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Maumee Valley Credit Union’s Mission

To provide quality and innovative financial services that contribute to the social and economical well-being of our membership.

Frequently Asked Questions

What is a Credit Union?

There are approximately 5,000 member-owned cooperative financial institutions, known as credit unions, in the U.S. Their roots go back to 1849 when the first credit union was established in Western Europe. A credit union is usually formed around a common bond, generally employment. Its main purpose is to give member owners a place to save and borrow. Members pool their money into a variety of savings and investment accounts. This money is lent to members who pay interest. After operating expenses and reserve requirements are met, the remaining loan income is returned to the members as dividends and other financial services. A credit union is not a bank. It is a non-for-profit cooperative, owned and controlled by its members. This means that, unlike banks, the credit union’s primary objective is not to generate profits for stockholders, but to satisfy the financial needs of its members.

Why Should I Join A Credit Union?

When you invest in the credit union you’re not only making a wise financial decision for yourself, you’re also helping other Maumee Valley Credit Union members reach their Financial Destination. The credit union’s earnings are returned to you, our members, in the form of higher dividends, lower loan rates, lower (or no) service fees, and more convenient services. And because each member owns a share of the credit union, you have the opportunity to vote in credit union elections.

By joining the credit union, you and your eligible family members become MVCU members for life! No matter where you live or work in the future, your membership will continue as long as you maintain an active savings account and remain a member in good standing.

Is the Maumee Valley Credit Union Secure?

Yes, you’ll have peace of mind of knowing that the American Share Insurance Company privately insures your funds up to $250,000 per account. American Share Insurance is a corporation chartered by the State of Ohio.

MVCU History

Founded in 1942, Maumee Valley Credit Union is celebrating its 80th anniversary this year.

Our original field of membership consisted of employees of the New York Central Railroad, Penn Central Railroad, and Consolidated Rail Corporation (Conrail). With increased popularity and demand for credit union services, we began to expand our field of membership. Groups that were unable to establish an organization of their own, now could become SEGs (Select Employee Groups) of an existing company affiliated Credit Union. With our consistently strong financial tradition, we were able to attract many new member companies. Through prudent management, we continued to expand the services provided to our ever-growing membership. However, major changes became necessary with the acquisition of the Consolidated Rail Corporation, our core sponsor, by Norfolk Southern and CSX railroads.

In 1997 we became the Maumee Valley Credit Union. With over 70 Select Employee Groups that are affiliated with the Credit Union, we geographically cover most of the Maumee Valley region. Today we currently have two locations, one in Toledo and the other in Perrysburg.

We are able to offer all of our services to members who live, worship, work, and attend school in Wood County and Lucas County. We’ve continued to grow on our own merit, not through acquisitions or mergers. We believe in offering our members competitive rates of interest on their savings and a fair return on loans.

We welcome you to come and join our credit union…you will notice a difference in your banking experience!