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iAdvertiser Disclosure
Advertiser Disclosure
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 Minnesota Power Employees Credit Union Rates & Review April 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: April 18, 2026
Minnesota Power Employees Credit Union's 6 month IRA CD rates are at 2.99%, 6 month CD rates are at 2.99%, 12 month IRA CD rates are at 2.95%, 12 month CD rates are at 2.95%, 18 month IRA CD rates are at 2.92%. Minnesota Power Employees Credit Union's savings rates are at 0.00%. MonitorBankRates evaluates the financial stability of Minnesota Power Employees Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.03%. Rates were last updated on 04/18/2026. Minnesota Power Employees 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 Minnesota Power Employees Credit Union? Share your experience about Minnesota Power Employees Credit Union by leaving a review below, or read customer reviews before you decide to use Minnesota Power Employees Credit Union. Minnesota Power Employees Credit Union
MPECU 30 W Superior St Ste 126
https://www.mpecu.com Duluth, MN 55802 2191 
Minnesota Power Employees Credit Union CD Rates
Minnesota Power Employees Credit Union Savings Rates
Minnesota Power Employees Credit Union Checking Rates
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for Minnesota Power Employees 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 Minnesota Power Employees 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 Minnesota Power Employees Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
Minnesota Power Employees Credit Union
Website
https://www.mpecu.com
Address
30 W Superior St Ste 126,
Duluth, MN 55802 2191
Phone
218-336-1800
Fax
218-336-1839
President
Marcia Podratz
CEO
Jason Olsen
Full-Time Employees
18
Part-Time Employees
2
Branch Locations
3
ATM Locations
1
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (99/100)
Texas Ratio
2.03%
Return on Assets (ROA)
0.7852%
Return on Equity (ROE)
5.6371%
Non-Performing Loans Ratio (NPL)
0.37%
Total Assets
158,153,914
Total Amount of Shares and Deposits
122,595,008
Total Shares and Deposits < 1 Year
121,226,265
Total Shares and Deposits 1 3 Years
1,368,745
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
17,323,309
Total Uninsured Shares and Deposits > $250K (F+J)
17,323,309
Total Insured Shares and Deposits > $250K (item 17 less item K)
105,271,699
Total Interest Expense (Sum of items 6 8)
2,107,274
Share Certificates
702
Number of Accounts for Share Drafts
3,335
IRA KEOGH Accounts
146
Number of Accounts for Regular Shares
6,042
All other shares
14
Non Member Deposits
54
Money Market Shares
854
Net Income (unless the amount is already included in Undivided Earnings)
1,241,757
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
7,265,601
Total Liabilities
139,774,567
Source: NCUA — Last Updated 09/30/2025
Frequently Asked Questions About Minnesota Power Employees Credit UnionIs Minnesota Power Employees Credit Union a safe place to deposit money?Yes, Minnesota Power Employees Credit Union is considered a safe financial institution. With a Texas Ratio of 2.0344359205799%, 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 Minnesota Power Employees Credit Union operate?Minnesota Power Employees 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 Minnesota Power Employees Credit Union?Yes, to access services at Minnesota Power Employees 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, Minnesota Power Employees 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, Minnesota Power Employees Credit Union provides members with tools to manage their accounts and build a solid financial history. Does Minnesota Power Employees Credit Union offer online and mobile banking?Most modern institutions like Minnesota Power Employees 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://www.mpecu.com. Current Minnesota Power Employees Credit Union Rates
Retrieved from our database of financial products. Rates subject to change.
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