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About

Welcome to the Monrovia City Employees Federal Credit Union, serving City Employees and their Families since 1954.  Small but Mighty, we are dedicated to helping our Members achieve their financial goals by providing competitive rates and unsurpassed Member Service.

History and Structure

Monrovia City Employees Federal Credit Union (MCEFCU) is a voluntary, nonprofit, cooperative association of individuals sharing a common employment bond as defined by our field of membership. Each member is an owner of the Credit Union and is entitled to a single vote regarding the business of the Credit Union. MCEFCU was established to provide employees and family members a means to save and borrow money.

Each year Members gather at the Annual Meeting to elect our Board of Directors from the Membership and to conduct other such business as may be brought to the meeting’s attention. Board members are uncompensated volunteers. The Board of Directors elect their own officers from the group that the Membership elects to serve as directors. The Board is ultimately responsible for the success of the Credit Union and sets Credit Union policy. The Board appoints the Supervisory Committee and hires the CEO.

 

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