MINNESOTA 888 462 1607
ORE OPERATIONS EMPLOYEES
CREDIT UNION  

Minnesota Ore Operations Employees Credit Union, located in Hibbing, serves all employees of
U. S. Steel Minnesota Ore Operations, both Mountain Iron and Keewatin. It also serves members of IBEW Local Union 294 of Hibbing. Family members of both of these employee groups can also join and enjoy the benefits of membership.

The credit union offers consumer loans and direct deposits from employers are welcome to savings (share) accounts. A variety of accounts are also available, some of which include checking and Christmas Club. Additionally, Minnesota Ore Operations Employees Credit Union offers debit cards, audio response, NADA car values and a notary service.

Member Survey - Vehicle Financing
Do you own a car or truck that is financed?
YESNO
Did you finance it with Minnesota Ore Operations Employees CU?
YESNO
If “No”, reason for financing somewhere other than Minnesota Ore Operations Employees CU:
Interest rate
Convenience
Dealer finance
Down payment requirement
Term/length of loan

 

Credit Union vs. Bank

What are the Key Differences Between Credit Unions and Banks?

Credit UnionsBanks
Are not-for-profit organizations Are profit-oriented organizations
Return profits to members in the form of lower loan rates, higher savings rates, and free or lost-cost services Return profits to a small group of stockholders
Invest directly back to members Invest in corporate bonds or the stock market
Serve those individuals within their field of membership - oftentimes membership criteria is quite vast Serve anyone in the general public
Have members who act as co-owners and "own" a stake in the organization Controlled by stockholders and paid officials
Are member service-driven Are profit-driven
Are federally insured by the National Credit Union Administration (NCUA) Are federally insured by the Federal Deposit Insurance Corporation (FDIC)
Elect a volunteer Board of Directors to represent their interests Have a paid Board of Directors who represent the owners; customers do not have voting privileges



This credit union is federally insured by the National Credit Union Administration