Welcome BIP Federal Credit Union Members

Welcome to the Members Credit Union Family!

BIP Federal Credit Union (FCU) will close on Friday, October 28th at 5 PM. The credit union office will remain closed on Monday, October 31st to prepare to open on Tuesday, November 1st when it will open at 8 AM as Members Credit Union (MCU). This merger is at the request of BIP FCU’s Board of Directors and Members.

All of us here at MCU are excited to continue BIP’s tradition of people helping people and provide you with a full portfolio of financial service products while charging fewer and lower fees than the larger for-profit banks. All deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States Government. As a service-oriented not-for-profit, our goal is to serve members, not wealthy shareholders. That’s because we believe members are more valuable than profit.

MCU’s top priority is to make sure your BIP FCU products and services transition to MCU smoothly and that you will value your membership with us just as much as you value your membership with BIP FCU. Please look for a letter from MCU in your September statement from BIP FCU, explaining what to expect in the months leading up to November 1st.

Our Products and Services

Online Banking –  If you received your statement electronically at BIP you may log on to BIP’s Home Banking to view your statements until December 1st. All other home banking functions will be disabled. You may enroll into MCU@Home, MCU’s free online banking service. To enroll, you will need to contact MCU’s Member Services Department to set up a temporary password. Call 1-800-951-8000 Monday to Friday, 8 AM to 5 PM. Once you enroll into MCU@Home, you may sign up for our free eStatements and mobile banking service! Our Online Bill Pay service is called eBill. It’s also a free service for members with checking accounts. To protect your account we provide a separate portal from which to pay your bills.

Members CU Savings Account – Open with an initial deposit of $25 and make sure to keep your account balance at $25 or more to have the $3 monthly maintenance fee waived. Savings Accounts come with free MCU Cash Card, 24/7 Online Banking, 24/7 Mobile Banking, and 24/7 Telephone Banking. In addition to our Regular Savings Account, we offer a Money Market Savings Account and a Super 60 Savings Account. To check the current savings rates visit the Current Rates page.

Members CU Checking Account – Open with an initial deposit of $25 and make sure to keep your account balance at $25 or more to have the $3 monthly maintenance fee waived. Checking Accounts come with a free VISA Debit/ ATM Card, MCU Cash Card, 24/7 Online Banking, 24/7 Mobile Banking, and 24/7 Telephone Banking.

Share Certificates/ Certificate of Deposit (CDs) – We offer several options from 5 months to 60 months certificates. To check the current rates visit the Current Rates page. Dividends are paid monthly, and you may choose to have dividends paid to you by check, by deposit to another savings account, or by having it reinvested into the certificate.

Individual Retirement Accounts (IRAs) – We offer Roth, Traditional, and Education Savings IRAs. To check the current rates visit the Current Rates page.

Christmas and Vacation Club Accounts – Open with an initial deposit of $25 and make sure to keep your account balance at $25 or more to have the $3 monthly maintenance fee waived. Christmas Club Checks are dispersed during the first week of November. Vacation Club Checks are not dispersed automatically so call us to have your Vacation Club Check sent to you when you need it

Youth Accounts/ MyFi Accounts – We have Youth Savings Accounts and Student Checking Accounts to help teach financial management early.

Loans – MCU offers a variety of loan products. Our most popular loan product is our Auto Loan. If you have financed your vehicle at the dealership or a bank and are not happy with your agreement, you can refinance at Members CU. We will finance new and used vehicles for a maximum term of 84 months (minimum $125 monthly payment). To check the current rates visit the Current Rates page.

All deposit accounts earn a monthly dividend provided minimum balance requirements are met. To view current dividends, visit our Current Rates page. Click here to see our fee schedule.