When you join Mid Cities Credit Union, you become a member/owner of a not-for profit financial cooperative organized solely for the needs of our members. Since credit unions are owned and controlled by members, profits are returned directly to the membership in the form of higher dividend rates on savings and lower rates on loans.
In 1935, when credit unions were helping Americans through the Great Depression, the treasurer of a Midwestern credit union said that credit unions were "not for profit, not for charity, but for service," and that philosophy holds true today.
Credit unions continue to look out for their members’ interests and provide a level of service that is not generally available at other financial institutions. Whether it’s providing a loan to help a member cover unexpected medical bills, giving financial counseling to a member whose company closed its doors, or simply offering a better deal on a used car loan, credit unions make a difference for their members and the communities they serve.