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 67,400 member-owners, with assets in excess of $1.33 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:
- Current and retired Mayo employees
- Volunteers of all Mayo-affiliated entities
- Students of Mayo Clinic
- Relatives of current MEFCU account holders
Blood or adoptive relatives 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!
Mayo Employees Federal Credit Union (MEFCU) Ranked Fifth in the Nation for Financial Health2020-12-08 | Recognition
DepositAccounts.com is recognizing us as one of the Top Five Healthiest Credit Unions in America.
MEFCU Named Rochester's "Best Credit Union"2020-12-02 | Recognition
Post Bulletin announces the winners of this year’s “Best of the Best Awards.”
MEFCU Ranks #11 in the Nation for Performance2020-09-09 | Recognition
Mayo 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.
Mayo Employees Federal Credit Union Earns Best of Bauer Designation2020-01-14 | Recognition
BauerFinancial, Inc. gave Mayo Employees Federal Credit Union (MEFCU) this rating of excellence for successive 5-star ratings!
MEFCU Named Forbes 2019 Best-In-State Credit Union2019-10-29 | Recognition
Mayo Employees Federal Credit Union ranked #1 for Minnesota Credit Unions on Forbes list.