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The Lender Report built this page from public records. Members Cooperative Credit Union has not reviewed it. Every lender's page starts this way, and it says nothing about Members Cooperative Credit Union itself. Each figure shows its source and date. Work at Members Cooperative Credit Union? You can claim this page for free.
Credit union, Duluth, MN
Members Cooperative Credit Union
A credit union based in Duluth, MN. Its commercial book is led by owner-occupied CRE and non-owner-occupied CRE. Public files show recent multifamily, 1-4 unit investor, SBA 7(a), SBA 504 and real-estate-secured commercial loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 11, 2026
- Commercial book
- $203M
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 34
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 19
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $1.16B
- NCUA 5300,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 218-625-8500 From the NCUA record, June 30, 2026.
- Website
- www.membersccu.comFrom the NCUA record, November 9, 2026.
- Commercial lending page
- membersccu.comFrom the lender's website, retrieved November 11, 2026.
- Names it files under
- MEMBERS COOPERATIVENCUA 5300,
- Address
- 215 N 40th Ave W, Duluth, MN 55807NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Non-Federal Credit Union. Designated low-income by NCUA.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
What changed. Members Cooperative Credit Union's Owner-occupied CRE balance rose 13.5% to $86M in the quarter ended June 30, 2026. NCUA 5300,
| When | What the record shows | Source |
|---|---|---|
| Oct 2023 to Sep 2026 | SBA 7(a) approvals by processing method: 8 SBA Express.SBA ProcessingMethod field, net of cancellations. | SBA FOIA, |
| Jun 2025 to Jun 2026 | Owner-occupied CRE balance rose 36.3% to $86M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Non-owner-occupied CRE balance rose 3.0% to $65M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2026 | Minnesota | SBA 7(a), Full-Service Restaurants | $280K | 8.25% | 25 yr | SBA FOIA | |
| May 2026 | Minnesota | SBA 7(a), Landscaping Services | $18K | 8.5% | 7 yr | SBA FOIA | |
| Apr 2026 | Minnesota | SBA 7(a), Full-Service Restaurants | $190K | 9% | 10 yr | SBA FOIA | |
| Apr 2026 | Wisconsin | SBA 7(a), Transportation and Warehousing | $64K | 7.75% | 10 yr | SBA FOIA | |
| Jan 2026 | Minnesota | SBA 7(a), Mobile Food Services | $28K | 8.5% | 7 yr | SBA FOIA | |
| 2025 | Minnesota | Purchase, 25 to 49 units | $4M | 7.25% | 10 yr | 55% | HMDA 2025 |
| 2025 | Carlton County, MN | Improvement, 5 to 24 units | $2.3M | 6.4% | 10 yr | 46% | HMDA 2025 |
| 2025 | St. Louis County, MN | Purchase, 5 to 24 units | $680K | 7.6% | 10 yr | 68% | HMDA 2025 |
| 2025 | Carlton County, MN | Purchase, 5 to 24 units | $440K | 7.6% | 10 yr | 80% | HMDA 2025 |
| 2025 | St. Louis County, MN | Purchase, 5 to 24 units | $220K | 7.39% | 10 yr | 80% | HMDA 2025 |
| 2025 | St. Louis County, MN | Purchase, 5 to 24 units | $140K | 7.25% | 10 yr | 74% | HMDA 2025 |
| Dec 2025 | Minnesota | SBA 7(a), Fitness and Recreational Sports Centers | $90K | 8% | 10 yr | SBA FOIA | |
| Aug 2025 | Minnesota | SBA 7(a), General Freight Trucking, Long-Distance, Truckload | $200K | 8.25% | 8 yr | SBA FOIA | |
| May 2025 | Minnesota | SBA 7(a), Water and Sewer Line and Related Structures Construction | $500K | 8.5% | 10 yr | SBA FOIA | |
