Mayo Employees Credit Union Rochester MN | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Mayo Employees at St Marys Hospital, your trusted financial partner located at 1216 2Nd St Sw, Rochester, MN 55902. Since our establishment in 1934, we have dedicated ourselves to serving our members with integrity and care. With a growing membership of 74,655, we are proud to be a part of the Rochester community. At Mayo Employees Credit Union, we understand that finances can sometimes feel overwhelming. That's why we're here to help you navigate your financial journey with personalized services tailored to meet your needs. Our total assets exceed an impressive $1,380,196,657, demonstrating our stability and commitment to helping you achieve your financial goals. We offer a range of products including personal banking options such as checking and savings accounts, auto loans, mortgage loans, and business banking services. Our total deposits stand at $68,534,436, reflecting the trust placed in us by our members. Additionally, we have facilitated over 25,642 loans and leases, empowering our community members with the funds they need for their aspirations. Led by our CEO Mary Hansen and Board President Patrick Steward, our team of 125 employees is passionate about providing excellent service. We believe in fostering strong relationships with our members based on trust and transparency. With a net worth of $184,661,216 and cash in hand totaling $5,381,808, you can rest assured that your finances are safe with us. While members can visit us at our branch for all their banking needs, official correspondence should be sent to the same address: 1216 2nd St SW, Rochester, MN 55902. If you have any questions or would like to learn more about how we can assist you today, don't hesitate to reach out at 507-255-7004. We invite you to explore the various services we offer by visiting us online at mayocreditunion.org. Let's work together towards achieving your financial dreams!

Branch History & Mission

Join Us

As we look forward to the future, we invite you to join Mayo Employees Credit Union. Together, let's build stronger financial futures while supporting one another as part of this vibrant community. For more information or to start your journey with us today, please call us at 507-255-7004 or visit our website at mayocreditunion.org. Your path towards financial empowerment starts here!

Our Journey

From our humble beginnings at 1216 2nd St SW, Mayo Employees has continuously evolved to meet the needs of our community. As we opened our doors nearly nine decades ago, we committed ourselves to not only offer essential banking services but also to support our members through life's financial journeys. Our history is marked by milestones that reflect our dedication be it expanding our loan offerings or enhancing digital banking capabilities to ensure convenience and accessibility for all. Our headquarters in Rochester, MN, serves as a beacon for local support and innovation. We recognize that banking is about building relationships; thus, we foster partnerships and actively engage in community outreach efforts. Whether it's through financial education workshops or sponsorships of local events, we strive to make a positive impact beyond just numbers.

Our Mission

At Mayo Employees, our mission is simple yet profound: to provide accessible financial solutions while fostering a sense of belonging within our community. We believe that everyone deserves access to quality financial services that can help them achieve their goals be it buying a home, financing a vehicle, or planning for retirement. We are proud to offer a range of services including checking and savings accounts, auto loans, mortgages, personal loans, and credit cards with rewards. In addition to traditional banking services, we embrace technology by offering online and mobile banking options so you can manage your finances anytime, anywhere. While members can visit us at 1216 2nd St SW, official correspondence should be sent to the same address. We invite you to experience the warmth and commitment of Mayo Employees. With operating hours from Monday to Friday between 8 A.M. and 4 P.M., we're here ready to assist you with any inquiries or needs you may have.

Branch Location & Accessibility

Convenient Access and Services

Our branch offers ample parking and is designed with accessibility in mind, featuring ADA-compliant ramps to make your visit comfortable. Whether you're stopping by for personal banking services or need assistance with loans, our friendly staff is ready to help. We provide a range of services including checking and savings accounts, auto loans, mortgages, and credit cards with rewards. Though we do not have drive-thru service at this location, we do offer an ATM for quick cash withdrawals and balance checks. Our lobby hours are welcoming too open Monday through Friday from 8 A.M. to 4 P.M. making it easy for you to fit your banking into your schedule.

Get in Touch!

If you have questions or need assistance, feel free to call us at 507-255-7004. We invite you to visit us soon; let's work together on achieving your financial goals!

Member Eligibility

At Mayo Employees, we believe that becoming a member is like joining a supportive family where your financial well-being is our top priority. If you're wondering whether you can join us, the good news is that membership is open to those who work or have worked at Mayo Clinic, as well as their families. This means if you're part of this vibrant community or related to someone who is, you're likely eligible! To explore the complete details on eligibility criteria, please visit this link. Joining Mayo Employees offers numerous advantages, including access to personalized financial services and products tailored to meet your unique needs. It's easy to get started! Simply visit us at 1216 2Nd St Sw Rochester Mn 55902 or give us a call at (507) 255-7004. We're here to help you open an account and guide you through each step of the process so you can start enjoying all the benefits of membership today! For further information about opening an account, check out this page.

Business Banking & Commercial Services

Merchant Services That Work for You

In addition to our loan offerings, we provide comprehensive merchant services that simplify payment processing. Imagine being able to accept payments quickly and securely, allowing you more time to focus on what you do best running your business. Our services help streamline transactions, making it easier for your customers to pay while improving your cash flow. Visit us at 1216 2Nd St Sw Rochester Mn 55902 in Rochester, MN, or call us at (507) 255-7004 to learn more about how we can support your business's success today!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $5 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $2,022,159, we continue to drive economic growth by financing new and expanding businesses. Whether you're looking to purchase equipment, expand your operations, or manage cash flow, our loan options are tailored to meet your unique needs.

