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    Members Cooperative Credit Union Go to main content

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    ABOUT US

    From eight members to fifty-three thousand. A few good people can empower generations.

    In the spring of 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 Cloquet Co-op Credit Union. Each person deposited $5 and formed the organization with just $40 in capital.

    In the decades that followed, MCCU grew, adding branches and expanding into Duluth, McGregor and Aitkin. In 2015, we merged with Lake State Credit Union, integrating our Moose Lake, Sandstone, North Branch and Isanti locations. In 2017, we merged with Lakes Area Federal Credit Union, bringing us into Grand Rapids. Most recently, in February of 2018, we expanded into the Brainerd Lakes Area, opening a branch in Baxter.

    Today, our family has grown across the state, to tens of thousands of members. Their confidence and continued support have made MCCU the largest credit union based north of the Twin Cities. We’re proud of our growth, but we’re more proud to continue the community-focused legacy our founders envisioned, and to empower new generations of members and their families.

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    SCHOLARSHIPS

    Talk about a worthwhile investment! MCCU is proud to support the academic endeavors of students in our communities with our annual Future Leaders Scholarship awards.

    Graduating high school seniors who plan to attend an accredited college or university are invited to complete and submit an application. In 2021, we awarded 11 scholarships, in the following amounts: 

    • 1 - $2,500
    • 5 - $1,000
    • 5 - $500

    Scholarship applications are available January 31 of each year, and all supporting documents must be submitted online by March 31, of the same year.

    Finalists are notified in the spring and scholarship funds are available to the recipients by January 31, of the following year.

    If you have any questions, please contact: scholarships@membersccu.org or (218) 878-3687.

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    NCUAEqual Housing Lender

    This credit union is federally insured by the National Credit Union Administration. We do business in accordance with the federal Fair Housing Act and Equal Credit Opportunity Act.

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