What are the current interest rates at Minnesota Power Employees Credit Union?

Current rates for Minnesota Power Employees Credit Union include: 12-Month CD: 2.95%, 18-Month CD: 2.92%, 24-Month CD: 2.67%, 60-Month CD: 2.25%, Savings: 1.30%

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Minnesota Power Employees Credit Union

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Minnesota Power Employees Credit Union Rates & Review October 2026

Q: 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.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 9, 2026

Minnesota Power Employees Credit Union's top rates as of October 9, 2026 are 4.25% APY on its 7 Month CD Special, 1.30% APY on savings, and 0.05% APY on checking, according to rates verified by MonitorBankRates. Other Minnesota Power Employees Credit Union CD rates include 6 Month Tiered Term CDs & IRA CDs at 2.99%, 12 Month Tiered Term CDs & IRA CDs at 2.95%, and 18 Month Tiered Term CDs & IRA CDs at 2.92%. 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 8.74%. Rates last updated and verified on 10/09/2026.

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.

Verified Healthy Q2 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

Excellent Health Score: 96/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

8.74%

Excellent Higher than avg

Health Trend

Steady 12 quarters

Full history ›

Minnesota Power Employees Credit Union
MPECU

30 W Superior St Ste 126
Duluth, MN 55802-2191

https://www.mpecu.com

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Financial health data as of Q2 2026 (NCUA 5300 call report for the quarter ended June 30, 2026). This is the most recent call report available. The NCUA publishes credit union call reports about ten weeks after each quarter ends.

Minnesota Power Employees Credit Union CD Rates

Product	Rate	APY	Term
7 Month Certificate Special	-	4.25%	7 month
Details Special promotional rate. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 4.25% APY · checked 7 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
6 Month Tiered Term Share Certificates & IRA Certificates	2.97%	2.99%	6 month
Min Balance $500 Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 2.99% APY · checked 6 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
12 Month Tiered Term Share Certificates & IRA Certificates	2.93%	2.95%	12 month
Min Balance $500 Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 2.95% APY · checked 6 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
18 Month Tiered Term Share Certificates & IRA Certificates	2.85%	2.92%	18 month
Min Balance $500 Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 2.92% APY · checked 6 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
3 Month Tiered Term Share Certificates & IRA Certificates	2.87%	2.90%	3 month
Min Balance $500 Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 2.90% APY · checked 6 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
24 Month Tiered Term Share Certificates & IRA Certificates	2.65%	2.67%	24 month
Min Balance $500 Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 2.67% APY · checked 6 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
36 Month Tiered Term Share Certificates & IRA Certificates	2.43%	2.45%	36 month
Min Balance $500 Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 2.45% APY · checked 6 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
60 Month Tiered Term Share Certificates & IRA Certificates	2.24%	2.25%	60 month
Min Balance $500 Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 2.25% APY · checked 6 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%

Minnesota Power Employees Credit Union Savings Rates

Product	Rate	APY
Star Tiered Savings	-	1.30%
Min Balance $75,000 Details Balance: $75,000.00 + Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 1.30% APY · checked 7 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
Star Tiered Savings	-	1.10%
Min Balance $50,000 Details Balance: $50,000.00 - $74,999.99 Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 1.10% APY · checked 7 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
Star Tiered Savings	-	1.05%
Min Balance $25,000 Details Balance: $25,000.00 - $49,999.99 Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 1.05% APY · checked 7 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
Star Tiered Savings	-	0.95%
Min Balance $10,000 Details Balance: $10,000.00 - $24,999.99 Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 0.95% APY · checked 7 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
Star Tiered Savings	-	0.90%
Min Balance $2,500 Details Balance: $2,500 - $9,99.99 Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 0.90% APY · checked 6 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
Christmas Club	-	0.20%
No additional details. Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 0.20% APY · checked 5 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
Health Savings Account (HSA)	-	0.20%
Min Balance $25,000 Details Balance: $25,000.00 + Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 0.20% APY · checked 7 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
IRA Savings	-	0.20%
Min Balance $25,000 Details Balance: $25,000.00 + Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 0.20% APY · checked 7 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
Health Savings Account (HSA)	-	0.10%
Min Balance $0 Details Balance: $0.00 - $9,999.99 Last Updated 10/09/2026 Rate History No change since Sep 21, 2026 · 0.10% APY · checked 5 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
Health Savings Account (HSA)	-	0.10%
Min Balance $10,000 Details Balance: $10,000.00 - $24,999.99 Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 0.10% APY · checked 6 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
IRA Savings	-	0.10%
Min Balance $0 Details Balance: $0.00 - $25,000.00 Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 0.10% APY · checked 7 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%

Minnesota Power Employees Credit Union Checking Rates

Product	Rate	APY	View More
Share Draft Checking	-	0.05%
No additional details. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 0.05% APY · checked 7 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%

Minnesota Power Employees Credit Union Other Rates

Product	Rate	Points	APY/APR
Organizations	-	-	0.05%
Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 0.05% APY · checked 5 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
PRIMARY SHARES	-	-	0.05%
Last Updated 10/09/2026 Rate History No change since Sep 29, 2026 · 0.05% APY · checked 4 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
SPECIAL SHARES [including WinCentive]	-	-	0.05%
Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 0.05% APY · checked 5 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
WINcentive	-	-	0.05%
Last Updated 10/09/2026 Rate History No change since Sep 18, 2026 · 0.05% APY · checked 5 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%

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

Minnesota Power Employees Credit Union’s Texas Ratio rose from 0.91% in Q3 2023 to 8.74% in Q2 2026, so its financial health has held steady at a healthy level over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0 and its Health Grade from A+ to A. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a credit union must stay to qualify 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 Grade15% Verified Healthy limit (green zone below = healthy)

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
June 30, 2026	$162M	8.74%	5.0	A
March 31, 2026	$170M	4.42%	5.0	A+
December 31, 2025	$159M	3.48%	5.0	A+
September 30, 2025	$158M	1.89%	5.0	A+
June 30, 2025	$157M	1.10%	5.0	A+
March 31, 2025	$157M	0.93%	5.0	A+
December 31, 2024	$160M	1.56%	5.0	A+
September 30, 2024	$154M	0.15%	5.0	A+
June 30, 2024	$152M	0.54%	5.0	A+
March 31, 2024	$151M	0.22%	5.0	A+
December 31, 2023	$147M	0.57%	5.0	A+
September 30, 2023	$141M	0.91%	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 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 Thomas Meyer

CEO Jason Olsen

Full-Time Employees 20

Part-Time Employees 0

Branch Locations 3

ATM Locations 1

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

8.74%

Return on Assets (ROA)

0.6699%

Return on Equity (ROE)

4.5686%

Non-Performing Loans Ratio (NPL)

1.92%

Total Assets

161,939,549

Total Amount of Shares and Deposits

135,939,506

Total Shares and Deposits < 1 Year

132,887,889

Total Shares and Deposits 1 3 Years

3,051,618

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

9,834,204

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

9,834,204

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

126,105,302

Total Interest Expense (Sum of items 6 8)

1,503,447

Share Certificates

813

Number of Accounts for Share Drafts

3,349

IRA KEOGH Accounts

149

Number of Accounts for Regular Shares

5,969

All other shares

Non Member Deposits

Money Market Shares

865

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

1,084,806

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)

15,371,212

Total Liabilities

141,941,958

Source: NCUA — Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Minnesota Power Employees Credit Union earned the Verified Healthy badge

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Frequently Asked Questions About Minnesota Power Employees Credit Union

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.