Members Cooperative Credit Union Sandstone MN

Introduction

Welcome to Members Cooperative! Located at 305 Lundorff Drive, Sandstone, MN 55072, our credit union has been a trusted partner in the community since 1936. With over 55,856 members, we pride ourselves on providing personalized financial services tailored to meet your needs. At Members Cooperative, we understand that every member's journey is unique. Whether you're looking for a new auto loan or want to grow your savings with competitive interest rates, our dedicated team is here to help. We manage a robust asset base of over $1.14 billion, ensuring that we have the resources to support our members' financial goals effectively. Our commitment extends beyond just banking. With total loans and leases amounting to 26,958, we are dedicated to empowering our community through responsible lending practices and comprehensive financial education. Our net worth stands at an impressive $111,765,879, reflecting our stability and dedication to serving our members. While you can visit us at our Sandstone branch, please send any official correspondence to 215 N 40TH AVE W, DULUTH, MN 55807 if needed. Feel free to reach out via phone at 320-245-5251 or explore our services online at membersccu.org. Led by CEO Stephen Ewers and Board President Doris Dahl, our team of over 200 employees is passionate about helping you navigate your financial journey with ease and confidence. Join us as we continue to foster growth and well-being within our community. We invite you to stop by, call us, or check out our website for more information on how we can assist you today!

Branch History & Mission

At Members Cooperative in Sandstone, MN, our story is one of community spirit and dedicated service. Founded in 1936, we have proudly served our members for over eight decades, growing alongside the vibrant community that surrounds us. Our branch, located at 305 Lundorff Drive, has become a trusted financial partner for many families and businesses in the area. With a rich history rooted in cooperative values, we strive to make a positive impact on the lives of our members and the Sandstone community. Over the years, Members Cooperative has achieved significant milestones, evolving from a small credit union into a robust institution with total assets exceeding $1.14 billion and a membership base of over 55,000 individuals. This growth reflects not only our commitment to providing quality financial services but also our dedication to meeting the diverse needs of our members. We are proud to offer various services including personal banking, auto loans, mortgages, and business banking all designed with our members' best interests at heart. Our mission is simple yet profound: to empower our members through accessible financial solutions while fostering a sense of belonging within the community. We believe that everyone deserves the opportunity to achieve their financial goals. As part of this mission, we are committed to supporting local initiatives and charitable organizations that enhance the quality of life in Sandstone and beyond. While members can visit us at 305 Lundorff Drive for their banking needs, official correspondence should be sent to our mailing address at 215 N 40TH AVE W, Duluth, MN 55807. Our friendly team is available Monday through Friday from 8:30 AM to 5:00 PM and Saturday from 8:30 AM to 12:00 PM for lobby services. For those who prefer drive-thru banking or need ATM access both of which we offer our hours extend even further. We take pride in being accessible and modernizing our services with digital advancements such as online banking and mobile payments. Our commitment to customer service includes making sure our facilities are ADA compliant so that all members can comfortably use our services. As we look ahead, we invite you to join Members Cooperative and experience what makes us different. Become part of a community-focused credit union where your financial well-being is our priority. Together, let's build a brighter future for you and your family! If you're ready to take the next step toward better banking options, visit us or check out our website at Members Cooperative for more information about membership eligibility and how you can get started today!

Branch Location & Accessibility

Accessibility Features

We understand that accessibility is essential. Our branch is ADA compliant, featuring ramps and spacious entrances to accommodate all members. Parking is available right outside the entrance, making it simple for you to visit us whether you're coming in for a quick transaction or a longer appointment.

Get In Touch!

Have questions or ready to get started? Don't hesitate to give us a call at 320-245-5251. Our friendly staff is always eager to assist you. We invite you to stop by and experience the difference at Members Cooperative your trusted partner in finance!

Operating Hours

At Members Cooperative, we strive to provide flexible hours to fit your busy schedule. Our lobby is open Monday through Friday from 8:30 AM to 5:00 PM and Saturday from 8:30 AM to 12:00 PM. If you prefer drive-thru banking, we're here for you even earlier! Our drive-up service opens at 7:30 AM on weekdays and also operates on Saturdays until noon.

Services Available

We offer a variety of services tailored to meet your financial needs. From personal checking and savings accounts to auto loans, mortgage options, and credit cards with rewards Members Cooperative has you covered. Plus, our ATM is available for cash withdrawals and balance checks whenever you need it.

Member Eligibility

At Members Cooperative, we believe that everyone deserves access to a supportive financial community, and becoming a member is your first step towards enjoying our range of services. To be eligible, you just need to meet a few simple criteria. Whether you live, work, worship, or attend school in the area, you're likely already qualified to join us! We welcome individuals from various backgrounds and communities, making it easy for you to connect with fellow members who share similar values. For more detailed information about the eligibility requirements, feel free to check out our website at https://www.membersccu.com/about/become-a-member/. Joining Members Cooperative means more than just opening an account; it's about being part of a caring network that prioritizes your financial well-being. Once you're ready to take the plunge, opening your account is straightforward! You can complete the process conveniently online by visiting http://www.membersccu.com/business-enrollment-form or simply give us a call at (320) 245-5251 if you have any questions. Our friendly team is here to help you every step of the way as you embark on this exciting journey with us at 305 Lundorff Drive Sandstone Mn 55072.

