Members Cooperative Credit Union
Quick Summary
- HSA savings account
The Verdict
Members Cooperative Credit Union provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
From eight to forty-eight thousand. A few good people can empower generations.
In the spring of 1936, a group of eight people from the Cloquet area - seven men and one woman- envisioned a better way of getting the financial services they and their community needed. They became the charter members of Cloquet Co-op Credit Union. Each person deposited $5 and formed the organization with just $40 in capital.
In the decades that followed, MCCU grew, adding branches and expanding into Duluth, McGregor and Aitkin. In 2015, we merged with Lake State Credit Union, integrating our Moose Lake, Sandstone, North Branch and Isanti locations.
Today, our family has grown across the state, to tens of thousands of members. Their confidence and continued support have made MCCU the largest credit union based north of the Twin Cities. We’re proud of our growth, but we’re more proud to continue the community-focused legacy our founders envisioned, and to empower new generations of members and their families.
Key Features
Banking & Access
Basic account access provided.
Investment Options
This provider focuses on cash savings without investment options.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
No minimum balance to open. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Members Cooperative Credit Union currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0 - $9,999 | 0.20% |
| $10,000+ | 0.25% |
Last updated: 09-30-2024
Contact Information
Address
215 N. 40th Ave. W. Duluth, MN 55807 Customer Service Mailing Address Members Cooperative Credit Union P.O. Box 161527 Duluth, MN 55816
Customer Service
800-296-8871
215 N. 40th Ave. W. Duluth, MN 55807 Customer Service Mailing Address Members Cooperative Credit Union P.O. Box 161527 Duluth, MN 55816
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •No investment options available
- •No online banking
- •No debit card included
User Sentiment
Based on community feedback
Sentiment data coming soon
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