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Fairmont School Employees Federal Credit Union Rates & Review April 2026

Fairmont School Employees Federal Credit Union's savings rates are at 3.50%. MonitorBankRates evaluates the financial stability of Fairmont School Employees Federal Credit Union with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 7.99%. Rates were last updated on 04/18/2026.

Fairmont School Employees Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Fairmont School Employees Federal Credit Union? Share your experience about Fairmont School Employees Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Fairmont School Employees Federal Credit Union.

Overall Health & Safety Grade ?
A
Excellent Health Score: 96/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
7.99%
Excellent Higher than avg
Fairmont School Employees Federal Credit Union
Main Office
110 Eltinge Pl
Fairmont, MN 56031 3423
https://sites.google.com/a/apps.fairmont.k12.mn.us/fairmont-schools-emplyees-federal-credit-union/
Member NCUA

Fairmont School Employees Federal Credit Union Savings Rates

Product Rate APY View More
Share Savings Account - 3.50%
Details At the December board meeting, it was voted by the board to raise our dividend rate to 3.50%.
Last Updated 04/18/2026
Institution Ratings
5.0
Star Rating
A
Health Grade
Texas Ratio: 7.99%

Methodology & Data Sources

MonitorBankRates Star Rating
Our rating for Fairmont School Employees Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Fairmont School Employees Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Fairmont School Employees Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Fairmont School Employees Federal Credit Union
Address 110 Eltinge Pl, Fairmont, MN 56031 3423
Phone 507-235-5060
Fax 507-235-5063
President Holly Vogltance
CEO Jerry Brooks
Full-Time Employees 0
Part-Time Employees 3
Branch Locations 1
ATM Locations 0
NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A (96/100)
Texas Ratio
7.99%
Return on Assets (ROA)
0.8983%
Return on Equity (ROE)
7.9939%
Non-Performing Loans Ratio (NPL)
1.18%
Total Assets
3,833,826
Total Amount of Shares and Deposits
3,401,244
Total Shares and Deposits < 1 Year
3,401,244
Total Insured Shares and Deposits > $250K (item 17 less item K)
3,401,244
Total Interest Expense (Sum of items 6 8)
82,874
Number of Accounts for Regular Shares
529
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
201,197
Total Liabilities
3,402,985
Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Average Rating
☆☆☆☆☆
Total Reviews
0
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Frequently Asked Questions About Fairmont School Employees Federal Credit Union

Is Fairmont School Employees Federal Credit Union a safe place to deposit money?

Yes, Fairmont School Employees Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 7.9875001057163%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Fairmont School Employees Federal Credit Union operate?

Fairmont School Employees Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Fairmont School Employees Federal Credit Union?

Yes, to access services at Fairmont School Employees Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Fairmont School Employees Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Fairmont School Employees Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Fairmont School Employees Federal Credit Union offer online and mobile banking?

Most modern institutions like Fairmont School Employees Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://sites.google.com/a/apps.fairmont.k12.mn.us/fairmont-schools-emplyees-federal-credit-union/.

Current Fairmont School Employees Federal Credit Union Rates

  • Savings3.50%
Retrieved from our database of financial products. Rates subject to change.