The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

The score has been essentially flat from Q2 2025 to Q2 2026 (71 → 71).

Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Similar-size credit unions in Minnesota

Yes. Novation Credit Union is a federally insured credit union (NCUA charter #65063). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

An estimated 3.4% of shares and deposits ($7.4M) are above the $250,000 NCUA insurance limit, below the peer median of 6%. Insured balances are protected regardless of the score.

The net worth ratio is 10.99%, above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

Novation Credit Union lists 6 offices in 6 cities. Most locations:

• Arden Hills, MN (1)
• Hugo, MN (1)
• Hutchinson, MN (1)
• Inver Grove Heights, MN (1)
• New Prague, MN (1)
• Oakdale, MN (1)

All branch addresses and map

In 2025, Novation Credit Union reported 149 home-loan applications under HMDA (LEI 549300ODTHTLPTSBD612): 112 originated ($8,610,000 total), 25 denied, and 12 withdrawn or closed by the applicant. Its denial rate on decided applications was 18.2%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

All Novation Credit Union card terms

Legal name

Novation Credit Union

Type

Federally insured state-chartered credit union

NCUA charter #

65063

RSSD ID

580696

Primary regulator

State + NCUA

Established

1954

Headquarters

500 Imperial Ave N, Oakdale, MN 55128

Employees

37