Oakdale, MN · State Credit Union · Chartered in MN
Who can join
State government employees (special charter)
Members
14,384
Net Worth Ratio
10.86%
min. 7% = Well Capitalized
Contact & Details
NCUAWebsite
Phone
Address
Branch Locations
Credit unions are exempt from CRA. The Community Reinvestment Act applies only to FDIC-insured banks and thrifts. Credit unions are regulated by NCUA and evaluated under a separate safety and soundness framework.
Total Assets
$252.3M
Total Shares
$225.1M
Total Loans
$172.1M
Net Income
$691K
Net Worth Ratio
10.86%
≥7% = Well Capitalized
Members
14,384
Return on Assets
0.27%
annualized · >0.5% healthy
Delinquency Rate (60d+)
0.57%
$982K
| Year | Applications | Originated | Denials | Orig. Rate | Denial Rate |
|---|---|---|---|---|---|
| 2023 | 111 | 97 | 6 | 87.4% | 5.4% |
| 2022 | 137 | 129 | 5 | 94.2% | 3.6% |
| 2021 | 163 | 138 | 14 | 84.7% | 8.6% |
No CFPB complaint data available for this credit union.
Novation Credit Union
500 Imperial Ave N, Oakdale, MN, 55128-7151
M-F 8:30am-5:00pm
Hutchinson Branch
45 Hassan St SE, Hutchinson, MN, 55350
M-F 8:30am-5:00pm
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<a href="https://bankscorer.com/credit-union/novation" target="_blank" rel="noopener">View NOVATION on Bank Scorer</a>Data sourced from NCUA 5300 Call Report and branch data. Updated quarterly.
Loan-to-share ratio: 76.5%· healthy range 60–80%