Located in the heart of Mankato, Minnesota, Minnesota Valley Federal Credit Union (MVFCU) has been serving the local community for over 80 years. As a not-for-profit financial cooperative, MVFCU is owned and controlled by its members, who share a common bond of working, living, or worshiping in the Minnesota Valley area. This unique structure allows MVFCU to focus on providing personalized service and competitive financial products to its members, rather than maximizing profits for external investors.
History and Mission
Founded in 1939, MVFCU has a rich history of serving the financial needs of its members. Over the years, the credit union has grown and evolved to meet the changing needs of its community, while remaining true to its core mission of providing affordable and accessible financial services. Today, MVFCU is committed to helping its members achieve their financial goals, whether it’s saving for a new home, paying for college, or planning for retirement. With a strong focus on community involvement and financial education, MVFCU is dedicated to making a positive impact on the lives of its members and the broader community.
Products and Services
MVFCU offers a wide range of financial products and services, including checking and savings accounts, loans, credit cards, and investment services. Members can also take advantage of online banking, mobile banking, and bill pay services, making it easy to manage their finances from anywhere. Additionally, MVFCU provides financial education and counseling services, helping members to make informed decisions about their financial lives. With a focus on member convenience and satisfaction, MVFCU is constantly looking for ways to improve and expand its services to meet the evolving needs of its members.
| Product | Features |
|---|---|
| Checking Accounts | No monthly maintenance fees, free debit card, online banking and bill pay |
| Savings Accounts | Competitive interest rates, low minimum balance requirements, online banking and mobile banking |
| Loans | Competitive interest rates, flexible repayment terms, personalized service |
Key Points
- MVFCU is a not-for-profit financial cooperative owned and controlled by its members
- Competitive financial products and services, including checking and savings accounts, loans, and investment services
- Personalized service and financial education and counseling services
- Community-focused approach with a strong commitment to local involvement and financial education
- Online banking, mobile banking, and bill pay services for convenient account management
Community Involvement
MVFCU is deeply committed to giving back to the community it serves. Through its community outreach programs, MVFCU supports local organizations and initiatives, promoting financial education, economic development, and social responsibility. By partnering with local businesses, schools, and non-profits, MVFCU is able to make a positive impact on the lives of its members and the broader community. Whether it’s sponsoring local events, providing financial education workshops, or volunteering time and resources, MVFCU is dedicated to being a responsible and engaged corporate citizen.
Financial Education
MVFCU recognizes the importance of financial education in helping its members achieve their financial goals. Through its financial education programs, MVFCU provides members with the knowledge and skills they need to make informed decisions about their financial lives. From budgeting and saving to investing and retirement planning, MVFCU offers a range of educational resources and workshops to help members at every stage of their financial journey. By empowering its members with financial knowledge and confidence, MVFCU is helping to build a stronger, more financially stable community.
What is the difference between a credit union and a bank?
+A credit union is a not-for-profit financial cooperative owned and controlled by its members, while a bank is a for-profit institution owned by external investors. Credit unions are focused on providing affordable and accessible financial services to their members, rather than maximizing profits for external investors.
How do I become a member of MVFCU?
+To become a member of MVFCU, you must meet the eligibility requirements, which include working, living, or worshiping in the Minnesota Valley area. You can apply for membership online or in person at one of our branch locations.
What types of loans does MVFCU offer?
+MVFCU offers a range of loan products, including personal loans, auto loans, home loans, and credit cards. Our loans are designed to meet the needs of our members, with competitive interest rates and flexible repayment terms.
MVFCU is committed to helping its members achieve their financial goals, while also making a positive impact on the community it serves. With its strong focus on community involvement, financial education, and personalized service, MVFCU is a trusted and valued partner for individuals and families in the Minnesota Valley area. Whether you’re looking for a new banking relationship or seeking financial guidance and support, MVFCU is dedicated to helping you succeed.
