Members Cooperative Credit Union Cloquet MN | Affordable Auto Loans & Quick Personal Loans

Introduction

Welcome to Members Cooperative, your trusted financial partner since 1936. Located conveniently at 1299 Highway 33 S, Cloquet, MN 55720, we are proud to serve our community with a commitment to exceptional service and financial well-being. With over 55,000 members and assets exceeding $1.14 billion, we strive to be more than just a credit union; we aim to be a cornerstone of support for our members' financial journeys. At Members Cooperative, we understand that each member has unique needs. Whether you're looking for personal banking services like checking accounts and auto loans or business solutions such as merchant services and business loans, we've got you covered. As of now, our total deposits stand at an impressive $45,865,172, showcasing the trust and confidence our members place in us. While you can visit us at our branch for all your banking needs, please note that official correspondence should be directed to our mailing address: 215 N 40TH AVE W, Duluth, MN 55807. Under the leadership of CEO Stephen Ewers and Board President Doris Dahl, our dedicated team of 201 employees is here to assist you every step of the way. We pride ourselves on being accessible offering online and mobile banking options alongside traditional services like drive-thru banking. With a net worth of $111,765,879 and cash in hand amounting to $10,616,399, Members Cooperative is financially sound and ready to help you achieve your goals. So whether you're interested in taking out one of our 26,958 loans or just want to learn more about what we offer, feel free to reach out at 218-625-8500 or visit our website at www.membersccu.org. Join us today and discover how Members Cooperative can help you thrive!

Branch History & Mission

Community Commitment

Our commitment extends beyond our walls. We actively participate in local outreach initiatives that foster growth and support within Cloquet. By partnering with local organizations and hosting events, we aim to uplift those around us while reinforcing the values of cooperation and mutual aid. As we move forward into the future, Members Cooperative is excited about embracing new technologies while maintaining the personal touch that has defined us for generations. Join us today! Experience firsthand the benefits of being a member at Members Cooperative. Visit our website or call us at 218-625-8500 for more information about how you can become part of this incredible journey!

Our Journey

Since opening our doors, Members Cooperative has always put its members first. The vision was clear: create a place where everyone could access affordable financial services and support one another. Over the years, we have achieved numerous milestones that reflect our dedication to this mission. From expanding our range of services like personal loans, mortgages, and business banking to enhancing member convenience with online and mobile banking options, we continue to evolve while staying true to our roots. Located in Cloquet, we are proud to be part of this vibrant community. Our branch is easily accessible and well-positioned near local landmarks that make it convenient for members to visit us. While members can come by the branch at 1299 Highway 33 S, official correspondence should be directed to our mailing address at 215 N 40TH AVE W, DULUTH, MN 55807.

Our Mission

At Members Cooperative, our mission goes beyond just banking; it's about building stronger communities. We believe in empowering individuals through financial education and resources that help them thrive. Whether it's providing low-interest auto loans or guiding first-time homebuyers through the mortgage process, our focus remains on making a positive impact in the lives of our members. We recognize the importance of accessibility; that's why we offer both ATM services and drive-thru banking options for your convenience. With dedicated office hours from Monday to Friday (8:30 AM - 5:30 PM) and Saturday (8:30 AM - 12:00 PM), you can count on us when you need assistance.

Branch Location & Accessibility

Accessible Banking for Everyone

At Members Cooperative, we prioritize accessibility. Our branch features ADA-compliant facilities, including ramps and designated parking spaces to ensure everyone can visit us comfortably. If you're in a rush or prefer not to enter the building, our drive-thru service allows you to handle deposits and withdrawals quickly and efficiently.

Convenient Operating Hours

We understand that life can get busy. That's why our office hours are designed with your schedule in mind! You can stop by Monday through Friday from 8:30 AM to 5:30 PM, and on Saturdays from 8:30 AM to 12:00 PM. For those needing access outside of these hours, our drive-up service is available from Monday to Friday starting as early as 7:30 AM until 6:00 PM, and on Saturday mornings too!

Get in Touch!

Ready to experience the convenience of Members Cooperative? We invite you to come visit us or give us a call at 218-625-8500 if you have any questions. We look forward to serving you!

Services Just for You

Whether you're looking for personal banking solutions like checking and savings accounts or need assistance with auto loans and mortgage refinancing, we've got you covered! Our friendly staff is here to assist you with any questions or transactions during your visit. Plus, we offer ATM services for quick cash withdrawals and balance checks whenever you need them.

Member Eligibility

Becoming a member of Members Cooperative is like joining a close-knit family that cares about your financial well-being. If you live, work, worship, or attend school in the area around 1299 Highway 33 S Cloquet Mn 55720, you're likely eligible to join us! We believe in making banking accessible for everyone, so whether you're new to managing finances or looking to expand your options, we welcome you with open arms. Membership at Members Cooperative comes with numerous benefits, including personalized service and a range of financial products tailored to meet your needs. To get started on your journey with us, check out the detailed eligibility criteria at https://www.membersccu.com/about/become-a-member/. Once you confirm your eligibility, opening an account is straightforward just visit our account opening page here: http://www.membersccu.com/business-enrollment-form. If you have any questions or need assistance, feel free to give us a call at (218) 625-8500. We're excited to help you take this important step toward better banking!

