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About Us

It started with $5 and a dream

Starting with just eight members who each invested $5, Members Cooperative Credit Union has grown to over 50,000, with a focus on serving our communities and empowering new generations.

Our Mission

To make our communities stronger, our employees happier, and our world better

That’s our mission, and we live it every day. As a not-for-profit credit union, we’re in business to serve our members with big-time products and hometown service.

Our Vision

To deliver an experience that's simple, fun, and more rewarding for everyone

Where you find a Members location, you'll find friendly faces, great products and technology, and an organization that strives to be a healthy part of our communities.

Smiling and greeting in a branch

Our history


In 1936, a group of eight people from the Cloquet area— seven men and one woman— envisioned a better way of getting the financial services that they and their community needed. They became the charter members of the Cloquet Co-op Credit Union. Each person deposited $5 and formed the organization with just $40 in capital.

Why join?

As a member, you'll get great rates on savings, investments, and loans, no-surcharge ATM access, youth education and savings options, and personal investment and planning services. All with our friendly service.



Local ownership and decision-making ensure our members' money is reinvested back into our communities.


Seriously great rates

Members can earn competitive interest on the money they deposit and get affordable rates on loans.


Available nationwide

Access accounts and conduct transactions at 40,000+ ATM locations across the US, or with our robust digital services.1

The Credit Union Difference

We’re driven to serve a higher purpose

Members Cooperative Credit Union is a not-for-profit financial cooperative that exists to serve our members. That's the bottom line that matters most.

Happy employees participating in a parade waving
Community Impact

Giving back is in our DNA

For over 85 years, Members Cooperative Credit Union has been a steadfast supporter of our members and communities. Most recently, we've been proud to support over 150 charities, causes, and special events.

Branch manager presenting large donation check

Join us


Ready to become a Members Cooperative Credit Union member and help build a better community?


Open an account


1 Members is a participant in the MoneyPass® ATM network. If a location has more than one ATM, look for the appropriate logo at the ATM or on the ATM screen.

Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers.

Video Banking