News & Press: Credit Union News

MEFCU Named Forbes 2019 Best-In-State Credit Union

Friday, October 4, 2019  
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Mayo Employees Federal Credit Union ranked number 1 for Minnesota Credit Unions on Forbes list

May Employees Federal Credit Union – Rochester, Minn. (Oct. 2, 2019) – Mayo Employees Federal Credit Union (MEFCU) is honored to be named by the Forbes magazine as the top credit union in the state of Minnesota, receiving the #1 ranking on the Forbes 2019 Best-In-State Credit Union list.

 

“We are truly delighted to be recognized by Forbes as the top credit union in the state of Minnesota in 2019,”stated MEFCU CEO, Mary Hansen. “This recognition is particularly valued by us as it is based on our member-owners direct survey responses. An award like this could not be possible without our staff’s sincere care and concern for our members. We are honored to be recognized by the people we serve.”

 

While most industry rankings are based on financial performance, Forbes took a different approach by surveying more than 25,000 individuals for their opinions on their current and former financial relationships. Feedback from them included recommendations, satisfaction, and five subcategories: trust, terms and conditions, branch services, digital services, and financial advice. Out of over 5300 credit unions in the nation, only 182 were included in the publication.

 

For 86 years Mayo Employees Federal Credit Union (MEFCU) has been serving Mayo employees and their families in Rochester, Minnesota and outlying areas. MEFCU has 63,000 members and nine branch locations across four states. For more information, visit mayocreditunion.org.


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