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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

    High school seniors graduating in 2023 who plan to attend an accredited college or university in the fall will be invited to complete and submit an application. We’ll be awarding a total of 11 scholarships, in the following amounts:

    • One $2,500 scholarship
    • Five $1,000 scholarships
    • Five $500 scholarships

    To apply: Coming soon! The application period for 2023 scholarships will be January 31, 2023, through March 31, 2023. The application form will be available online.

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


    2023 Future Leaders Scholarship Application

    Applications will be open beginning January 31, 2023.

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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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