United Educators Credit Union provides financial services to Minnesota's education community and their families, those who support education through membership in the United Educators Foundation, as well as other select employee groups located near our offices or involved in education. We offer many of the same services as a bank, but we are very different. As a not-for-profit financial cooperative, all profits are returned to members in the form of dividends and lower interest rates on loans.
United Educators Credit Union was established in 1957 to benefit Minnesota Education Association members. Originally named MEA Credit Union, we assisted with the specific financial needs of the education community. Throughout the years — from strikes and natural disasters, to times of prosperity — the credit union was there.
The summer of 1998, the State's two teachers unions: the Minnesota Education Association and the Minnesota Federation of Teachers merged into one — Education Minnesota. Taking their lead, we petitioned the State Banking Department for a new charter, whereupon our field of membership changed to include all staff and members of the new organization. Without an "MEA" to serve, the name MEA Credit Union became obsolete. On January 1, 1999, we changed our name to United Educators Credit Union. Endorsed by Education Minnesota, we gained the opportunity to serve educators and school personnel statewide.
Today, with over $150 million in assets and over 15,000 members, UECU offers a full line of financial services, and currently operates branch locations in Apple Valley, Coon Rapids, Minnetonka, and Woodbury. Although the credit union has undergone many changes over the years, the strength, dedication and commitment we bring to the education community remains as it has been since 1957.
The vision of United Educators Credit Union is to be the first financial choice for the Minnesota education community and their families.
United Educators Credit Union exists to advance the financial well-being of our member-owners through financial solutions within the realm of sound and safe business practices.