Deposit Services

Savings Accounts: interest compounded and credited quarterly, payroll deduction, competitive rates, personalized sub-accounts.

Checking Accounts: no minimum balance requirements, no monthly fees, $25 minimum opening balance, unlimited check writing, interest compounded and credited monthly, overdraft protection, electronic bill pay.

Visa Debit Card: serves as your ATM and debit card, no monthly fee, safe and convenient worldwide access.

Shares Plus Money Market Account: premium interest rate, minimum opening deposit of $2,500, minimum withdrawal amount of $500, four transfers or withdrawals per month, interest credited quarterly.

Certificates of Deposit: minimum deposit of $1,000, optional automatic renewal, various terms, competitive rates, some withdrawal restriction apply.

IRAs and Coverdell Education Savings Accounts: Traditional and Roth IRAs and Education Savings account available, savings or certificate options, contributions through payroll deduction, consolidate IRAs from other institutions.

Lending Services

Savings and Certificate Secured Loans: loan balances can be secured by an existing savings account or certificate of deposit with MEFCU.

New and Used Vehicle Loans: financing up to 100% of value on new and used vehicles, terms up to six years depending on vehicle.

Recreational Vehicle Loans: financing up to 100% of retail prices with extended terms available.

Personal Line of Credit: revolving lines of credit and term options available.

Home Improvement Loans: loans up to $50,000 for any home repair or improvement.

Home Equity Loans: three loan options available, line of credit, 80% fixed or 100% fixed, maximum borrowing of $100,000.

First Mortgage Loans: terms from 7-year balloon to 30-year fixed, no pre-payment penalties, no hidden fees.

Visa Credit Card: Classic and Platinum cards available, 1% rebate after first $1,500 of purchases, low interest rate, no annual fees, automatic payments available.

Electronic Services

World Wide Web: visit us at www.mayocreditunion.org.

Phone Center: MEFCU has a full-service phone center where your call is answered by MEFCU staff without having to work through an automated answering system. Call us at 800-535-2129 or 507-535-1460.

MEFCU Audio Response System (MARS): request a balance, make transfers, obtain check clearing information by calling 507-284-5666 or 800-444-7649.

Home Banking ($LINK): obtain account information, view account details, make transfers, withdraw funds, obtain a loan advance, pay bills, download transaction information.

Investment Services

MEFCU can help you with your investment and insurance needs through Financial Network Investment Corporation.

Other Services

Additional services with minimal or no fees.

• 5 Drive-up lanes and a drive-up ATM at the Cascade Lake office
• Safe deposit boxes
• Credit Counseling
• Kids and Teen Programs
• Car Facts information center and educational videos
• American Express Traveler's Cheques
• Money Orders
• Notary and Signature Guarantee Services
• Direct Deposit
• Night Depositories
• Wire transfers, international and domestic