Comprehensive List Of Services

Business Banking Solutions

If you're a business owner, our services extend to Business Banking, offering essential features like Merchant Services and Business Loans. We know how vital it is for businesses to have reliable financial support, so we work hard to tailor solutions that fit your specific requirements.

Credit Cards and Rewards

Our Credit Cards with Rewards program lets you earn benefits while making everyday purchases. This could mean cashback on groceries or travel rewards for your next adventure all designed to enhance your financial experience.

Digital Banking Features

In today's fast-paced world, convenience matters. That's why we prioritize Online & Mobile Banking features. Access your accounts anytime and anywhere through our secure platforms. Need cash? Our ATM & Cash Withdrawal Services ensure you have easy access to your funds when you need them most. We also offer basic ATM access for quick withdrawals and balance checks, making it simple to manage your finances on the go.

Join Us Today!

At Mayo Employees, we are committed to ensuring that all members receive exceptional service tailored just for them. If you're interested in exploring any of these offerings or have questions about how we can assist you further, don't hesitate to reach out! Call us at 507-255-7004 or visit our website at mayocreditunion.org for more details and resources. Let's work together toward achieving your financial goals!

Personal Banking Services

When it comes to personal banking, we offer Checking & Savings Accounts designed with your lifestyle in mind. Imagine having a checking account that not only helps you manage your everyday spending but also offers savings options to grow your funds. You can also explore our Auto Loans & Vehicle Financing, making it easier for you to drive home in the car of your dreams without breaking the bank. For those looking to buy a home or refinance an existing mortgage, our Mortgage Loans & Refinancing services provide competitive rates and flexible terms. We understand that life can sometimes throw unexpected expenses your way, which is why our Personal Loans & Debt Consolidation options are here to help you get back on track.

Digital & Online Banking

Easy Transactions

Need to send money to a friend? Our person-to-person transfer feature allows you to quickly send funds directly from your account. And if you're a fan of mobile payments, you can use our mobile payments feature for quick and secure transactions at stores or online. At Mayo Employees, we prioritize your financial security while providing user-friendly tools for real-time account management. Whether you're checking balances, paying bills, or making transfers, our digital banking services put you in control whenever and wherever you need it. Join us today and experience the ease of banking in the digital age!

Key Features

Our online banking services include everything from checking your account balances to transferring funds with just a few taps on your phone or computer. You can also sign documents securely with our electronic signature authorization feature, making it simple to complete transactions without the hassle of paperwork. For those who prefer paperless options, we provide e-statements that are not only environmentally friendly but also easy to access and store. Plus, our mobile application lets you manage your accounts on the go, ensuring you're always in touch with your finances.

Financial Strength

A Growing Member Base

The trust placed in us by our community is reflected in our total share accounts of 148,548. This growing member base is a testament to the confidence people have in our ability to manage their finances effectively. In summary, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Mayo Employees is your trusted partner. Visit us at 1216 2Nd St Sw Rochester Mn 55902 or call (507) 255-7004 to learn more about how we can help you achieve your financial goals.

Commitment to Growth

With $173,323,690 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors, with $5,259 in used auto loans and $690,729,835 in total loans and leases. Our operational efficiency shines through with a net income of $8,641,530, which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 113 full-time employees and 12 part-time employees ready to assist you at all times.

Our Financial Health

With a net worth of $184,661,216, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This solid foundation is further emphasized by our net worth ratio of $1,337, which ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Secure Savings Opportunities

Your savings are safe with us. Members' savings are secured through $241,433,100 in share certificates and $230,928,800 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $68,829,187 in used vehicle loans and $67,151,318 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates that make it easier for you to drive away with confidence.

Business Financing

For business owners, our outstanding commercial loans totaling $2,022,159 provide the capital needed to grow and expand your operations. We understand the unique challenges businesses face and are here to support you with tailored solutions.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $78,077,143, make buying or refinancing simple. Whether you're purchasing your first home or looking to refinance an existing mortgage, our friendly staff will guide you through every step of the process.

Refinancing Options

If you're considering refinancing any of your current loans or credit lines, we have options available that could potentially lower your payments or free up cash flow for other needs. Be sure to ask us about eligibility when you reach out! For more information about our loan products or to discuss which option might be right for you, feel free to contact us at 507-255-7004 or visit us at our branch located at 1216 2Nd St Sw Rochester Mn 55902. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Your financial future is important to us; let's work together to build it!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $15,392,719 in loans helping members manage their finances effectively. These cards can be a great tool for budgeting and building credit without the need for collateral.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency in the information provided. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: Users can access up-to-date loan rates from multiple institutions, enabling them to make well-informed choices. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This testimonial highlights the effectiveness and reliability of the platform. Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

Ensuring Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This commitment ensures that users receive fair and transparent offers when comparing loans.

MAYO EMPLOYEES FEDERAL CREDIT UNION - Rochester, MN