Charter 65063 · Oakdale, MN
Novation Credit Union
Novation Credit Union is a state-chartered credit union in Oakdale, Minnesota, with $244 million in assets and 14,254 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 10.99%, well above the 7% that NCUA's rules treat as well capitalized.
Also does business as Novation Financial.
- Total assets
- $244 million
- +1.8% in a year
- Members
- 14,254
- -5.1% in a year
- Net worth ratio
- 10.99%
- Peer median 11.65%
- Loans 60+ days late
- 0.66%
- Peer median 0.70%
- Loans outstanding
- $176 million
- +6.1% in a year
- Shares and deposits
- $216 million
- +0.7% in a year
- Branches
- 8
- 37 employees
- Opened
- 1954
- Minnesota charter
How Novation Credit Union compares
NCUA groups credit unions by size; Novation Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 10.99% is lower than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.66%, is about the same as the group median of 0.70%. Loans grew 6.1% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 26 of 80 credit unions headquartered in Minnesota. See all Minnesota credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $244 million | 14,254 | $176 million | 10.99% | 0.66% |
| Q1 2026 | $252 million | 14,384 | $172 million | 10.86% | 0.66% |
| Q4 2025 | $242 million | 14,498 | $171 million | 10.72% | 0.66% |
| Q3 2025 | $240 million | 14,681 | $171 million | 10.40% | 0.58% |
| Q2 2025 | $240 million | 15,016 | $166 million | 10.16% | 0.46% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 500,000 potential members.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 6 sites for Novation Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Novation Credit Union (main office)
500 Imperial Ave N, Oakdale, MN 55128 - Hutchinson Branch
45 Hassan St Se, Hutchinson, MN 55350 - Hugo
14727 Victor Hugo Blvd N, Hugo, MN 55038 - Inver Grove Heights
5500 S Robert Trl, Inver Grove Heights, MN 55077 - Land O Lakes
4001 Lexington Ave N, Arden Hills, MN 55126 - New Prague
100 Alton Ave. Se, New Prague, MN 56071
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology