About Us
Local. Trusted. Community-minded.
Minnesota Valley Federal Credit Union (MVFCU) was established as a member-owned, not-for-profit financial cooperative. Credit union members enjoy convenience and services that simply are not available at most financial institutions. Members' immediate family are eligible to join, and may retain membership for life - even if they change jobs, relocate or retire.
Yes, you can join!
MVFCU serves people who live, work, worship, attend school, or volunteer, and businesses and other legal entities located in Blue Earth, Nicollet, Le Sueur, Waseca, Brown or Watonwan counties; or have an immediate family member who is a member.
Our Story
Founded in 1934, MVFCU was originally Mankato Teachers Credit Union. Our first office was originally a janitor's closet at the Mankato High School and our first CEO, Dave Ling, worked part time. Throughout the years we continued to serve local businesses and their employees.
In the late 90s we had more than 80 businesses or "Select Employee Groups" (SEGs) who made up our membership. In 2001, MVFCU changed to a community charter which allowed us to serve anyone living, working, worshiping or attending school in Blue Earth, Brown, Nicollet, Le Sueur, Waseca or Watonwan Counties.
Today, MVFCU has nearly 40 employees, over $330 million in assets, and provides banking services to nearly 18,500 members.
The Credit Union Difference
As a credit union member, you are not just a customer but you are also part-owner of a financial cooperative in which all the members pool their resources to help one another. Credit unions are dedicated to the principle of "people helping people." Credit unions also have a not-for-profit federal and state income tax status similar to other cooperatives that work primarily to better the lives of members and the communities in which they live. Your credit union is directed by a volunteer board, elected by the membership, which is entrusted to keep the members’ best interests in mind, every day of the year.
Credit unions reinvest their income to improve the financial well-being of the entire organization and each individual member. This is why they are known for their reasonable loan rates and fair return on savings. Your account will never be sold to an out-of-state bank. You will always have a voice regarding the direction of your financial institution. Credit unions also have a special commitment to reach out to persons who might otherwise be unable to obtain affordable financial services elsewhere.
Our Mission
To exceed the expectations of our member-owners and employees and be their most valued and trusted financial institution and employer, always in keeping with the cooperative principles.
Diversity Policy
MVFCU is committed to a culture of embracing diversity and inclusion among our members, employees, directors, vendors and partners. We believe differences in our employees and members enrich the work environment and greatly enhance our ability to effectively fulfill our mission, live our values and meet the needs of the communities we serve.
Patronage Dividend
If you're one of our more active members you may see a YES Bonus in your Primary Share Account. The YES Bonus stands for "Your Extra Slice" and is our way of saying THANK YOU for being an active member of MVFCU.
Financial Highlights
MVFCU continues to report a strong financial condition. View our current financial highlights and past financial trends here.
Become a Member
Board of Directors
Volunteer Members
Carol Whitney - Chairperson
Brian Boettcher - Vice Chair
Melissa Bublitz - Secretary
Harold "Sandy" Bartlett - Treasurer
Michael Blaine - Membership Chair
Tom Bicek - Director
Supervisory Committee
Volunteer Members
Timothy Madsen - Chairperson
Daryl Arzdorf
Beth Kremer
Warren Michels
Ron Evan
Management
Trent Talle - President/ CEO
Ben Suker - Senior Vice President
Sarah Adams - Vice President of Member Services
Jessica Wheelock - Real Estate Loan Manager
Mike Thompson - Consumer Loan Manager