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 53,000 member-owners, with assets in excess of $732 million.
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.
A credit union is a financial cooperative owned and directed by its members. While other financial institutions are profit-oriented, credit unions are not-for-profit, organized solely for the needs of their members. Where does that put our focus? On you -- the member -- not on a profit margin.
We offer a variety of services, designed to help you make the right decisions for your financial future. Our focus is to ensure your financial life is easily managed, so you can focus on your professional and personal life.
As a member of Mayo Employees Federal Credit Union, you become part owner of a financial institution that offers a complete range of products and services without hidden fees or high costs.
Who can be a member?
Credit Union members share a common bond. Membership in MEFCU is a benefit available to:
Mayo Graduate School
Mayo School of Graduate Medical Education
Mayo Medical School
Mayo School of Health Sciences
Mayo School of Continuous Professional Development
Mayo Clinic Cancer Center
Kasson Mayo Family Practice Clinic
Kenyon Mayo Family Practice Clinic
Mayo Family Clinic Northwest
Mayo Express Care
Mayo Family Clinic Northeast
Mayo Medical Transport (Mayo MedAir and Mayo One)
Mayo Outreach Services
Mayo Hospice Program
Mayo Foundation for Medical Education and Research (MFMER)
The Mayo Store
Mayo Clinic Health Solutions
Mayo Clinic Global Products and Services
Mayo Holding Company (MHC)
Mayo Collaborative Services, Inc.
Mayo Medical Laboratories (MML)
Mayo Reference Services
Mayo Medical Imaging
Mayo Pulmonary Services
Mayo Clinical Trial Services
Mayo Central Laboratory for Clinical Trials
Administrative Outreach Support Service
MML Network Support
Franklin Heating Station
Mayo Clinic—Methodist Hospital (MCMH)
Mayo Dialysis Center
Rochester Methodist Hospital Auxiliary
Mayo Clinic—Saint Marys Hospital (MCSMH)
Mayo Psychiatric & Psychology Treatment Center (MPPTC)
Eugenio Litta Children’s Hospital
Saint Marys Hospital Auxiliary
Rochester Airport Company
Gold Cross Ambulance Service
Rochester, Fairmont, Austin, Minneapolis, Mankato, Owatonna, St. Cloud, Litchfield and Little Falls
GCAS (Duluth and Superior)
Mayo Medical Alumni Association
Mayo School of Health Related Sciences Alumni Association
Mayo Employees Federal Credit Union
Albert Lea Medical Center – Mayo Health System
Acute Care Rehabilitation Unit – Albert Lea Medical Center
Albert Lea Eye Clinic
Albert Lea Medical Center Ambulance
Albert Lea Medical Center Medical Equipment
ALMC Express Care Clinic
Behavioral Health Services – Albert Lea Medical Center
Community Health Services – Albert Lea Medical Center
HealthReach Physical Medicine and Rehabilitation Center
Home Health – Albert Lea Medical Center
Lake Mills Clinic
Naeve Behavioral Health Services
Naeve Health Care Foundation
Naeve Home Health
Naeve Medical Equipment
Naeve Partners in Health
New Richland Clinic
Northwood Clinic/ Eye Clinic
Partners in Health – Albert Lea Medical Center
Wells Eye Clinic
Fountain Lake Treatment Center (Fountain Centers Chemical Dependency Treatment Center)
Fountain Centers of Fairmont
Fountain Centers of Rochester
Austin Medical Center – Mayo Health System
Blooming Prairie Clinic
Grand Meadow Clinic
Austin Medical Center Foundation
MHS Services, Inc.
Immanuel-St. Joseph’s – Mayo Health System
Immanuel-St. Joseph’s Specialty Clinic – Mayo Health System
Immanuel-St. Joseph’s Clinic – Eastridge
Immanuel-St. Joseph’s Clinic – Northridge
Le Sueur Clinic
St. Peter Clinic
Waseca Medical Center – Mayo Health System
Immanuel-St. Joseph’s Foundation – Mayo Health System
Springfield Medical Center – Mayo Health System
St. James Medical Center – Mayo Health System
Fairmont Medical Center – Mayo Health System
Blue Earth Psychological Services
Lutz Wing Nursing Home
Fairmont Community Hospital Foundation
Cannon Valley Clinic -- Mayo Health System
Cannon Valley Clinic—Northfield
Cannon Valley Clinic—New Prague
Medical Clinic of Belle Plaine
Medical Clinic of Lakeville
Medical Clinic of Montgomery
Owatonna Clinic – Mayo Health System
Owatonna Clinic, 26th Street
Owatonna Clinic, Oak Avenue
Lake City Medical Center – Mayo Health System
Lake City Medical Center Foundation
Cannon Falls Medical Center—Mayo Health System
Decorah Clinic—Mayo Health System
Gold Cross Ambulance, Inc. (Eau Claire and LaCrosse)
Luther Lakeside Apartments, Inc.
Midelfort Clinic, Ltd. – Mayo Health System
Midelfort Clinic – Clairemont Campus
Midelfort Clinic – Luther Campus
Luther Midelfort Foundation, Inc.
Northwest Health Ventures, Inc.
