Can I join Minnco?

Yes, you can! While many credit unions’ original fields-of-membership were quite selective, many have expanded to include everyone in the communities they serve. That means that if you live in, work in, attend school in, or worship in a particular geographic area, you can join. Or, if you are a blood relative of a member, you can also join! 

Uhh…what’s a field of membership?

A field of membership (FOM) defines a group or groups of people who are eligible to join. For instance, some credit unions were started to serve the employees of a particular business (Target, General Mills, etc.). Other credit unions were formed to serve teachers, government employees, communities and even parishes. Minnco’s original FOM served the members of the local farmer’s coop, which is now a part of Federated Co-ops (whom we still happily serve!) 

So what is Minnco’s FOM?

Membership in Minnco Credit Union is composed of those who are members of Federated Co-ops, Inc., a Minnesota corporation, all persons who live, work, worship, volunteer in, attend school in, businesses and other legal entities located in Isanti, Chisago, Anoka, Benton, Sherburne, Mille Lacs, Washington, Ramsey, Hennepin, Wright, Pine and Kanabec counties. In addition to the regularly qualified member, the spouse of a member, the blood or adoptive relative of either of them and their spouses may also be members. 

Membership Benefits 

As a member-owner of Minnco Credit Union you can save thousands of dollars during your lifetime! Members pay fewer fees for services, borrow funds at lower interest rates and receive greater dividends on savings accounts.

Checking Services 
A Checking account gives you more of what you want without the extra costs and fees. Plus, your checking account comes with the added benefit of a check card for qualifying members. With five checking accounts to choose from, members have greater flexibility in selecting the checking program that is right for their individual needs. Click here to find out more!

Members have immediate access to all their financial accounts through a variety of time-saving, convenient avenues: 
  • Six office locations 
  • Extended day and weekend hours 
  • eTell (telephone account access) 
  • eBranch (Internet account access) 
  • 25,000 Surcharge-free ATM locations (through the Co-op Network)
  • Mobile Banking

Lending Services 
Because Minnco Credit Union is a not-for-profit financial institution and has no investors to satisfy, it can offer competitive lending rates on everything from cars and trucks to home mortgages, home equity loans, and recreational loans (RVs, campers, boats, motorcycles, and snowmobiles). 

Lifetime Membership 
A credit union membership is yours for a lifetime. There are no limits or restrictions to where you work or live once you are a member. And, with the added convenience of the Internet, smart phones, direct deposit, ATMs, check cards, and eTell, members can maintain immediate access to their accounts and financial needs wherever they are.

Important Information about Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying objects. In some instances we may use outside sources to confirm the information. The information you provide is protected by our privacy policy and federal law.

To open an account, click apply now or stop by any of our five convenient office.