State credit union · OAKDALE, Minnesota · NCUA charter #65063
NOVATION
Health score 83/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 83
- Health / 100
- $241.8M
- Total assets
- 14,498
- Members
- 10.9%
- Net-worth ratio
NOVATION scores 83/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $241.8M; members 14,498; net-worth ratio 10.86%; health rank #2,298 of 4,374; healthier than 46th of scored peers.
NCUA Call Report stamp band
NCUA 5300 Call Report Masthead
#2,298 of 4,374 health · 2025Q4NOVATION · health 83/100 · $241.8M · 2025Q4
Call Report peers
NOVATION in the assets neighbourhood
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NOVATION vs every NCUA-scored credit union
The busiest band is 85-89 (858 credit unions); NOVATION sits in 80-84 with 767 others.
83 46th percentile higher than 46% of 4,374 credit unions
every scored credit union, bucketed by value
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Source NCUA 5300 Call Report aggregates · 2025Q4
NOVATION: Call Report deltas vs peers
- Loan-to-Share Ratio leads the peer set - 79.67% here, 72.20% peer average (+7.47 pp).
- Net Worth Ratio trails the peer set - 10.86% here, 12.11% peer average (-1.25 pp).
Minnesota standing for NOVATION
- Minnesota health ordinal: #54 of 82.
- Minnesota assets place: #26 of 82.
- Minnesota membership ordinal: #27 of 82.
- One place up in Minnesota, Mower County Employees (#53) ties at 83/100; one place down, Northern Communities (#55) ties at 83/100.
Quarter path for NOVATION
NOVATION: total assets by quarter
2023Q4 to 2026Q1, NCUA 5300
- Assets moved +4.4% from $241.8M (2025Q4) to $252.3M (2026Q1).
- Net-worth ratio shifted +0.14 pp (10.72% → 10.86%).
10.86% net worth puts this credit union above the NCUA's 7.0% well-capitalized bar (Prompt Corrective Action rules).
How the 83/100 score is built
NOVATION gives up 17 points in total. Member Growth costs the most, 15 of its 15; Net Worth Ratio and Return on Assets and Loan-to-Share Ratio score full marks.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 23.4 pts
- Return on Assets 15.0 pts
- Member Growth 0.0 pts
- Loan-to-Share Ratio 14.6 pts
NOVATION vs peer ratios
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 10.86% | -1.25 pp |
| Delinquency Rate | 0.66% | -0.23 pp |
| Return on Assets | 1.05% | +0.43 pp |
| Member Growth | -15.59% | - |
| Loan-to-Share Ratio | 79.67% | +7.47 pp |
Peer averages: $100M–$500M cohort, 1069 credit unions, 2025Q4 filing.
NOVATION filing history
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $252.3M | - |
| 2025Q4 | $241.8M | 14,498 |
| 2024Q4 | $232.5M | 17,176 |
| 2023Q4 | $227.1M | 16,987 |
Credit Union Details
- Charter Number
- 65063
- Type
- State
- Field of Membership
- Other
- Peer Group
- $100M–$500M
- State
- Minnesota
- City
- OAKDALE
- Data Quarter
- 2025Q4
Branch Locations (2)
The NCUA branch filing lists 2 physical offices for NOVATION, spread across 2 cities.
| Office | City |
|---|---|
| Novation Credit Union (Main Office) | Oakdale, MN |
| Hutchinson Branch | Hutchinson, MN |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Minnesota
Other federally-insured credit unions in Minnesota, closest first by peer group and asset size.
Other-state peers near NOVATION
Using this data
- NOVATION ranks #2,298 of 4,374 nationally on financial health and #54 of 82 in MN -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Building Trades is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Building Trades
Frequently Asked Questions
Is NOVATION financially healthy?
NOVATION has a financial health score of 83/100 (Excellent) from its 2025Q4 NCUA 5300 Call Report. It ranks #2,298 of 4,374 nationally on health and #54 of 82 in Minnesota. Its net worth ratio is 10.86% and its delinquency rate 0.66%.
How does NOVATION compare to other credit unions?
NOVATION scores 83/100, higher than 46% of the 4,374 scored credit unions. Against the 1069 peers in the $100M–$500M cohort, its widest edge is loan-to-share ratio (79.67% vs 72.20%). Its widest shortfall is net worth ratio (10.86% vs 12.11%).
How can I join NOVATION?
Membership eligibility for NOVATION depends on its field of membership - currently: Other. Credit unions typically require a common bond such as employer, location, or association membership. Contact NOVATION directly for current membership requirements and application steps.
Is my money safe at NOVATION?
NOVATION is a state-chartered credit union; its shares are federally insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. NOVATION's net worth ratio of 10.86% exceeds the 7% threshold NCUA considers "well capitalized."
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.