Business Details
50+ Years
experience
Your Trusted Partner for Member-First Financial Services
Mayo Employees Credit Union has served as a member-owned, not-for-profit financial cooperative since 1933. Our founding principles of pooling resources and providing member education continue to guide our commitment to helping members achieve financial goals. With over 74,875 member-owners and $1.42 billion in assets, we distribute earnings back to members through higher savings dividends, lower loan rates, and expanded services. Our membership eligibility extends beyond Mayo Clinic employees to include family members, retirees, and volunteers, ensuring broad access to quality financial services. Recognized as a 5-Star rated credit union by BauerFinancial and voted Best Credit Union in Rochester for six consecutive years, we combine institutional stability with personalized service.Our team delivers comprehensive financial solutions, including savings and checking accounts, mortgage and personal loans, investment services, and digital banking tools. We maintain physical locations in Minnesota, Florida, and Arizona, alongside 24/7 digital access for account management. Our operational transparency and community-focused approach have earned us multiple awards for customer service and workplace excellence. By prioritizing member needs over profit motives, we maintain our legacy as a trusted financial partner for individuals and families across diverse geographic regions.
Services
Savings Accounts
Checking Accounts
Mortgage Loans
Personal Loans
IRAs
Digital Banking
Investment Services
Vehicle Loans
Home Equity Loans
Certificate Programs
Details
- Year established: 1933
Highlights and features
- We return earnings to members through higher savings dividends and lower loan rates
- Our 5-Star BauerFinancial rating reflects exceptional financial stability
- Recognized as Best Credit Union in Rochester for six consecutive years
- Member eligibility extends to family members and volunteers nationwide
- Offering surcharge-free ATMs and digital banking tools for 24/7 access
Associations and certifications
- National Credit Union Administration
- BauerFinancial 5-Star Rating
What people say
Excellent customer service
Competitive rates
Quick loan approvals
User-friendly digital banking
Community-focused
Services
Savings Accounts
Our savings accounts provide secure money management solutions with competitive dividends. Members benefit from tiered interest rates and flexible options including youth accounts and certificates. As a not-for-profit credit union, we pass earnings back to members through enhanced savings returns.
Mortgage Loans
We offer fixed and adjustable-rate mortgage loans with personalized guidance from experienced loan officers. Members receive exclusive promotions like free gifts during special financing periods. Our local decision-making process ensures faster approvals and tailored solutions for homebuyers.
Digital Banking
Our digital platform enables 24/7 account access with features like mobile check deposit, bill payment, and real-time alerts. Security measures include biometric authentication and encrypted communications. The mobile app supports budgeting tools and instant transaction notifications for enhanced financial control.
Certificate Programs
Certificate accounts offer guaranteed returns with fixed terms from 8 months to multiple years. Special promotions provide additional incentives including cash bonuses and competitive APYs. These low-risk investments help members grow savings with predictable growth.
Personal Loans
We provide unsecured personal loans for debt consolidation, major purchases, or emergency expenses. Flexible repayment terms and quick approval processes ensure timely access to funds. Members benefit from lower rates compared to traditional banks and credit card financing.
Questions
Who is eligible for MEFCU membership?
Membership is available to Mayo Clinic employees, retirees, volunteers, and their family members including spouses, children, and extended relatives.
What loan products do you offer?
We provide mortgage, auto, home equity, personal, and education loans with competitive rates and personalized underwriting.
Are there surcharge-free ATMs?
Yes, we offer surcharge-free ATM access at multiple locations across Minnesota, Wisconsin, Florida, and Arizona.
Do you have mobile banking?
Our mobile app provides 24/7 account access with features like mobile check deposit, bill payment, and real-time transaction alerts.
What financial education resources exist?
We offer Financial Wellness Wednesdays, online calculators, budgeting tools, and personalized guidance through member services.
