The average member who has their services with MPECU saves, on average, $785 a year in better rates and lower fees. As a financial cooperative, we are here to serve our members with the best products and services.
MPECU is a credit union which is only open to select employer groups and members of their families/households. To become a member, you must fill out a membership application and establish a savings account with a $5.00 minimum balance—that allows you access to all other MPECU services.
Our Employer Groups include:
Minnesota Power Inc.
Superior Water, Light, and Power
ALLETE Clean Energy
ALLETE Investors (minimum of 5 shares of ALE stock required)
A.H. Zeppa Family Foundation
Como Oil & Propane
Consolidated communications (f/k/a/ Enventis)
Duluth News Tribune
Enbridge (US) Inc.
Physio-Control Data Solutions
Sisu Healthcare IT Solutions
Stewart Taylor Printing Co.
Eligible individuals include:
-Full-time or Part-time, Contract, Interns, and Temporary Employees of our Employer Groups
-Spouses, children, step-children, parents, brothers, sisters, grandparents, grandchildren, aunts, uncles, nieces, and nephews of current members (relation can be through blood or adoption)
-A non-relative living with a current member
Once a member, always a member. If you leave the employment of a partner group, you and any of your family members who have accounts, can remain a member of MPECU.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What This Means to You:
When you open a new account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Online Account Opening Information:
Take precaution and do not use a public computer, such as in a library or shared environment, for entering your personal information.
If we are unable to reasonably verify you or your eligibility to join MPECU, you may be required to finish the online account opening in person.