It all started in the spring of 1936.
A group of eight people from the Cloquet area envisioned a better way of getting the financial services they and our community needed. These eight people, seven men and one woman, became the charter members of Cloquet Co-op Credit Union in July. Each one deposited $5 and formed the organization with just $40 in capital. Once established, new members paid an entrance fee of 25¢.
On January 1, 2001, the Cloquet Co-op Credit Union became Members Cooperative Credit Union. Our new name was chosen to additionally acknowledge our members outside the Cloquet area, who now account for over half of our membership. Today, more than 28,000 members have come together to pool nearly $350 million in assets. Their confidence and continued support have made Members Cooperative Credit Union the largest credit union based north of the Twin Cities. We’re proud of our growth, but we’re more proud of the fact that we continue to offer the same personal, responsive service our founders envisioned.
To be the primary, positive financial influence in the lives of our members/owners.
That’s our mission. You’ll see it in everything we do for you.
Imagine doing business with an organization that truly has your best financial future as its number-one goal. That’s our mission, and we're here to make it a reality for our individual and business members. As a not-for-profit credit union, we’re not in business to make money for a handful of shareholders – we’re in it to serve every one of our 28,000 members. As an MCCU member, you’ll enjoy a breadth and depth of smart financial products and services comparable to any of the larger banks, but you’ll get the kind of personal service and commitment you can only find at a local credit union.
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