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. 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 66,800 member-owners, with assets in excess of $1.29 billion. Credit union members share a common bond, and membership at MEFCU is available to more than just Mayo employees. In fact, many people can reap the benefits of what we have to offer. Membership at MEFCU is available to: • Current and retired Mayo employees • Volunteers of all Mayo-affiliated entities • Students of Mayo Clinic • Relatives of current MEFCU account holders Blood or adoptive relatives are eligible for membership, regardless of their age, where they work or live. That includes spouses, children, parents, siblings, grandparents, grandchildren, stepfamily members, household relationships or family members in their care.