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Materion Federal Credit Union (MFCU) is a full service financial cooperative, established in 1970, to serve employees and retirees of Materion and its affiliates. As a credit union, we are not for profit, but for service, financial cooperative, owned by the members and existing for the use of the membership.
MFCU is governed by a Board of Directors that establishes and reviews policies. The Directors are Credit Union members who are elected by the Membership and serve without pay. Every member has one vote, regardless of how much he or she has on deposit.
The operations of MFCU are subject to review and examination by the National Credit Union Administration (NCUA), an agency of the U.S. Government. The NCUA insures each member’s deposit accounts for at least $100,000.
At Materion Federal Credit Union, we adhere to the credit union philosophy of “people helping people”. We treat our members as individuals rather than numbers and uphold the idea that our members are more important than the bottom line. Membership is open to all Materion and affiliates’ employees, retirees, and their extended families.