Minn. Stat. § 46A.04 – Exceptions and Exemptions

(a) The requirements under section 46A.03, subdivisions 3, paragraph (b); 5, paragraph (b); 9; and 10, do not apply to financial institutions that maintain customer information concerning fewer than 5,000 consumers.
(b) This chapter does not apply to credit unions or federally insured depository institutions.