Hermantown Credit Union

About Hermantown Credit Union

Hermantown Credit Union Location

4477 Lavaque Rd.
Hermantown, MN 55811

Phone: (218) 729-7733
Website: www.hermantownfcu.org
Routing/Transit Number: Not Available

Hermantown Credit Union Information

Hermantown Credit Union of Hermantown, MN is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 11708 members and assets of $64,265,707, as compared to the national average of $93 million dollars of assets per credit union. Hermantown Credit Union, first opened in 1943 and has been in operation since then. Additionally, Hermantown Credit Union has 30 full time employees and 9 part time employees, or 300.205128205 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Hermantown Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Hermantown Credit Union is a not-for-profit, cooperative, tax-exempt organization.