About Us
Mayo Employees Federal Credit Union was formed in 1933 by a group of Mayo Clinic business office employees. Their purpose was twofold: (1) to pool their money and loan it to other employees and, (2) to provide member service and education. We take pride in continuing that commitment today. Since its formation, Mayo Employees Federal Credit Union has grown to over 73,746 member-owners, with assets in excess of $1.41 billion.
Mayo Employees Federal Credit Union is dedicated to helping members achieve their financial goals. Since we are a member-owned, not-for-profit financial cooperative, earnings are distributed back to members in the form of higher dividends on savings, lower loan rates, expanding products and services and more.
Did You Know?
Credit union members share a common bond, and membership at MEFCU is available to more than just Mayo employees. In fact, many people can reap the benefits of what we have to offer.
Membership at MEFCU is available to:
- Employees of Mayo Clinic (and affiliated entities)
- Relatives of current MEFCU account holders
- Retirees of Mayo Clinic (and affiliated entities)
- Volunteers of all Mayo-affiliated entities
- Students of Mayo Clinic
Blood or adoptive relatives of all of the above are eligible for membership, regardless of their age, where they work, or live. That includes spouses, children, parents, siblings, grandparents, grandchildren, stepfamily members, household relationships, or family members in their care.
Do you know someone who could benefit from a membership with us? Encourage them to apply online or have them give us a call at (800) 535-2129 to become a member today!
Awards & Recognition
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Best of Bauer Designation: 5-Star Rating Continues
2024-01-03 | RecognitionBauerFinancial, Inc. designates Mayo Employees Federal Credit Union (MEFCU) with an excellent 5-Star rating!
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Thank You for naming MEFCU "Best Credit Union" four years running!
2023-09-19 | RecognitionPost Bulletin names MEFCU "Best Credit Union" four years in a row!
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MEFCU Named Best Credit Union in Rochester for 3rd Year in a Row!
2022-11-30 | RecognitionPost Bulletin names MEFCU “Best Credit Union” three years in a row!
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Best of Bauer Designation: 30 Years & Counting
2022-03-29 | RecognitionBauerFinancial, Inc. designates Mayo Employees Federal Credit Union (MEFCU) with an excellent 5-Star rating!
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MEFCU Named Rochester’s Best Credit Union & Best Wealth Management Company
2021-09-27 | RecognitionPost Bulletin names MEFCU “Best Credit Union” two years in a row!
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Best of Bauer Designation: 29 Years & Counting!
2021-06-28 | RecognitionBauerFinancial, Inc. designates Mayo Employees Federal Credit Union (MEFCU) with an excellent 5-Star rating!
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Mayo Employees Federal Credit Union (MEFCU) Ranked Fifth in the Nation for Financial Health
2020-12-08 | RecognitionDepositAccounts.com is recognizing us as one of the Top Five Healthiest Credit Unions in America.
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MEFCU Named Rochester’s "Best Credit Union"
2020-12-02 | RecognitionPost Bulletin announces the winners of this year’s “Best of the Best Awards.”
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MEFCU Ranks #11 in the Nation for Performance
2020-09-09 | RecognitionMayo Employees Federal Credit Union (MEFCU) is receiving national recognition as the 11th Top Best-Performing Credit Union for 2019, according to the world’s foremost provider of credit ratings and analytics, S&P Global.
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Mayo Employees Federal Credit Union Earns Best of Bauer Designation
2020-01-14 | RecognitionBauerFinancial, Inc. gave Mayo Employees Federal Credit Union (MEFCU) this rating of excellence for successive 5-star ratings!