| Mar 2025 | Minnesota | SBA 504, Transportation and Warehousing | $500K | 25 yr | SBA FOIA | ||
| Mar 2025 | Minnesota | SBA 504, General Automotive Repair | $430K | 25 yr | SBA FOIA | ||
| Mar 2025 | Minnesota | SBA 7(a), Other Personal Care Services | $160K | 8.5% | 25 yr | SBA FOIA | |
| Jan 2025 | Minnesota | SBA 504, Retail Trade | $450K | 20 yr | SBA FOIA | ||
| Jan 2025 | Minnesota | SBA 504, Clothing and Clothing Accessories Retailers | $330K | 25 yr | SBA FOIA | ||
| 2024 | St. Louis County, MN | Refinance, 5 to 24 units | $520K | 7.25% | 10 yr | 31% | HMDA 2024 |
| 2024 | St. Louis County, MN | Purchase, 5 to 24 units | $240K | 7.25% | 10 yr | 55% | HMDA 2024 |
| 2024 | St. Louis County, MN | Purchase, 5 to 24 units | $220K | 7.15% | 10 yr | 71% | HMDA 2024 |
| 2024 | St. Louis County, MN | Purchase, 5 to 24 units | $180K | 6.88% | 10 yr | 80% | HMDA 2024 |
| Oct 2024 | Minnesota | SBA 504, Transportation and Warehousing | $480K | 25 yr | SBA FOIA | ||
| Sep 2024 | Minnesota | SBA 7(a), Outpatient Mental Health and Substance Abuse Centers | $30K | 9.5% | 5 yr | SBA FOIA | |
| 12 SBA 7(a) loans since October 2023, net of cancelled | $4.12M | SBA FOIA | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $29.5M | 3.1% | -4.4% | 44 | $670K |
| Construction and land development | $7.79M | 0.8% | -7.9% | 4 | $1.95M |
| Owner-occupied CRE | $86.0M | 9.1% | +36.3% | 169 | $509K |
| Non-owner-occupied CRE | $65.0M | 6.8% | +3.0% | 78 | $833K |
| Farmland | $0 | 0.0% | Not reported | 0 | Not reported |
| Commercial and industrial | $14.5M | 1.5% | -7.6% | 159 | $91.4K |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $203M |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $154M |
| Q4 2023 | $154M |
| Q1 2024 | $151M |
| Q2 2024 | $156M |
| Q3 2024 | $158M |
| Q4 2024 | $169M |
| Q1 2025 | $179M |
| Q2 2025 | $181M |
| Q3 2025 | $191M |
| Q4 2025 | $192M |
| Q1 2026 | $197M |
| Q2 2026 | $203M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 6 | $7.84M | $565K | $4M | HMDA, |
| Multifamily, 5 or more units | 2024 | 4 | $1.20M | $230K | HMDA, | |
| 1-4 unit investor or business purpose | 2025 | 21 | $3.81M | $145K | HMDA, | |
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 12 | $4.12M | $175K | $2.2M | SBA FOIA, |
| SBA 7(a), net of cancelled | 12 months to Sep 2026 | 6 | $673K | SBA FOIA, | ||
| SBA 504 first lien, net of cancelled | 36 months to Sep 2026 | 7 | $3.51M | $479K | $760K | SBA FOIA, |
| Real-estate-secured commercial | First half of 2026 | 34 | $23.4M | NCUA 5300, | ||
| Multifamily | First half of 2026 | 5 | $4.35M | NCUA 5300, | ||
| Construction | First half of 2026 | 1 | $340K | NCUA 5300, | ||
| Owner-occupied CRE | First half of 2026 | 19 | $11.0M | NCUA 5300, | ||
| Non-owner-occupied CRE | First half of 2026 | 9 | $7.70M | NCUA 5300, | ||
| C&I | First half of 2026 | 25 | $2.22M | NCUA 5300, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its NCUA charter number. SBA 504 first liens: its name and state.
| Book | Average loan |
|---|---|
| Construction and land development | $1.95M |
| Multifamily | $670K |
| Owner-occupied CRE | $509K |
| Non-owner-occupied CRE | $833K |
| Commercial and industrial | $91.4K |
| Industry | Loans | Dollars |
|---|---|---|
| Transportation and Warehousing | 5 | $4.01M |
Programs on record: Federal Home Loan Bank member, Des Moines district (FHFA).
