Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Damage closes Members Cooperative CU branch
DULUTH, Minn.(11/2/10)--Members Cooperative CU (MCCU) has closed permanently its Central Duluth, Minn., branch because of irreparable damage from a storm last week. Tammy Heikkinen, president/CEO of the $289 million asset credit union, said the branch has suffered from infrastructure issues for several years. Although MCCU addressed each problem as it rose, the storm on Oct. 26 created irreparable damage. "The recent rainstorm caused substantial water damage, to the point that the building is now beyond repair," Heikkinen said. "We will not risk the safety of our staff and our membership." No jobs are in jeopardy from the closure. Staff at the Central branch will be reassigned to other branches in Duluth, said a press release on MCCU's website. "We apologize for any inconvenience this closure may cause our members," said Heikkinen. Members can visit other Duluth locations in Spirit Valley and on Miller Hill, said Heikkinen. An ATM at Whole Foods Co-op, which was adjacent to the credit union's Central Duluth branch, also is available.


RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
48 minutes ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
1 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
2 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
3 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
4 hours ago