Our Mission is to Help Our Members Grow their Money
and Strengthen their Financial Health
in the Best Ways Possible.
Message from the Board of Directors
Welcome to the official Mission City Federal Credit Union website
The Board of Directors, Management and Staff are looking forward to having you as a member, providing information regarding the credit union, and offering the financial services you may require.
Our main goal is to provide a secure place where members may save their money and to provide a depository of money from which the member may borrow at a reasonable rate of interest. With this goal, the member can stop “banking” and start “owning”, for the member helps to determine our future together.
If you are already a member, why not give a gift of membership to a child or other family member? For a child, being a member provides a great opportunity to learn financial responsibility and start on the road to financial security.
Please feel free to contact the staff with any questions you may have.
The Board of Directors of Mission City FCU
The Evolution of Credit Unions
The earliest financial cooperatives date back to the beginning of the 19th century in England. But in the mid-1800’s, Germany was the home of the first credit union as we know them today. The goal was to provide credit to help German farmers purchase livestock, equipment, seeds and other farming needs.
Through the years, credit unions have seen significant changes and have increased in popularity as the primary financial institution for many people. From simple
borrowing to share certificates, credit cards and mortgage lending.
When President Roosevelt signed the Federal Credit Union Act in 1934, the purpose was
to make more available to people of small means credit for provident purposes through a national system of cooperative credit.
Presently, there are over 10,000 credit unions that serve nearly 78-million people in the United States. That number is growing as more and more people join credit unions every year.
A few Santa Clara city employees with a vision of “people helping people” and the belief that dreams do come true established Mission City Federal Credit Union in 1959.
Today, that dream is still alive with a mission of dedication to excellent member service and meeting the needs of our membership in an ever-changing environment.