Business Banking & Commercial Services

Commercial Loans That Empower Growth

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 Simplify Transactions

In today's fast-paced market, having efficient payment solutions is crucial. Our merchant services allow you to accept payments easily, whether it's online or in-store. This means you can focus on what matters most growing your business while ensuring your customers have a smooth shopping experience. Located at 305 Lundorff Drive Sandstone Mn 55072 in Sandstone, MN, we're here to provide the financial support you need. Give us a call at (320) 245-5251 to learn more about how we can help your business thrive!

Comprehensive List Of Services

Accessing Your Funds

Need quick access? We have an ATM available at our location for hassle-free cash withdrawals and balance checks. Plus, with our drive-thru service, you can take care of deposits and withdrawals without leaving your car. At Members Cooperative, we're committed to offering comprehensive financial services that truly meet the needs of our members in Sandstone and beyond. If you're ready to explore how we can assist you further, please give us a call at 320-245-5251 or visit us online at Members Cooperative. Let us help you achieve your financial goals today!

Business Banking Services

For our business members, we know how crucial it is to have reliable banking solutions. Our business banking services, including merchant services and business loans, empower local entrepreneurs to thrive. We believe in supporting small businesses within our community.

Credit Cards with Rewards

Don't forget about our credit cards with rewards! Use them for everyday purchases while earning points that can lead to exciting rewards. It's like getting paid back for spending money you were already planning to spend!

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we provide robust online and mobile banking features that let you manage your accounts from anywhere at any time. Whether you want to check your balance on the go or make payments from the comfort of your home, we've got you covered.

Flexible Loan Options

In addition to vehicle and home financing, we also offer personal loans and debt consolidation solutions. Life can be unpredictable, and sometimes you need extra cash for unexpected expenses or to consolidate debt into manageable payments. Our personal loans are designed to help you navigate these situations effectively.

Home Financing Made Easy

For those considering homeownership or refinancing an existing mortgage, we provide mortgage loans and refinancing options that suit various budgets and lifestyles. Imagine stepping into your new home with confidence, knowing you have secured the best possible rate through us.

Personal Banking Solutions

We understand that managing personal finances can be challenging. That's why we offer checking and savings accounts designed with your needs in mind. Whether you're saving for a vacation, planning for retirement, or just managing day-to-day expenses, our accounts provide easy access to your funds and attractive interest rates. If you're looking to purchase a vehicle, our auto loans and vehicle financing options make it simple and straightforward. Picture this: you're ready to drive away in your dream car without the stress of complicated financing terms our team is here to help you every step of the way.

Digital & Online Banking

At Members Cooperative, we understand that managing your finances should be as easy and secure as possible. That's why we offer a range of digital and online banking services designed to give you 24/7 access to your accounts, right at your fingertips. With our user-friendly platform, you can enjoy the convenience of banking from home or on the go. One of the standout features is our comprehensive online banking service available at https://www.membersccu.com/. You can easily check your balances, view transactions, and pay bills without ever stepping foot in a branch. Plus, with electronic signature authorization, you can securely sign documents from anywhere, making it easier than ever to complete transactions. We also provide e-statements, which means you can say goodbye to paper clutter while still keeping track of your finances. These statements are not only eco-friendly but also easily accessible whenever you need them. If you're on the move, our mobile application offers additional features like mobile payments, allowing you to make purchases directly from your phone. Whether you're grabbing coffee or shopping for groceries, paying has never been simpler. Additionally, our person-to-person transfer feature makes it easy to send money to friends and family instantly no cash required! Security is our top priority. We ensure that all your information is protected while you manage your accounts online. Our digital banking tools are designed with your safety in mind so that you can bank confidently anytime. With Members Cooperative's online banking services, accessing your financial information and managing your money has never been more convenient or secure. Join us today and experience the ease of banking with just a few clicks!

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 are proud to share that our financial health is robust, ensuring that you can rely on us for your banking needs. 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 total loans and leases stand at an impressive $924,879,820, including $9,561 in used auto loans, which supports our members' financial goals 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. Total Share Accounts at Members Cooperative number 127,905, showcasing a strong and growing member base that trusts us with their finances. 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 305 Lundorff Drive Sandstone MN 55072 or call 320-245-5251 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. We provide flexible terms and competitive rates that make purchasing a vehicle easier than ever.

Credit Lines and Business Loans

If you're looking for additional borrowing options, our total credit lines amount to $210,787,856, providing you with the financial flexibility you may need. For business owners seeking growth opportunities, our outstanding commercial loans totaling $113,682,186 can provide the necessary capital to expand your ventures. At Members Cooperative, we strive to meet all your lending needs while ensuring that the process is straightforward and transparent. 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 or check out our website for more details about how we can help you secure the funding you need!

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $46,117,055, which make buying or refinancing simple. We also offer various refinancing options to suit your financial situation.

Unsecured Credit Card Loans

We also understand the need for accessible credit. That's why we offer flexible terms on unsecured credit card loans, with a total of $162,945 in loans helping members manage their finances effectively.

Loan Aggregator

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MEMBERS COOPERATIVE CREDIT UNION - Sandstone, MN

Type of Loan Offerings

Student Loans

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