Our Story
It started on May 21, 1974, when OTC Employees Federal Credit Union opened its doors. We were driven with a purpose of providing sound financial services to OTC and Truth employees and their families. After starting out in the basement of OTC, we eventually moved to the Depot building beside it.
A few years later, we opened our charter to include additional companies in Owatonna and moved to our current full-service location on Bridge Street. We’ve seen growth ever since.
- In 1996, we merged with Faribault Woolen Mill Credit Union.
- In 1997, we opened our membership to those that live, work, attend school and worship in Dodge, Rice, Steele, and Waseca County.
- In 1999, we opened a full-service location at the Owatonna Hy-Vee Store to increase hours of operation so we can be more accessible to our members.
- In 2005, we moved from the former Milwaukee Road railroad depot to our current full-service Faribault branch.
- In 2016, we held the first annual HomeTown Spirit Day which is a day now set aside every year for our employees to serve our communities and spread kindness.
- In 2019, we moved from our location within the Owatonna Hy-Vee Store to a new stand-alone full-service branch right next door.
- In 2021, we opened a new full-service branch in Northfield to further expand our availability to our members.
Today, we serve over 20,500 members in our 4-county area. We’re leading the charge to offer financial education in our communities and are here to be a trusted partner for financial success. Our staff and volunteers work hard to fulfill this mission every day.
Who We Serve
If you live, work, attend school or worship in Dodge, Rice, Steele or Waseca Counties of Minnesota you are eligible to become a member of HomeTown Credit Union.
Open an Account
Insured by the NCUA
Best of all, your accounts are federally insured by the National Credit Union Administration (NCUA) to at least $250,000 and are backed by the full faith and credit of the U.S. Government. For more information visit the NCUA website: www.ncua.gov.
Why Bank at HomeTown?
Why should you choose HomeTown Credit Union? As a credit union, we proudly wear our identity on our sleeves. We believe in being advocates in our local community, giving back to our members, friendly and helpful employees, and providing tools and resources to help our members manage their finances. You are not a dollar sign to us; you are a member our Credit Union family.
Within our industry, typically a credit union provides financial products on the most favorable terms it can afford to offer. This means that instead of offering accounts to customers and large dividends to a small group of owners (as banks do), credit unions offer competitive dividends, loan rates, and other benefits not found at a bank.
We Put You First, Always.
Bottom line, banks are for-profit enterprises. Credit unions are not-for-profit, financial cooperatives. In other words, our members are our owners and everything we do is to the benefit of ALL our members, not just a select few. This means that instead of trying to turn big profits and appease a small group of investors, our primary goal is to give back to our members. We are able to do that in the form of offering competitive Interest rates on loans and paying a good dividend back to our members on deposits. In turn, we are always looking for ways to go above and beyond to help our member-owners achieve their dreams, no matter how big or small. So as a credit union, HomeTown offers all the financial services that you need – and will forever remain not for the profit, but for the people – our members.
Community • Integrity • Education • Member Advocacy • Commitment
You can be sure that by choosing to open an account, deposit your funds, or take out a loan with us at HomeTown Credit Union, we are turning around and reinvesting in the communities we serve! At HomeTown, it has always been our goal to make a positive difference in communities we serve by living up to the standards within our core values. We promise to always advocate for our members’ best interests, act in ways that are transparent, honest, and ethical, serve with passion and enthusiasm, provide support and be engaged in the communities we serve, and improve our members’ financial well-being through ongoing education.
Join Our Growing Team!
HomeTown Credit Union is looking for qualified individuals to join us in the dynamic and fast-paced work environment of our growing financial institution. At HomeTown, we make a difference for our staff, members, and the community by living out our Core Values of Integrity, Commitment, Member Advocacy, Education, and Community. If you’re looking to grow your career while also making an impact and serving your community, then HomeTown Credit Union is the place for you. We offer an inviting work environment where you’ll be challenged and your career nurtured.
On top of that, we offer a great benefits package including:
- 401K plans
- Medical, dental and vision insurance
- Paid time off plus holidays
- Wellness discounts
- And so much more!
Current Openings:
We do not currently have any open positions, however, if you would like to share your information in the event a position becomes available, please email a cover letter and resume to HR@HomeTownCU.coop
Meet the People Who Lead Us
Your money is safe with us. Our Board of Directors volunteer their time so they always have your best interest at the forefront.
Our Volunteer Board of Directors
- Nicole Schulz, Chair
- Perry Christensen, Vice-Chair
- Scott Markman, Treasurer
- Donna Braun, Secretary
- Vickie Skala, Director
- Danielle Hager, Director
- Brian Bentley, Director
- Shelly Rockman, Director
- Dayna Norvold, Director
Our Associate Board Members
Our Volunteer Supervisory Committee
- George Walter, Chair
- Lynn Erickson
- Tiffany Kriesel
- Steve LaVallie