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 60,400 member-owners, with assets in excess of $978 million.
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.
Who Can Join
Credit Union members share a common bond. If you find you are eligible for membership, please apply today!
Membership in MEFCU is a benefit available to:
- Current and retired Mayo employees
- Volunteers of all Mayo affiliated entities
- Students of Mayo Clinic
Membership is also available regardless of where they live or work to blood or adoptive relatives of Mayo employees, volunteers or students listed above including their: spouse, children, parents, siblings, grandparents, and grandchildren. Employee's stepfamily members, household relationships, or family members in their care are also eligible.