Missouri Credit Union

Missouri Credit Union is a not-for-profit financial cooperative located in central Missouri, serving the communities of Columbia and Jefferson City. It is dedicated to providing financial services to its members while fostering community engagement through various philanthropic initiatives.

History and Structure

Missouri Credit Union has been serving its community for over 50 years. As a state-chartered credit union, it operates on a non-profit basis, meaning it focuses on satisfying its members rather than shareholders. The organization is overseen by a board of directors, which includes several positions such as Chair, Vice Chair, Secretary, and Treasurer, none of whom receive compensation for their roles[4].

Mission and Values

The mission of Missouri Credit Union is centered on supporting its member base, which exceeds 35,000 individuals. It strives to provide comprehensive financial services while emphasizing sound financial management and consumer education. The credit union fosters a cooperative ethos, encouraging members to participate in the democratic process and ensuring prudent financial management that builds member confidence[1].

Member Benefits

Missouri Credit Union offers a range of benefits to its members, including low loan rates, fewer fees compared to traditional banks, and access to financial technology for streamlined banking. Members can enjoy interest-bearing accounts, Auto Rewards, Skip-A-Payment options, and Overdraft Protection. Additionally, members have access to over 30,000 free ATMs and more than 5,000 shared branches across the U.S.[2]. The credit union also provides scholarship opportunities for high school seniors[2].

Community Involvement

Missouri Credit Union is actively involved in community outreach and philanthropy. It supports non-profit organizations through employee-driven fundraising efforts, focusing on organizations such as the Children's Miracle Network and the United Way. Additionally, it participates in the Partners in Education program to enhance educational experiences for local students. The credit union also partners with the Mizzou Tigers to help Sack Hunger and supports local toy drives, contributing significantly to community welfare[3].

Financial Services

The credit union offers a variety of financial products, including auto, home, personal loans, and home equity lines of credit (HELOC). These services are designed to help members manage financial challenges and opportunities with competitive rates and personalized service[5].

Missouri Credit Union is known for its member-centric approach and community commitment, setting it apart from traditional banking institutions as a trusted and supportive financial partner.

[1] https://missouricu.org/about-mcu [2] https://missouricu.org/member-benefits [3] https://missouricu.org/community [4] https://projects.propublica.org/nonprofits/organizations/237024415 [5] https://missouricu.org