Members Cooperative Credit Union Duluth MN | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Members Cooperative, your trusted financial partner located at 605 W Central Entrance, Duluth, MN 55811. Since our establishment in 1936, we've proudly served our community with a commitment to providing exceptional banking services tailored to the needs of our members. With a total membership of 55,856 and assets exceeding $1.14 billion, we are dedicated to empowering individuals and families through financial education and support. At Members Cooperative, we understand that every member's journey is unique. That's why we offer a diverse range of services, including personal banking options like checking and savings accounts, auto loans, mortgage financing, and business banking solutions. Our experienced team, led by CEO Stephen Ewers and Board President Doris Dahl, is here to guide you every step of the way. While members can visit us at our branch location, official correspondence should be sent to our mailing address: 215 N 40TH AVE W, DULUTH, MN 55807. With a strong focus on community impact, we aim to create lasting relationships built on trust and reliability. Our financial strength is reflected in our impressive figures: total deposits of $45,865,172, net worth standing at $111,765,879, and cash readily available at $10,616,399. We have provided over 26,958 loans, ensuring that we're here for you when you need us most. Join us today! Feel free to call us at (218) 625-8500 or visit our website at www.membersccu.org. Experience the difference with Members Cooperative where your financial goals become our mission!

Branch History & Mission

Community Focus

Our branch isn't just about banking; it's about building relationships. We actively engage in community outreach efforts and partnerships aimed at enhancing the quality of life in Duluth. Whether it's sponsoring local events or providing educational resources on financial literacy, we are committed to making a positive impact. In addition to our physical presence with drive-thru banking and ATM availability for your convenience, we are dedicated to ensuring you have all the tools necessary for sound financial management. Join us at Members Cooperative today and experience firsthand how we can help you achieve your financial goals while contributing positively to our shared community. Together, let's build a brighter future! If you have any questions or need assistance, don't hesitate to reach out at 218-625-8500. We look forward to welcoming you into our cooperative family!

Our Mission

The mission of Members Cooperative is simple yet powerful: to provide exceptional financial services while fostering strong community ties. We believe that when our members thrive, so does our community. That's why we offer a range of products tailored to meet your unique needs from checking and savings accounts to vehicle financing and credit cards with rewards. We understand that the world is changing rapidly; that's why we embrace digital advancements like online and mobile banking to make your banking experience as convenient as possible. With ADA compliance at the forefront of our service design, we strive to ensure all members can access their accounts easily.

Branch Location & Accessibility

A Personal Touch

At Members Cooperative, we pride ourselves on delivering personalized service. Whether you're looking for checking accounts, auto loans, or mortgage options, our knowledgeable staff is here to assist you every step of the way. If you have questions or need assistance with any services like online banking or credit card applications, don't hesitate to reach out! While members can visit us at 605 W Central Entrance Duluth Mn 55811, official correspondence should be sent to our mailing address at 215 N 40TH AVE W, Duluth, MN 55807.

Convenient Access and Amenities

At Members Cooperative, we prioritize accessibility for all our members. Our branch features ADA-compliant entrances and ramps, ensuring everyone can visit us comfortably. We also offer ample parking space, so you won't have to worry about finding a spot when you arrive. For those who prefer to bank from their vehicles, our drive-thru service is available for quick and easy transactions. You can deposit checks or withdraw cash without ever leaving your car! Additionally, our ATM is accessible 24/7, providing you with cash whenever you need it.

Get in Touch!

If you're ready to experience convenient banking tailored just for you, we invite you to visit us at Members Cooperative or give us a call at (218) 625-8500. We look forward to serving you soon!

Operating Hours

We understand that life gets busy, which is why we offer flexible operating hours. Our office is open Monday through Thursday from 8:00 AM to 5:00 PM, and on Fridays until 6:00 PM. We even welcome you on Saturdays from 8:30 AM to 12:00 PM! With these hours, you can find a time that works best for your schedule.

Member Eligibility

At Members Cooperative, we believe that everyone deserves a place in our supportive community. Becoming a member is simple and welcoming! If you're living, working, or attending school in the area, or if you have a family member who is already part of our credit union, you're likely eligible to join us. We cherish our members and offer a range of benefits including personalized financial services, competitive loan rates, and access to convenient banking options. To check all the specific eligibility criteria, feel free to visit our website at https://www.membersccu.com/about/become-a-member/ . Opening an account with us is just as easy! You can start your journey towards membership by filling out an application online at http://www.membersccu.com/business-enrollment-form or by giving us a call at (218) 625-8500 for assistance. Join us today at our branch located at 605 W Central Entrance Duluth Mn 55811 and experience the difference of being part of Members Cooperative!

Business Banking & Commercial Services

Lending Solutions Tailored for You

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.

Merchant Services that Make Transactions Easy

In today's fast-paced world, having reliable merchant services can set your business apart. Imagine a busy Saturday at your store where customers are eager to make purchases. Our merchant services streamline transactions, allowing you to focus on what matters most serving your customers. From payment processing solutions to easy online banking options, we offer tools that simplify your financial management. Visit us at 605 W Central Entrance Duluth Mn 55811 in Duluth, MN or call us at (218) 625-8500 to learn how our business banking services can help you thrive!

