Founded in 1954 as the 3M Employees Credit Union, Novation Credit Union was a not-for-profit, member-owned financial institution. Its mission was to provide its members, primarily employees and families of 3M and other partner companies, with a full range of financial services, including savings, checking, loans, and mortgages, focusing on better rates and lower fees than traditional banks. In 2021, Novation Credit Union completed a merger with Baxter Credit Union (BCU) to provide members with enhanced services, more locations, and improved digital banking capabilities. All operations now continue under the BCU name and brand.

Founded in

United States