Novation
Novation is a credit union based in Oakdale, Minnesota, established in 1954, with $252 million in total assets serving 14,384 members. By Trust Grade it ranks 37th of 81 credit unions we track in Minnesota. Its net worth ratio of 10.9% trails most similarly sized credit unions (44th percentile), versus a Minnesota median of 12.2%. It was profitable over the most recent period, with a 1.09% return on assets. No consumer complaints against Novation appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Novation compares to Minnesota peers
How we graded Novation
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (10.9% capital ratio)
- Strongly profitable (ROA 1.09%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Novation over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Novation insured?
Yes. Novation is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Novation: frequently asked questions
Is Novation a good credit union?
Novation earns a Bankzia Trust Grade of A (94/100, "Excellent"), based on a financial-strength score of 94/100 (it has no CFPB complaints on record). Well-capitalized (10.9% capital ratio); Strongly profitable (ROA 1.09%).
Is Novation NCUA-insured?
Yes. Novation is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Novation?
Novation holds $252 million in total assets, ranking 37th of 81 credit unions we track in Minnesota. It serves 14,384 members.
Does Novation have CFPB complaints?
No CFPB complaints against Novation appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