Northwest Wisconsin HomeCare
Northwest Wisconsin Supportive Homecare, Inc.
Barron Memorial Medical Center, Inc. – Mayo Health System
Luther Midelfort Northland – Barron Clinic
Luther Midelfort Northland – Cameron Clinic
Luther Midelfort Northland – Chetek Clinic
Luther Midelfort Northland – Prairie Farm Clinic
Luther Midelfort Northland – Rice Lake
Barron Nursing Home
Maplecroft Independent & Assisted Living
Osseo Medical Center -- Mayo Health System
Luther Midelfort Oakridge – Mondovi
Luther Midelfort Oakridge – Osseo
Osseo Nursing Home
Bloomer Memorial Medical Center, Inc. – Mayo Health System
Luther Midelfort Chippewa Valley – Bloomer
Luther Midelfort Chippewa Valley – Chippewa Falls
Luther Midelfort Chippewa Valley – Colfax
MapleWood Nursing Home
Bloomer Community Memorial Hospital
Bloomer Lakeview, Inc.
Red Cedar Medical Center, Inc.—Mayo Health System
Red Cedar Medical Center – Elmwood
Red Cedar Medical Center – Glenwood City
Red Cedar Pharmacy
Franciscan Skemp Healthcare, Inc.
Center for Advanced Medicine and Surgery
Occupational Health Building
Franciscan Sisters of Perpetual Adoration
Franciscan Skemp Medical Center, Inc.
Franciscan Skemp Healthcare – Arcadia Hospital
Franciscan Skemp Healthcare – Sparta Hospital
La Crescent Clinic
Lake Tomah Clinic
Prairie du Chien Clinic
Nursing Home – Arcadia
Nursing Home – Lansing
Behavioral Health Service
Home Health Service
Health Tradition Health Plan
Franciscan Skemp Foundation, Inc.
Franciscan Skemp Foundation of Sparta, Inc.
Franciscan Skemp Foundation of Arcadia, Inc.
Mayo Clinic Jacksonville (including practice locations at Southpoint, Marsh Landing Parkway, and St. Augustine)
Physician and Hospital Practices, Inc.
The Inn at Mayo Clinic Jacksonville
Mayo Clinic Florida
Mayo Clinic Arizona
Mayo Clinic – Scottsdale Campus
Mayo Clinic – Phoenix Campus
Mayo Clinic Family Medicine – Arrowhead
Mayo Clinic – Thunderbird
Mayo Clinic Family Medicine – Fountain Hills
Mayo Regional Practices Arizona
Mayo Medical Laboratories New England, Inc. Massachusetts
Mayo Insurance Company, Ltd. (MICL) Bermuda
Mayo Klinik Stiftung Germany
Board of Directors
Kristie L. Jacobson Lyman A. Schliep Steven P. Thicke
Chair Vice Chair Secretary
Kevin T. Hennessey Harold J. Hines Kenneth L. Kurth
Director Director Director
Jacqueline L. Moen Gary J. Reiland Chris P. Schieffer
Director Director Director
To contact the Board of Directors, please send correspondence to:
Mayo Employees Federal Credit Union
c/o Board of Directors
130 23rd Avenue SW
Rochester, MN 55902
Sarah L. Ward Gary J. Reiland Chris P. Schieffer
Chair Secretary Board Representative
To contact the Supervisory Committee, please send correspondence to:
Mayo Employees Federal Credit Union
Mayo Clinic PO Box 24
Rochester, MN 55905
Opportunities await Mayo Employees Federal Credit Union members who are interested in a volunteer position at the credit union. Volunteering on the Board of Directors or Supervisory Committee is a great way to become involved in the "people helping people" philosophy of the Credit Union Movement.
The volunteer structure is the backbone of our credit union and of the entire credit union movement. Volunteers act as the member's representative; they must always keep the member's best interest in mind. Members will elect those individuals who they feel will confidentially protect their interests and assure the future viability of the credit union. All decisions must be made with integrity and respect for all Mayo Employees Federal Credit Union members.
Board members serve a three-year term, and are elected each year during the MEFCU Annual Membership meeting in March. You must be a primary member of the credit union (in good standing) for one year prior to applying for any volunteer position.
To ApplyFor additional information, contact Terry Fields at firstname.lastname@example.org or at 507-293-8081. To obtain additional information about the positions, contact one of the current volunteer board members listed on Volunteer Leadership.
Board Member: Maintain the general direction and control of Mayo Employees Federal Credit Union. This includes guiding the credit union to fulfill its purpose; setting all policies that guide the affairs of the credit union; and ensuring these policies are properly implemented by following the credit union charter, bylaws, applicable laws, sound business practices and the membership's desires.
Supervisory Committee Member: The basic role of the supervisory committee is to be a representative of the membership responsible for reviewing the activities of the board, management and staff to assure the following: complete and accurate financial records are prepared; internal controls, policies, and procedures are maintained and followed as determined by NCUA regulations; appropriate safeguards are in place to protect the credit union's assets; and the board and management make decisions and take actions that are consistent with the best interests of the general membership. Supervisory Committee members are appointed by the Board of Directors on an annual basis.