Federated Employees Credit Union

About Federated Employees Credit Union

Federated Employees Credit Union Location

1929 South Cedar Ave
Owatonna, MN 55060

Phone: (507) 455-5200
Website: www.fedecu.com
Routing/Transit Number: Not Available

Federated Employees Credit Union Information

Federated Employees Credit Union of Owatonna, 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 4981 members and assets of $36,406,628, as compared to the national average of $93 million dollars of assets per credit union. Federated Employees Credit Union, first opened in 1950 and has been in operation since then. Additionally, Federated Employees Credit Union has 5 full time employees and 4 part time employees, or 553.444444444 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 Federated Employees 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. Federated Employees Credit Union is a not-for-profit, cooperative, tax-exempt organization.