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| Minnesota HQ | 12 | 6 | 19 | 11 | 7 |
| Wisconsin | 0 | 0 | 2 | 1 | 0 |
| County | Recorded loans | Dollars |
|---|---|---|
| St. Louis County, MN | 7 | $2.21M |
| Metro | Recorded loans | Dollars |
|---|---|---|
| Duluth, MN-WI | 9 | $4.96M |
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $143M | $43.9M to $144M across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $153M | $542K to $64.1M across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 107.0% | 0.7% to 113.1% across 8 peers | Business loans outstanding over the estimated cap. This credit union is designated low-income by NCUA and is exempt from the cap. | NCUA 5300, |
| Largest single borrower | $18.8M | $4.84M to $21.2M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 81.3% | 16.2% to 110.0% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 81.5% | 59.7% to 83.7% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Loan channel and SBA processing
Public record only
- SBA Express
- 8 loans
- Approval to first disbursement
- 10.5 days, median of 10
SBA FOIA, SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| City & County Credit Union | MN | $1.17B | $115M |
| Topline Financial Credit Union | MN | $1.12B | $115M |
| Mid Minnesota Credit Union | MN | $858M | $67.6M |
| Ideal Credit Union | MN | $1.07B | $53.3M |
| Minnco Credit Union | MN | $605M | $23.1M |
| First Alliance Credit Union | MN | $358M | $26.8M |
| ST. Cloud Financial Credit Union | MN | $456M | $59.1M |
| Sharepoint Credit Union | MN | $360M | $15.2M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. Members Cooperative Credit Union, NCUA charter 60216. Compare it with the regulator's record. [NCUA profile]
- Balances. $1.16B in total assets and $203M in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. 34 real-estate-secured commercial loans made in the first half of 2026, from your NCUA Form 5300, and 50 loans in HMDA and SBA files, through September 30, 2026: 6 HMDA multifamily 2025, 4 HMDA multifamily 2024, 21 HMDA 1-4 unit investor 2025, 12 SBA 7(a) in 36 months, 7 SBA 504 first liens in 36 months. [How each file was tied to Members Cooperative Credit Union]
- Phone and website. Phone 218-625-8500, from the NCUA record. Website membersccu.com, from the NCUA record. [How to reach them]
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For the record
Data as of June 30, 2026. Page last changed November 11, 2026.
- Regulator
- NCUA and state regulator
- NCUA charter
- 60216
- RSSD
- 505792
- LEI
- 549300GS2JP8CQK0MD31
- The Lender Report ID
- lr_001360
- Main office county
- Saint Louis
- Members
- 60,060
- NCUA region
- 3 - Western
NCUA credit union details,
- Reported $1.2B in total assets as of June 30, 2026 (NCUA 5300).
- Held $202.7M of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $86M of owner-occupied commercial real estate loans as of June 30, 2026, up 36.3% from a year earlier (NCUA 5300).
- Held $65M of non-owner-occupied commercial real estate loans as of June 30, 2026, up 3.0% from a year earlier (NCUA 5300).
- Held $29.5M of multifamily loans as of June 30, 2026 (NCUA 5300).
- Originated 6 multifamily loans totaling $7.8M in 2025 (HMDA).
8 more sentences
- Originated 4 multifamily loans totaling $1.2M in 2024 (HMDA).
- Originated 21 1-4 unit investor or business-purpose loans totaling $3.8M in 2025 (HMDA).
- Recorded 12 SBA 7(a) approvals totaling $4.1M from October 1, 2023 to September 30, 2026 (SBA).
- Provided the first lien on 7 SBA 504 projects with $3.5M in first-lien dollars from October 1, 2023 to September 30, 2026 (SBA).
- Originated 34 real-estate-secured commercial loans totaling $23.4M in the first half of 2026 (NCUA 5300).
- Bought $4M of commercial loan participations from January 1 to June 30, 2026 (NCUA 5300).
- Held $56.1M of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 12 offices in 1 state (NCUA).
Cite this
Source: The Lender Report, Members Cooperative Credit Union, https://lender.report/lender/members-cooperative-credit-union-mn/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
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Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem