As a credit union member, you are not just a “customer” but part-owner of a financial cooperative in which all the members pool their resources to help one another. Credit unions are dedicated to the principle of “people helping people,” and have a not-for-profit federal and state income tax status similar to other cooperatives that work primarily to better the lives of those involved and better the communities in which they live. Your credit union is directed by a volunteer board, elected by the membership, which is entrusted to keep the members’ best interests in mind, every day, all year long.
The Minnesota Valley Federal Credit Union was established in 1934 as a member-owned, not for profit financial cooperative.
The global Cooperative Community has more than 1 billion members, representing 12% of the world’s employed population. All Cooperatives verify their identity when selecting a .coop web address.
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