Business Banking & Commercial Services

Merchant Services That Matter

Imagine having the ability to accept payments seamlessly while managing your cash flow effortlessly. Our merchant services empower you to take payments quickly and securely, making transactions smooth for both you and your customers. From credit card processing to online payment options, we provide tools that simplify your daily operations. Located at 1299 Highway 33 S Cloquet Mn 55720 in Cloquet, MN, we're here to partner with you on your journey toward success. Contact us at (218) 625-8500 or visit our website for more information!

Tailored Loan Solutions

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $398 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $29 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $113,682,186, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Convenient Access Anytime

Our commitment to convenience extends beyond traditional banking hours. With ATM & Cash Withdrawal Services, you can access your funds whenever necessary. Our basic drive-thru banking makes quick transactions easy perfect for busy individuals on the go. Whether you're depositing a check during lunch or withdrawing cash after hours, Members Cooperative is equipped to serve you efficiently.

Empowering Businesses

If you're a business owner in need of support, Members Cooperative offers Business Banking services that include merchant services and business loans. We know how important it is for local businesses to thrive, and we're here to provide the tools you need for success.

Financing Your Dreams

Thinking about buying a new car? Our Auto Loans & Vehicle Financing options are designed to help you hit the road without breaking the bank. Whether it's a brand-new model or a reliable used vehicle, we have financing solutions that fit your budget. Additionally, if you're considering homeownership or refinancing, our Mortgage Loans & Refinancing services offer competitive rates and personalized assistance to make your dreams a reality.

Get Started Today!

Ready to experience the difference? We invite you to reach out at 218-625-8500 for more information or visit us at our branch in Cloquet. Explore our website at Members Cooperative to learn more about membership eligibility and open an account online. Join us today and discover how we can support your financial journey!

Personal Banking Made Easy

We understand that managing your finances can be overwhelming, which is why we offer Personal Banking services that include checking and savings accounts. With our user-friendly online and mobile banking options, accessing your account information has never been simpler. Imagine checking your balance while waiting in line at the grocery store or transferring funds with just a few taps on your phone.

Support When You Need It

For those unexpected expenses, our Personal Loans & Debt Consolidation services can help ease financial strain. We work with you to create manageable repayment plans that suit your situation. Plus, our credit cards come with rewards, making everyday purchases more rewarding.

Digital & Online Banking

Key Features

We offer e-statements that let you view your account statements electronically, saving paper and allowing for quick access to important information. If you prefer handling paperwork digitally, our electronic signature authorization feature enables you to sign documents securely without needing to print anything out. For those who want to send money quickly, our person-to-person transfer service is a fast and easy way to send funds to friends or family. And if you're someone who enjoys the convenience of mobile payments, you'll be pleased to know that we support this feature as well, letting you make purchases directly from your mobile device. Our user-friendly platform prioritizes security, ensuring that all transactions are protected so you can bank with confidence. With these digital options at Members Cooperative, managing your money has never been more straightforward or secure. We invite you to explore these features today and experience the ease of banking on your terms!

Financial Strength

At Members Cooperative, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that your trust in us is built on our ability to maintain a strong financial foundation, which is why we are proud to share some key highlights of our financial strength. With a net worth of $111,765,879, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 979 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $279,707,456 in share certificates and $167,386,124 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $17,200,522, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $86,982,058 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 with $9,561 in used auto loans and an impressive $924,879,820 in total loans and leases across various sectors. Our operational efficiency is reflected in our net income of $3,310,884, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 196 full-time employees and 5 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. The number of trust placed in us is evident as we manage a total of 127,905 share accounts a testament to the strong and growing member base that trusts us with their finances. Our net shares available for lending and investments stand at zero; however, this indicates prudent management aligned with our focus on member benefits. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Members Cooperative is your trusted partner. Visit us at 1299 Highway 33 S Cloquet Mn 55720 or call 218-625-8500 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $148,239,608 in used vehicle loans and $39,370,663 in new vehicle loans already helping members get on the road. Whether you're looking for a brand-new ride or a reliable used vehicle, we have financing options that fit your budget.

Business Loans

For business owners, our outstanding commercial loans totaling $113,682,186 provide the capital needed to grow and expand. Whether you're starting a new venture or looking to improve an existing one, we can help you find the right financing solution for your business goals.

Conclusion

At Members Cooperative, we are committed to offering products that help you succeed financially. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us today to learn more about how we can support you in achieving your financial aspirations!

Credit Card Options

We also offer flexible terms on unsecured credit card loans, with a total of $162,945 in loans helping members manage their finances effectively. Our credit cards come with rewards that can enhance your purchasing power while ensuring you stay within your financial limits.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $46,117,055, make buying or refinancing simple. We offer competitive rates and flexible terms designed to meet your specific needs. If you're considering refinancing your current mortgage or are unsure about eligibility, our team is here to assist you every step of the way.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: All loan offers are sourced from legitimate financial institutions, ensuring transparency in the comparison process. - No Sponsored Listings: Unlike other platforms, LendMesh does not prioritize lenders based on paid promotions. The focus is solely on providing unbiased results to users. - Real-Time Rate Comparisons: Users benefit from up-to-date loan rates from multiple institutions, allowing them to make informed decisions quickly. Thousands of users trust LendMesh for their loan comparisons. One member shared their experience: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" 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.

How LendMesh Ensures Accurate Loan 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 ensures that users receive fair and transparent offers. By relying on verified financial institutions, LendMesh guarantees that all loan comparisons are accurate and trustworthy.

MEMBERS COOPERATIVE CREDIT UNION - Cloquet, MN

Type of Loan Offerings

Student Loans

Compare Loan Rates Near You

Loan rates in Cloquet, MN (55720)