Comprehensive List Of Services

Business Banking

For small business owners, our business banking services are designed to support your growth. We offer essential tools like merchant services that make accepting payments easier than ever. Additionally, if your business needs funding, our business loans can provide the financial backing necessary to achieve your goals.

Convenient Banking Features

We understand that life can be hectic. That's why we ensure that banking with us is as convenient as possible. Our drive-thru banking allows for quick deposits and withdrawals without leaving your car. Whether you're making a simple transaction or needing assistance with larger requests, we're here to help.

Get Started Today!

We invite you to visit us at Members Cooperative, where you'll find friendly faces ready to assist with all your financial needs. With a commitment to community values and member satisfaction, we're proud to serve Duluth and surrounding areas. To explore more about what we offer or start an account today, please visit our website at www.membersccu.org or call us at 218-625-8500. Let's work together towards a brighter financial future!

Loans and Financing

When it comes to financing options, we provide a variety of loans designed to suit different situations. If you're in the market for a new vehicle, our auto loans and vehicle financing services will help get you on the road without breaking the bank. For those looking to buy a home or refinance an existing mortgage, our mortgage loans are tailored to fit your financial goals. In addition to these options, we also offer personal loans and debt consolidation solutions. This means if you're facing multiple debts, we can help simplify your payments into one manageable loan. And don't forget about our credit cards with rewards, which allow you to earn points for every purchase you make.

Personal Banking

Starting with personal banking, we offer checking and savings accounts that make managing your money straightforward. Need quick access to your funds? Our ATM services allow for easy withdrawals and balance checks around the clock. Plus, with our online and mobile banking features, you can manage your accounts anytime, anywhere perfect for those busy days when you're on the go.

Digital & Online Banking

Key Features

We provide a range of features designed to enhance your banking experience. For those who prefer paperless options, we offer E-Statements, so you can keep track of your transactions without clutter. If you need to sign documents quickly, our Electronic Signature Authorization makes it simple to approve agreements without the hassle of printing or mailing. Managing payments has never been easier with our Mobile Payments feature. Whether you're out shopping or dining with friends, you can pay directly from your phone. Plus, if you want to send money to someone instantly, our Person-to-Person Transfers let you do just that no checks or cash needed!

Stay Connected on the Go

For even more convenience, download our Mobile Application. It provides a user-friendly interface where you can manage all aspects of your account right from your smartphone. With real-time notifications and updates, you'll always know what's happening with your finances. At Members Cooperative, we prioritize security in all our digital services. You can bank with peace of mind knowing that your personal information is protected through advanced security measures. In summary, whether you're looking to check balances, transfer money, or view statements, our digital banking options are designed for ease-of-use and accessibility. Join us at Members Cooperative today and experience a new level of convenience in managing your finances!

Financial Strength

Commitment to Growth

Our $86,982,058 in undivided earnings allows us to reinvest in innovative banking tools and stronger lending options to serve our members better. With $9,561 in used auto loans and $924,879,820 in total loans and leases, our lending capacity supports members' financial goals across various sectors.

Growing Membership Base

Total Share Accounts stand at 127,905, showcasing a strong and growing member base that trusts us with their finances. Our net shares (funds available for lending and investments) amount to $0, reflecting our focus on maximizing member benefits rather than accumulating excess reserves. 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 605 W Central Entrance Duluth Mn 55811 or call 218-625-8500 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

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.

Operational Efficiency

Our net income of $3,310,884 reflects our operational efficiency, 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.

Strong Financial Health

With a net worth of $111,765,879, we maintain robust financial health. This allows 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.

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. We also provide flexible refinancing options if you're interested in lowering your monthly payments or securing better terms.

Commercial Loans

For business owners, our outstanding commercial loans totaling $113,682,186 provide the capital needed to grow and expand. We understand the challenges businesses face and are here to support your entrepreneurial journey. At Members Cooperative, we prioritize your financial well-being and aim to provide products that help you thrive. For more information on eligibility and how to apply for any of these loans, please visit us at Members Cooperative or give us a call at 218-625-8500. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Credit Lines and Personal Loans

For those seeking additional financial flexibility, we offer competitive lines of credit totaling $210,787,856. These credit lines can help manage unexpected expenses or consolidate debt effectively. Additionally, our unsecured credit card loans amounting to $162,945 provide members with purchasing power while allowing them to manage their finances easily.

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 are committed to guiding you through each step of the mortgage process so that you can secure the best terms possible.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. You can trust that the information you see reflects actual rates being offered. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. This means you get an honest view of available loans without any hidden agendas. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions allow you to make informed decisions quickly. You won't waste time chasing outdated information or misleading offers. 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!" Such testimonials highlight how effective this tool is in helping users secure better financial terms. Take control of your borrowing journey today. Compare real-time loan offers 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 rigorous sourcing ensures that all loan offers are fair and transparent. By focusing on trusted institutions, LendMesh guarantees that you receive reliable information tailored to your needs.

MEMBERS COOPERATIVE CREDIT UNION