HomeTown Credit Union

History

HomeTown Credit Union's story started on May 21, 1974, when its doors were opened under the name of OTC Employees Federal Credit Union. We were driven with a purpose of providing sound financial services to Owatonna Tool Company and Truth employees and their families. After starting out in the basement of the OTC factory, we eventually moved to the Depot building beside it.

A few years later, we opened our charter to include additional companies in Owatonna, Minnesota, 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 Counties in Minnesota.
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 branch in Faribault, Minnesota.
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, Minnesota, to further expand our availability to our members.
In 2022, we expanded our membership offerings to a 26-county area in southern Minnesota to grow and serve even more members.