The Co-op Credit Union is chartered under the State of Minnesota and is a unique financial institution because it is owned by the members it serves.
Field of Membership
A field of membership is a group of people sharing a common bond, whether it is employment, geographical location or membership in an organization. Some employers have made it possible for their employee group to become members of the Co-op Credit Union by petitioning the State Commerce Department to be included in our field of membership through the select group rules in the state code.
If you meet the criteria for the field of membership you can apply for membership by completing a membership application. In addition to a regularly qualified member, the spouse of a member, the blood or adoptive relatives of either of them, and their spouses, may also become members. A membership share account can be opened with as little as $5.00.
Persons who live, work, worship or attend school in, and businesses and other legal entities located within Swift, Lac qui Parle, Chippewa, Kandiyohi, Yellow Medicine, Renville, Lincoln and Lyon counties in Minnesota.
You can also qualify for membership if you are a member, shareholder, employee of the following:
- Farmers Union Oil Company of Montevideo
- Minnesota Valley Co-op Light & Power Association
- Farmers Co-op Oil Company, Clara City
- Employee of the Co-op Credit Union of Montevideo