Business Details
50+ Years
experience
Your Trusted Partner for Credit Union Services in Austin, MN
Established in 1961, Mower County Employees Credit Union has served as a cornerstone financial institution for Mower County employees and their families. As a member-owned cooperative, we prioritize returning earnings to our members through competitive rates, reduced fees, and exceptional service. Our team is dedicated to fostering long-term financial wellness, helping members achieve their goals in home ownership, business ventures, education, and future security.With over six decades of community-focused service, we combine deep industry experience with personalized attention to meet the evolving needs of our members. Our expertise spans savings accounts, loans, credit cards, and financial education programs tailored to all ages. Trusted by generations, we maintain rigorous compliance standards, transparent operations, and a commitment to ethical financial practices that build lasting trust.
Services
Share Savings Accounts
Mortgage Loans
Debit Cards
Money Market Accounts
Student Loans
Certificate Accounts
Online Banking
ATM Access
Wire Transfers
Details
- Year established: 1961
Highlights and features
- We have over 60 years of experience serving Mower County families.
- Our member-owned cooperative returns earnings as better rates and fewer fees.
- Personalized service through locally-based decision making.
- County Kids Club teaches financial literacy to youth starting at age newborn.
- Comprehensive digital banking with 24/7 fraud monitoring.
Associations and certifications
- NMLS #1154437
Services
Share Savings Accounts
These accounts offer tiered dividend rates based on balance, with no monthly maintenance fees. Ideal for building emergency funds or everyday savings, they provide secure growth through quarterly dividend credits. Members also gain access to automated transfers and digital banking tools.
Mortgage Loans
Competitive mortgage options for home purchases and refinancing. Features include fixed and variable rate options, personalized payment plans, and local underwriting. Online calculators help estimate payments while in-person consultations ensure proper documentation and eligibility assessment.
Debit Cards
EMV chip-enabled cards with 24/7 fraud monitoring and global acceptance. Features include Apple Pay integration, instant card controls through Brella Mobile App, and immediate loss reporting. Security includes transaction alerts and optional card suspension functionality.
Certificate Accounts
Fixed-rate accounts requiring minimum $500 deposit for set terms. Higher returns compared to standard savings with dividends credited quarterly. Early withdrawal penalties apply, making these ideal for disciplined savers seeking predictable growth.
Student Loans
Private student loan options through Sallie Mae Bank with minimum $1,000 loan amounts. Includes digital application process and eligibility verification. Features repayment options and educational resources about responsible borrowing practices for higher education investments.
People
Stephanie Riles
President/CEO
Stephanie leads strategic operations and executive decision-making. She oversees member services, financial planning, and community outreach initiatives. Her leadership maintains the credit union's commitment to member-first principles and long-term financial stability.
Duane Felt
Board of Directors
Duane contributes to governance and policy development. He provides oversight for financial stewardship and ensures compliance with cooperative principles. His local business expertise guides investment strategies and community development efforts.
Deb Retterath
Supervisory Committee
Deb chairs audit functions and regulatory compliance monitoring. She leads quarterly statement verification processes and ensures transparency in financial reporting. Her role maintains accountability to members through independent oversight.
Diana Moon
Credit Committee
Diana evaluates loan applications and credit risk assessments. She approves personalized financing solutions for members while maintaining portfolio integrity. Her expertise guides responsible lending practices aligned with member financial goals.
Chris Eastvold
Board of Directors
Chris participates in strategic planning and policy formulation. He focuses on technology upgrades, service expansion, and member benefit enhancements. His perspective ensures modern banking solutions while preserving cooperative values.
Questions
How can I access my account after hours?
Use online banking or mobile app for 24/7 account access. Report lost cards after hours via Shazam at 1-800-383-8000.
Are there fees for ATM usage?
Surcharge-free access through our network. Non-network ATMs may incur fees that we can waive for Golden Club members.
What services are available for youth members?
County Kids Club with $5 minimum opening deposit, free coin counting, and educational financial literacy resources for ages newborn-17.
How do I report a discrepancy in my statement?
Contact the Supervisory Committee Chair at PO Box 164, Austin, MN 55912 or call during business hours at (507) 437-6360.
Can I get a loan for any purpose?
We offer auto, home, personal, business, education, and recreational loans. Specific eligibility criteria apply for each loan category.
What happens to Christmas Club funds?
Balances transfer automatically November 1st. Early withdrawals before this date incur penalties to preserve funds for holiday spending.