NCUA merger report, Q1 2026
Heartland Credit Union merger into Novation Credit Union
NCUA's Merger Activity and Insurance Report for Q1 2026 lists Heartland Credit Union, of Inver Grove Hei, MN, as merging into Novation Credit Union, of Oakdale, MN. NCUA records the reason as "expanded services". Heartland Credit Union still filed its own call report for Q2 2026, so the merger may not have taken effect yet: its figures.
Members of Heartland Credit Union become members of Novation Credit Union. Watch for its notice on new account numbers, cards and online banking.
The two credit unions side by side
| Measure | Heartland Credit UnionQ2 2026 | Novation Credit UnionQ2 2026 |
|---|---|---|
| Assets | $172.0M | $244.0M |
| Members | 10,693 | 14,254 |
| Net worth ratio | 10.06% | 10.99% |
| Offices | – | 8 |
| Paid on deposits | – | 1.36% |
| New auto loan rate | – | 5.13% |
| Fee income per member | – | $29 |
Figures for Heartland Credit Union are from its call report for Q2 2026; this page carries only its size and capital. Assets for the report quarter: $176.6M merging, $240.2M continuing.
On our member-value score, built only from call-report data, Novation Credit Union scores 58.0 out of 100.
Novation Credit Union offices near Inver Grove Hei
From NCUA's branch file for Q2 2026, in Inver Grove Hei first and then elsewhere in MN. Every Novation Credit Union location
Arden Hills, MN 1
- Land O Lakes 4001 Lexington Ave N, Arden Hills, MN 55126
Hugo, MN 1
- Hugo 14727 Victor Hugo Blvd N, Hugo, MN 55038
Hutchinson, MN 1
- Hutchinson Branch 45 Hassan St Se, Hutchinson, MN 55350
Inver Grove Heights, MN 1
- Inver Grove Heights 5500 S Robert Trl, Inver Grove Heights, MN 55077 Drive-through · ATM
New Prague, MN 1
- New Prague 100 Alton Ave. Se, New Prague, MN 56071 Drive-through · ATM
Oakdale, MN 1
- Novation Credit Union 500 Imperial Ave N, Oakdale, MN 55128 Main office · Drive-through · ATM
Source: NCUA Merger Activity and Insurance Report, Q1 2026, and NCUA 5300 call reports. The report quarter is when the approval was listed; the merger may take effect later. Not affiliated with NCUA or either credit union. · All recent mergers · Novation Credit Union full figures
Questions people ask
Did Heartland Credit Union merge?
Yes. NCUA's Merger Activity and Insurance Report for Q1 2026 lists Heartland Credit Union, of Inver Grove Hei, MN, as merging into Novation Credit Union, of Oakdale, MN. It still filed its own call report for Q2 2026, so the merger may not have taken effect yet.
Why did Heartland Credit Union merge?
NCUA records the reason as "expanded services". That is the category NCUA's report gives; the credit unions' own merger notice to members explains it in more detail.
What happens to my Heartland Credit Union account?
Members and their accounts move to Novation Credit Union, which becomes your credit union. Account numbers, the routing number, cards, checks and online banking can change; the notice Novation Credit Union sends members gives the dates. Keep using your current details until it tells you otherwise.
Is my money still insured?
Yes. Novation Credit Union is federally insured by NCUA, which covers deposits up to $250,000 per owner, per insured credit union, for each account ownership category. If you also had accounts at Novation Credit Union before the merger, your balances are now at one credit union.