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Wakota Credit Union Share
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Overview Share
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Wakota Credit Union is a federal credit union based in South St. Paul, Minnesota. It has been opened since 1931, for 91 years.

With around $30,870,000 in assets, Wakota Credit Union is considered to be an average size credit union.

About Share
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Address 1151 Southview Boulevard
South ST. Paul, Minnesota 55075
Website http://www.wakotafcu.org
Phone (651) 451-3330
Fax (651) 451-1385
CEO Mary Matheson
President of the Board Ed Loveridge
Services Offered
Score Card Share
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91 years
Years in business
Opened in 1931
Well Capitalized
Net worth classification
Source: NCUA
3,992 members
Membership type: Community credit union
Average number of members
420:1
Credit union member to staff ratio
420 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$30,870,115
Total assets
Average size
0 branches
Compared with an average of 4 nationally and 4 in Minnesota
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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0 branches
Compared with an average of 4 nationally and 4 in Minnesota
Above average number of branches
Wakota Credit Union Branch Locations

Wakota Credit Union: Main Office
1151 Southview Boulevard
South St. Paul, Minnesota 55075
ATM Available
Wakota Credit Union: Location of Records
1151 Southview Boulevard
South St. Paul, Minnesota 55075
No ATM
Members Share
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3,992 members
Membership type: Community credit union
Average number of members

With 3,992 members, the Wakota Credit Union is considered to be a medium size credit union. It is larger than 52% of credit unions.

Fees Share
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$111
Average fee per member
The average fee per member at the Wakota Credit Union is $111, which is very high compared to most credit unions. This rate is higher than 88% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Wakota Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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420:1
Credit union member to staff ratio
420 per each FTE employee
Compared to 411:1 nationally
Fewer staff
10 staff members
FTE (full-time equivalent)
27% of employees are part-time
8 full-time, 3 part-time

Wakota Credit Union has 8 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 73% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Wakota Credit Union has around 420 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$30,870,115
Total assets
Average size
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
9.0%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$9,683
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 46% of credit unions.

Wakota Credit Union holds a total of $20,150,000 in loans and leases, which is about $9,683 per member on average.

Savings interest rate Share
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0.05%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Wakota Credit Union pays 0.05%.

Loan rates Share
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10.60%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.06%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.33%
New car loan rate
Compared to 4.0% nationally
6.15%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.43%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.56%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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Wakota Credit Union: Main Office
Credit Union Branch: 1151 Southview Boulevard
South St. Paul, Minnesota 55075 ATM Available
Wakota Credit Union: Location of Records
Credit Union Branch: 1151 Southview Boulevard
South St. Paul, Minnesota 55075 No ATM
Wakota Credit Union: Main Office ATM
Credit Union ATM: 1151 Southview Boulevard
South St. Paul, Minnesota 55075
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Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.
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