Why Join St Paul Federal Credit Union?

St. Paul Federal Credit Union is a full-service, member-owned, not-for-profit financial institution. Earnings are returned to members in the form of lower loan rates, lower fees, and higher savings rates. 

If you live, work, worship or do business in St. Paul or downtown Minneapolis you qualify for membership in the St. Paul Federal Credit Union.  Membership is also open to employment groups including Local 110 Electricians and United States Federal Employees and their families, plus many more organizations. 

St. Paul Federal Credit Union Products & Services

St. Paul Federal Credit Union features great interest rates on loans, savings, and investments and offers a wide array of personal banking and investment services.

Mortgage Loans, Auto Loans, and Consumer Credit Loans

Savings Accounts, Certificates, and Money Market Accounts

Retirement Accounts, College Savings Accounts, and CPR Wealth Advisors

Free Checking Accounts with worldwide ATM/Debit Card Services

Visa® Platinum Credit Cards and Prepaid Debit Cards

Safe Deposit Boxes, Free Notary Public Services, Direct Deposit, and Additional Benefits & Perks

Credit Unions

Not-for-profit cooperatives—profits returned back to members in the form of lower loan rates, lower fees and higher dividends

Member-owned with each member receiving one (1) vote regardless of the amount of money they have in the credit union

Earnings returned back to members through lower loan rates, lower fees and higher savings rate

Controlled by the member/owners who elect a volunteer Board-of-Directors

Serve “common bond” groups such as an industry or employer, religion or those that live in the same geographic area

Insured by the National Credit Union Insurance Fund (NCUSIF) and backed to at least $250,000 by the full faith and credit of the United States Government

Banks

For profit organizations

Customers do not own their bank

Earnings/profits returned back to their share holders, not to customers

Controlled by stockholders who elect paid Board-of-Directors

Can serve anyone

Insured by the Federal Deposit Insurance Corporation (FDIC) and backed to at least $250,000 by the full faith and credit of the United States Government