Join Novation Credit Union

Eligibility

Membership eligibility includes:

Employees and retirees of 3M

Employees and retirees of Solventum

Those who live, work, or worship in McLeod County, MN

Family of a current Novation member

Novation Foundation supporters

If none of the other criteria apply to you, Novation membership is open to anyone who chooses to support the financial literacy and wellness focus of the Novation Foundation (minimum $10 donation).

application process

How do I apply for membership?

Eligible applicants may complete the online membership application, call us, or visit a branch in Oakdale or Hutchinson, MN.

Membership begins with a deposit of at least $5 into a Primary Savings account which is yours to withdraw should you ever discontinue your relationship with Novation.

You will need the following items to complete your membership application.

$5 minimum deposit

Government-Issued Identification

Driver’s License, State ID, or Passport with current address

Complete physical and mailing address

Social Security Number

Date of Birth

Apply today

Join over 17,000 members benefitting from belonging to the credit union today!

Referral program

Get rewarded for sharing your Novation experience!

Members who enjoy their Novation experience can spread the word and refer family members, colleagues, and others based on the membership eligibility outlined above. Both the referring and referred member will earn $25.*

Be sure to note the referring member’s name in the membership application.

The new member can also earn up to $75 in additional rewards during the first 180 days of membership.

Earn $25 for you and the new referred member

Up to $75 in additional rewards for referred new members

Additional rewards available to new members during the first 180 days of membership**:

$25 for setting up Direct Deposit
$25 for signing up for a Novation Visa® Credit Card
$25 for closing on a Novation loan

Loyalty program

Get more out of your membership

Members can qualify for either a 0.25% rate discount on an Auto or Recreational Vehicle Loan or a 0.25% dividend rate increase on their Incentive Checking account by meeting two of the three following criteria:***

Monthly automatic deposit of at least $1,000 into a Novation Savings or Checking Account

Or $12,000 per calendar year

Average 12+ debit card transactions per month

Or 144 per calendar year

Average 12+ credit card transactions per month

Or 144 per calendar year

*Offer valid 3/1/2024. New member must open a membership for referring and new member to receive $25. The referral bonus will be deposited into each Savings account within 30 days of account opening. Offer not valid for existing Novation memberships. Minimum $5 to open membership. Friend/Family Referral must be checked on membership application with Referral Name and City for pay out confirmation. Referring member must be in good standing. Referral and account opening bonus may be reported to IRS. Program details subject to change and cannot be combined with any other offer. New members only. Novation employees are not eligible for referral bonus. Insured by NCUA.

**New member will be paid $25 after direct deposit is set up, $25 after they open a Novation Visa Credit Card, and/or $25 after they close on a Novation loan. Must be within 180 days of membership opening. Offer excludes existing loans financed through Novation and cannot be combined with any other new member referral offers. Offer subject to change without notice. Additional restrictions may apply.

***Member must meet all credit and underwriting requirements to use reward. Click here for the full terms and conditions of our Loyalty Program.