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HomeTown Credit Union Scholarships

We are now accepting applications for scholarships.  Applicants must be a graduating high school senior pursuing post high school education during the 2015-2016 school year. 
Scholarship deadline is 5:30 p.m., Friday, April 24, 2015.
Click here for more information and to apply.


2015 Credit Union Annual Meeting
 Tuesday, March 24, 2015 
Steele Co. History Center - 1700 Austin Rd. 
Owatonna, MN

7:00am - Breakfast
7:30am - Business Meeting

Registration is required.  Please contact us at 
451-3798 to reserve your seat.

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Employment Opportunities with 
HomeTown Credit Union
Click Here


We’re Celebrating Our 40th Anniversary
Our Credit Union Difference

· Not-for-profit Financial Cooperative
· Volunteer Board of Directors

Thank you for choosing HomeTown Credit Union!
A special message to the membership. . . 

Your Credit Union is celebrating 40 years of service to our members!

I thought you might enjoy a little history about credit unions. The model for today's credit unions is based on providing service to members as a credit cooperative, with the earliest financial cooperatives dating back to the beginning of the 19th century in England. The first credit union in the United States was opened in 1909 in New Hampshire, and the Federal Credit Union Act became law 25 years later. This Act created a cooperative system to successfully balance our nation's credit structure, allowing people of all means to have access to fair and affordable financial services. Credit unions are not-for-profit financial institutions that are owned by their members and overseen by a volunteer Board of Directors.

Home Town Credit Union was chartered on May 21, 1974 as OTC Employees Federal Credit Union, with the purpose of providing services to the OTC and Truth employees and their families. Our office was located in the basement of OTC, which eventually moved to the Depot building next to OTC. I know some of you were members at the time, and I thank you for your ongoing support! In the years following we expanded our field of membership to include other companies in Owatonna and we moved to our current location on Bridge Street in 1993. We merged with the Faribault Woolen Mill Credit Union in 1996, opening an office in the Faribault Depot building. In 1997 we opened up our membership to provide services to those that live, work, attend school, or worship in Steele, Rice, Dodge, and Waseca County. This allowed more people to enjoy the benefits of Credit Union membership.   In 1999 we opened an office at the Owatonna Hy-Vee Store to increase our hours of service and offer an alternative location for our members. In 2011 we partnered with the Owatonna School District to open a student-run branch at the Owatonna High School, as a means to improve the financial literacy skills of our youth. Today we are serving over 16,000 members in the four county area, with offices in Faribault and Owatonna, including an office in the Owatonna Hy-Vee Store and the Owatonna High School. Your Credit Union has accomplished a great deal over the past 40 years, including expanding the market we serve and the products and services we offer to our members. I look forward to what's ahead, as we are prepared for a bright and successful future! 

The Credit Union is in business to serve our members, and our mission is to be your trusted partner for financial success. Our staff and volunteers have worked diligently to fulfill this mission, and to support the communities we serve.   Thank you for your continued membership, and for supporting your Home Town Credit Union! 

Kim Westphal
President, Home Town Credit Union



We now offer Private Student Loans.

Click here for more information. . . .



Is Home Ownership in Your Future?
We offer a wide variety of financing options.
Contact us today for current rates and details on how to apply. 



Take a quick assessment to determine your financial health.


Politicians in Washington are considering an overhaul of the federal tax code – and taxing credit unions is on the list of proposed changes. 

     The credit union tax exemption was established by Congress to assure a low cost banking alternative, as credit union earnings are used to benefit the members rather than returning earnings to a group of shareholders. Unlike banks that maximize profits for a small group of investors, credit unions exist to serve their members, including working families, local small businesses and your community.

     HomeTown Credit Union is a not-for-profit financial cooperative owned by our members. As a member-owner, please consider contacting your US Congressperson and US senators to ask them not to tax your credit union. Taxing credit unions won’t make a dent in the national budget deficit as credit unions hold only 6% of consumer deposits nationwide.  A tax on credit unions is really just another tax on you, as it will impact the benefits you receive as a credit union member-owner.
Click here to learn more about our tax exempt status and how you can help preserve it.


Take advantage of skipping your loan payments*!
HERE to get started.

*Offer excludes VISA credit cards and real estate loans.  Each loan 
qualifies for one SkipPay per year.




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