Mayo Employees Federal Credit Union

Mayo Employees Federal Credit Union (MEFCU) is a member-owned, not-for-profit financial cooperative founded in 1933, headquartered in Rochester, Minnesota. Serving primarily the Mayo Clinic community and its affiliates, MEFCU offers comprehensive financial services designed to help members achieve their personal and business financial goals.

With assets exceeding $1.42 billion and more than 74,875 member-owners, Mayo Employees Federal Credit Union provides tailored banking solutions including savings, loans, digital banking, and investment services. MEFCU’s commitment to returning earnings to its members through higher dividends and lower loan rates sets it apart in the financial services industry.

When Was Mayo Employees Federal Credit Union Established?

Founded: 1933
Headquarters: Rochester, Minnesota
Industry: Financial Services
Number of Employees: Approximately 130 full-time and part-time employees
Number of Members: Over 74,875 member-owners
Assets: In excess of $1.42 billion

Mayo Employees Federal Credit Union Mission Statement

"Dedicated to helping members achieve their financial goals by distributing earnings back to members in the form of higher dividends on savings, lower loan rates, expanding products and services, and more."

What Products and Services Does Mayo Employees Federal Credit Union Offer?

Mayo Employees Federal Credit Union provides a diverse portfolio of financial products and services tailored to meet various member needs, from daily banking to specialized loan options.

Comprehensive Banking Solutions

MEFCU offers savings accounts, checking accounts, money market accounts, certificates, and IRAs, facilitating both personal and business financial management through secure and convenient platforms including digital banking and mobile apps.

Loan and Credit Services

Members can access a variety of loan products like mortgages, vehicle loans, personal loans, home equity loans, education loans, solar loans, and business loans, with competitive rates that reflect MEFCU’s not-for-profit model focused on member benefit.

Investment and Business Services

Additional services include visa credit cards, business accounts, and investment services, supporting the financial growth and security of members while fostering a personalized service experience.

Where Are Mayo Employees Federal Credit Union Branches Located?

While headquartered in Rochester, Minnesota, MEFCU operates multiple branches to serve its members across different regions including Arizona and Wisconsin.

Key branch locations:

• Main Office, 130 23rd Avenue SW, Rochester, MN 55902
• 41st Street Office, 3990 41st St NW, Rochester, MN 55901
• Arizona Branch Office, 5777 E Mayo Blvd, Phoenix, AZ 85054
• La Crosse Office, 605 West Ave S, La Crosse, WI 54601

Contact Information

Phone: (507) 535-1460 or (800) 535-2129
Fax: (507) 293-8118
Email: [email protected]
Mailing Address: 130 23rd Avenue SW, Rochester, MN 55902

What Awards and Recognition Has Mayo Employees Federal Credit Union Received?

Mayo Employees Federal Credit Union has earned notable accolades reflecting its financial strength, member satisfaction, and community presence.

• Best Credit Union in Rochester – Rochester Post Bulletin (2025)
• 5-Star Rating – BauerFinancial, Inc. (2025)
• Ranked Fifth in the Nation for Financial Health – DepositAccounts.com (2020)

How Does Mayo Employees Federal Credit Union Differentiate Itself?

MEFCU distinguishes itself through its dedicated focus on serving the Mayo Clinic community members and affiliated entities. As a not-for-profit cooperative, it prioritizes returning value to members by offering better dividends and lower loan rates compared to traditional financial institutions.

The credit union’s deep understanding of member needs allows tailored financial products, comprehensive digital banking services, and exceptional member-oriented customer service, fostering strong loyalty and satisfaction.

Is Mayo Employees Federal Credit Union Currently Hiring?

You can check out the open positions that Mayo Employees Federal Credit Union has right here on OysterLink.