Minnesota Power Employees Credit Union

What their website says about applying

• For mortgage appointments, we will need: source
• Two years of Federal and State tax returns source
• Call a loan officer for details or to apply over the phone. source
• Fast easy ONLINE ONLY application source

Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.

As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.

• Low or damaged credit considered no credit report or minimum credit score is required source
• Membership required Must be a member for at least 90 days source
• Income limit applies Maximum income limits determined by geographical area source

Only rules the lender's own pages state. Other requirements may apply.

Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. The loan amounts given apply only to Snap Cash; no service area is stated on the pages fetched. Terms change — confirm with the lender before applying.

Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.

1. Do you lend where I live, or where my business is?
   Their website does not say which area they serve.
2. How do I become a member, and is there a fee or a minimum deposit?
   Credit unions lend only to their members.
3. What are the smallest and the largest loans you make?
   No loan amounts are stated on their website.
4. What is the APR, including fees, on your auto loans and small-dollar emergency loans?
   Their website does not state an APR. The APR includes fees, so it is the number to compare.
5. What interest rate and fees should I expect on your small-business loans?
   Their website does not state a rate for this.
6. Do you need collateral, a business plan or a minimum time in business?
   Their website does not say what they require.
7. What documents will you need from me, and how long does a decision usually take?
   Their website describes some application steps (above); ask for the full document list.

Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.

On file with the NCUA as MINNESOTA POWER EMPLOYEES (charter 60377). Source: NCUA 5300 Call Report quarterly data (public data) as of 30 Jun 2026, downloaded 3 Nov 2026: total assets, members and branch addresses.

An office shows where the lender has a branch, not where it lends or whom it lends to. Credit unions serve members only; check who can join. For the ZIP-code search, credit-union offices are placed at the centre of their ZIP code (approximate).

Figures from the 5300 Call Report filed by Minnesota Power Employees Credit Union (NCUA charter 60377, filed as “MINNESOTA POWER EMPLOYEES”). Source: NCUA 5300 Call Report quarterly data (public data), cycle 30 Jun 2026; year-earlier figures from the 30 Jun 2025 cycle; downloaded 3 Nov 2026.

Loan mix (balances on 30 Jun 2026)

Balances are loans outstanding on the report date, not loans made during the year. A category with no balance does not mean the credit union never makes that kind of loan. Credit unions lend to members only; check who can join.

Minnesota Power Employees Credit Union reported 39 originated home loans for 2025 under the Home Mortgage Disclosure Act, totaling about $9.2M (median loan about $185,000). 30 were home-purchase loans.

Where the loans were made

Counties with the most 2025 originations, out of 11 counties with at least one; 92% of its 2025 loans were for properties in Minnesota:

• St. Louis County, MN (20)
• Hennepin County, MN (6)
• Ramsey County, MN (4)

Filed under LEI 254900J9CE43FKIA7D19 as “MPECU”; matched by its RSSD ID on the CDFI Fund list, which the HMDA reporter panel links to this LEI.

Source: FFIEC Home Mortgage Disclosure Act (HMDA) data for 2025, snapshot frozen 2 Jun 2026, loan-level records read through the CFPB HMDA Data Browser API on 3 Nov 2026. Originated loans only; applications that were denied, withdrawn or not accepted are not counted. HMDA publishes each loan amount as the middle of a $10,000 band, so totals and medians are approximate. Counts under 3 are not shown. How we match lenders.

For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section). Home loans: FFIEC/CFPB HMDA data.

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