What are the current interest rates at Novation Credit Union?

Current rates for Novation Credit Union include: Savings: 0.05%

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Novation Credit Union

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Novation Credit Union Rates & Review September 2026

Q: How many branches does Novation Credit Union operate?

Novation 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.

Q: Is a member application needed to join Novation Credit Union?

Yes, to access services at Novation 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.

Q: Is there a first-time homebuyer program?

Currently, Novation 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.

Q: Are credit management and repair services offered?

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

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 22, 2026

Novation Credit Union's 7-Month CD Special rates are at 4.00%. Novation Credit Union's savings rates are at 0.05%. MonitorBankRates evaluates the financial stability of Novation Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 4.19%. Rates last updated and verified on 09/22/2026.

Novation 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 Novation Credit Union? Share your experience about Novation Credit Union by leaving a review below, or read customer reviews before you decide to use Novation Credit Union.

Verified Healthy 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

4.19%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Novation Credit Union
Novation Credit Union

500 Imperial Ave N
Oakdale, MN 55128-7151

https://www.novation.org

Novation Credit Union CD Rates

Product	Rate	APY	Term	View More
7-Month Certificate Special	-	4.00%	7 months
Min Deposit $500 Details APY = Annual percentage Yield. Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.19%

Novation Credit Union Savings Rates

Product	Rate	APY
High-Yield Savings	-	2.55%
Details Higher APY for balances over $10,000 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.19%
Youth Savings	-	2.55%
Details Earn interest on balances up to $10,000 (dividends accrue monthly) Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.19%
Primary Savings	-	0.05%
Min Deposit $5 Min Balance $5 Details Included with Novation membership Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.19%

Novation Credit Union Checking Rates

Product	Rate	APY
Incentive Checking	1.74%	1.75%
Min Balance $0 Details Balance: Up to $20,000 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.19%
Youth Checking	1.49%	1.50%
Min Balance $0 Details Balance: Up to $5,000 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.19%
Incentive Checking	0.05%	0.05%
Min Balance $20,000 Details $20,000+ Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.19%

Novation Credit Union Other Rates

Product	Rate	Points	APY/APR	Term	View More
Lifestyle Loan	-	-	11.49%	48-month
Details On a 48-month, $10,000 loan at 11.49% the monthly payment would be $260.85. Rates are subject to change without notice. Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.19%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Financial Health History

Novation Credit Union’s Texas Ratio rose from 2.33% in Q2 2023 to 4.19% in Q1 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this credit union’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
March 31, 2026	$252M	4.19%	5.0	A+
December 31, 2025	$242M	4.27%	5.0	A+
September 30, 2025	$240M	3.85%	5.0	A+
June 30, 2025	$240M	3.03%	5.0	A+
March 31, 2025	$245M	2.78%	5.0	A+
December 31, 2024	$232M	3.40%	5.0	A+
September 30, 2024	$229M	3.06%	5.0	A+
June 30, 2024	$229M	3.35%	5.0	A+
March 31, 2024	$238M	3.48%	5.0	A+
December 31, 2023	$227M	3.57%	5.0	A+
September 30, 2023	$229M	3.21%	5.0	A+
June 30, 2023	$224M	2.33%	5.0	A+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Novation 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 Novation 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 Novation Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Novation Credit Union

Website https://www.novation.org

Address 500 Imperial Ave N, Oakdale, MN 55128-7151

Phone 651-739-8080

Fax 651-739-0648

President Mary Edinger

CEO Michael Kronebusch

Full-Time Employees 32

Part-Time Employees 5

Branch Locations 4

ATM Locations 3

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (98/100)

Texas Ratio

4.19%

Return on Assets (ROA)

0.2737%

Return on Equity (ROE)

2.6343%

Non-Performing Loans Ratio (NPL)

0.66%

Total Assets

252,332,321

Total Amount of Shares and Deposits

225,100,496

Total Shares and Deposits < 1 Year

224,808,989

Total Shares and Deposits 1 3 Years

241,712

Total Shares and Deposits > 3 Years

49,796

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

8,098,593

Total Uninsured Shares and Deposits > $250K (F+J)

8,098,593

Total Insured Shares and Deposits > $250K (item 17 less item K)

217,001,903

Total Interest Expense (Sum of items 6 8)

731,151

Share Certificates

349

Number of Accounts for Share Drafts

8,996

Number of Accounts for Regular Shares

18,109

All other shares

Money Market Shares

885

Net Income (unless the amount is already included in Undivided Earnings)

690,705

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

42,815,522

Total Liabilities

226,323,804

Source: NCUA — Last Updated 03/31/2026

2026 MBR Health & Safety Badge

Novation Credit Union earned the Verified Healthy badge

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Frequently Asked Questions About Novation Credit Union

How many branches does Novation Credit Union operate?

Novation 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 Novation Credit Union?

Yes, to access services at Novation 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, Novation 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, Novation Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Novation Credit Union offer online and mobile banking?

Most modern institutions like Novation 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.novation.org.