative CU
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Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 60216
- Headquarters
- Duluth, MN
- Established
- 1936
- Total assets, Q2 2026
- $1.16B
- Assets vs Q2 2025
- +0.8%
- Members, Q2 2026
- 60,378
- Net worth ratio, Q2 2026
- 10.80%
- Latest call report
- Q2 2026, NCUA 5300 · Members Cooperative Credit Union call report
- Asset rank in state
- 7th of 79 in Minnesota
- Routing number
- 291973454
- Branches
- 12
It has 2,749 more members than on June 30, 2025 (+4.8%). Its net worth ratio was up 0.81 percentage points from 9.99% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $387.1M of $947.7M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 1.49% is above the 0.68% median of the 454 credit unions with $1B to $10B in assets for Q2 2026. Its 10.80% net worth ratio is below that band's 10.89% median.
Credit unions similar in size in Minnesota
Credit unions merged into Members Cooperative Credit Union
Lakes Area Federal Credit Union (2017) · Lake State Credit Union (2015)
Frequently asked about Members Cooperative Credit Union
How big is Members Cooperative Credit Union?
At Q2 2026 it reported total assets of $1.16B and 60,378 members.
Where is Members Cooperative Credit Union headquartered?
It is headquartered in Duluth, MN, United States.
When was Members Cooperative Credit Union founded?
It was established in 1936, per NCUA records.
Is Members Cooperative Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 60216): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Members Cooperative Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is Members Cooperative Credit Union well capitalized?
Its net worth ratio was 10.80% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Members Cooperative Credit Union's delinquency ratio?
Its delinquency ratio was 1.49% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Members Cooperative Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 97.84% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Duluth, MN 55807
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1936
- NCUA Charter #
- 60216
- RSSD ID
- 505792
- Members
- 60,378
- Potential members
- 1,787,221
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 454 credit unions with $1B to $10B in assets, as of Q2 2026. It is in the top quartile on 3 of 7 ranked measures and in the bottom quartile on 1.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 12.63% | 10.80% | 10.89% | 48th below |
| Return on assets Middle half of peers: 0.59% to 1.25% | 1.47% | 0.89% | 83rd top |
| Return on equity Middle half of peers: 5.37% to 10.92% | 13.60% | 8.07% | over 90th top |
| Net interest margin Middle half of peers: 3.05% to 3.80% | 3.63% | 3.45% | 63rd above |
| Efficiency ratio Middle half of peers: 63.16% to 77.23% | 72.52% | 70.59% | 43rd below |
| Cost of funds Middle half of peers: 1.37% to 1.99% | 1.32% | 1.68% | 78th top |
| Delinquency ratio Middle half of peers: 0.45% to 1.05% | 1.49% | 0.68% | 10th bottom |
| Yield on assets Middle half of peers: 4.70% to 5.46% | 4.95% | 5.12% | 40th position only |
| Loan-to-share ratio Middle half of peers: 78.23% to 95.19% | 97.84% | 88.03% | 81st position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$1.16B total assets against $1.15B; $968.7M total shares and deposits against $938.2M; $947.7M total loans against $935.5M.
$125.6M net worth against $115.2M.
10.80% net worth ratio against 9.99%.
97.84% loan-to-share ratio against 99.71%.
1.49% delinquency ratio against 1.36%.
1.47% return on assets against 0.30%; 13.60% return on equity against 2.96%.
3.63% net interest margin against 3.19%.
60,378 members against 57,629.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 10.80% | 1.47% | 1.49% | 97.84% |
| March 31, 2026 | 10.17% | 0.63% | 1.33% | 95.58% |
| December 31, 2025 | 10.19% | 0.61% | 1.56% | 97.05% |
| September 30, 2025 | 10.13% | 0.88% | 1.53% | 99.26% |
| June 30, 2025 | 9.99% | 0.30% | 1.36% | 99.71% |
| March 31, 2025 | 9.92% | 0.49% | 1.34% | 99.07% |
Scroll sideways to see every column.
Watch flags
Loans 60+ days delinquent exceed 1% of the loan book, above the typical credit-union range. Worth watching the trend in coming quarters. BankRegReports early-warning band.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.