Members Cooperative Credit Union

About Members Cooperative Credit Union

Members Cooperative Credit Union Location

101 14th Street
Cloquet, MN 55720

Phone: (218) 878-3606
Website: www.membersccu.org
Routing/Transit Number: Not Available

Members Cooperative Credit Union Information

Members Cooperative Credit Union of Cloquet, MN is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 33834 members and assets of $255,910,889, as compared to the national average of $93 million dollars of assets per credit union. Members Cooperative Credit Union, first opened in 1936 and has been in operation since then. Additionally, Members Cooperative Credit Union has 126 full time employees and 8 part time employees, or 252.492537313 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Members Cooperative Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Members Cooperative Credit Union is a not-for-profit, cooperative, tax-exempt organization.