MembershipHow does a credit union differ from a bank?

Credit unions act just like banks, and provide all of the same services: checking, savings, auto loans, business loans and mortgage lending. The single distinguishing factor between the two is that credit unions are not-for-profit institutions.

As a not-for-profit organization, Malheur Federal Credit Union is not beholden to shareholders. Rather, credit union members act as shareholders, and benefit from organization profits through lower fees and better service.

What Does it Mean to be Member Owned?

Members of Malheur Federal Credit Union are actually co-owners of this full-service co-operative financial institution. Loan money comes from members’ savings, and profits are divided and deposited back into members’ accounts. The Board of Directors is comprised of elected volunteers from within the membership. The bottom line advantages for members are low-interest loans, high-yield savings accounts and cost-effective person-to-person financial services that truly respond to the needs of members and their families.

Are My Funds Insured?

Yes! Every account is insured up to $250,000 by the National Credit Union Administration (NCUA), an independent agency of the federal government. The NCUA has gained a reputation for wise, stabilizing financial management. Thanks to the NCUA, members of Malheur Federal Credit Union can rest assured that their funds are safe. Visit for more information.

Persons who live, work, attend school, worship, or perform volunteer services in Malheur County, Oregon and Payette County, Idaho are eligible for membership.

No charge if any one of the following apply:

  • you are less than 18 years old
  • you have a monthly direct deposit
  • your aggregate deposit balances stay above $100
  • you have a qualifying Kasasa account

Otherwise $2.00 per month.

An initial deposit of $50 in a Regular Share Savings Account. Once you are a member of Malheur Federal Credit Union, you are always a member – even if you move away or change employment outside one of the counties!

Ready to Become a Member?