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.
Membership Requirements
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
- Free Checking Accounts with worldwide ATM/Debit Card Services
- Savings Accounts, Certificates, and Money Market Accounts
- Visa® Platinum Credit Cards and Prepaid Debit Cards
- Retirement Accounts, College Savings Accounts, and CPR Wealth Advisors
- Safe Deposit Boxes, Free Notary Public Services, Direct Deposit, and Additional Benefits & Perks
Credit Unions |
Banks |
| Not-for-profit cooperatives—profits returned back to members in the form of lower loan rates, lower fees and higher dividends | For profit organizations |
| Member-owned with each member receiving one (1) vote regardless of the amount of money they have in the credit union | Customers do not own their bank |
| Earnings returned back to members through lower loan rates, lower fees and higher savings rate | Earnings/profits returned back to their share holders, not to customers |
| Controlled by the member/owners who elect a volunteer Board-of-Directors | Controlled by stockholders who elect paid Board-of-Directors |
| Serve "common bond" groups such as an industry or employer, religion or those that live in the same geographic area | Can serve anyone |
| 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 | 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 |