Thursday, October 22, 2015

Business Service Benefits From Mid-Minnesota Federal Credit Union

For business small and large, choosing a financial institution to fit your needs can make or break a company - especially if you are just starting out. At Mid-Minnesota Federal Credit Union, we offer top-notch professional business savings, checking, and lending services to our members. Check out some of our services below:

Premium Checking
MMFCU offers two kinds of Business Checking to meet your needs. The regular Business Checking plan is an excellent option for both businesses that are getting started and established. The Business Dividend Checking plan allows businesses to earn competitive dividends on checking account balances with the flexibility of a higher transaction limit, and a dividend checking account also earns you more money, much like a savings account.

As with our personal checking accounts, MMFCU members benefit from additional checking services.
  • Free VISA Debit Card
  • 24-Hour Phone Teller
  • Online Account Access
  • No-Surcharge ATM Service
  • Unlimited Free Transactions at the ATM through the Co-Op Network.
  • Free Direct Deposit
  • Lending
The Business Loans available at MMFCU offer competitive rates and flexible terms. A variety of business loans are offered including Commercial Real Estate, Equipment and Vehicle, Rental/Investment Property, Operating Lines of Credit, Expansion, Construction, and Business Acquisition. A business loan through MMFCU also means you will have a fast and easy application process. Simply download an application and return it to your local branch.

Additional Services
In addition to checking and lending services, MMFCU offers additional business services to help you make the most of your successful business pursuits:
  • An easy application process, flexible terms, and competitive business loan rates
  • Online Banking offers you access to reliable and secure banking services from the comfort of your business or home; check and transfer funds, view loan and payment options, and have 24/7 access to your accounts.
  • 100% New Business Vehicle Financing
  • New Equipment Loans with rates as low as 3.99% APR (Annual Percentage Rate)
  • Online Bill Pay and eStatements. Get access to all your vital business information, and make your business’s eco footprint lighter—go paperless.
Being confident in your business’s future means being confident in the financial institution that supports and helps improve it. Become a member to benefit from MMFCU’s business services today. MFFCU is federally insured by the NCUA. Loans are subject to approval. Certain restrictions apply.

Friday, October 2, 2015

October is National Co-operative Month

October has been national co-operative month since 1930. Co-ops span all industries including credit unions, dairy operations, health care and housing. There are more than 29,000 co-ops across the United States. Mid-Minnesota Credit Union falls under this umbrella. Some co-ops are not just small and in rural areas. Large national co-ops include Sunkist, Ace Hardware and Land O’ Lakes.

Co-ops start to help people meet a need in their area. It’s not about making money. People who use or deliver services are members of the co-op. Their participation is the key to the co-op’s success. Co-ups exist to serve their communities first and bring in quality goods and services to its members. Joining a co-up is a great choice for buying local and keeping jobs in the community. Some co-ops even pay their members if business is going good.

Members always maintain democratic control of their co-op, which means they vote on fellow members to be on the board of directors at an annual meeting. Members have an equal say in the co-op’s operations and future.

Co-ops give their members a voice in the community and help make a difference. Minnesota was one of the first states to enact a law authorizing credit unions and the first state to celebrate an official co-op month in 1948. Minnesota is also home to the most co-ops and co-op memberships in the country.

Mid-Minnesota Credit Union takes pride in serving Becker, Cass, Crow Wing, Douglas, Norman, Morrison, Todd, Wadena and Otter Tail Counties. If you live, work, worship or attend school in any of those geographic locations, you’re eligible for membership. If you have a blood relative in these areas, you’re also eligible for membership.

Should you meet any of these guidelines, a simple $5 deposit will make you a member/owner of Mid-Minnesota Federal Credit Union, which will allow you to apply for any of our hundreds of free and low-cost services.