We began in a small janitors sized closet in the old Bennett-Clarkson Hospital, and grew into a successful financial institution serving not only the Rapid City Regional Hospital employees, but gratefully served the entire Rapid City and surrounding areas medical community. Now we are happy to have the privilege of serving all of Rapid City and surrounding areas.
In order to belong to our Credit Union, you must first become a member. Once you become a member, you will remain a member as long as you maintain a share account with us. Youll earn a dividend on your share account, like a bank savings account, but our dividend rate will usually surpass that of other financial institutions.
Since Credit Unions are non-profit thrift organizations that are member-owned, you will always have a voice in the Credit Unions operations. We have an annual meeting to which each member is invited.
We do have a paid staff, although most of our directions comes from our Board of Directors and supervisory Committee, which consists of volunteers. They are people just like you, who are elected by the credit union members each year at our annual meeting. Thats why we have SHARES we all share!!!
Med5 is commited to providing personal service that is convenient, competitive, and caring, while maintaining financial stability to meet the changing needs of our membership.
To create a high-performance credit union that is committed to offering our members a competitive advantage on products and services. Through our commitment to become our members primary financial institution, we shall strive to assist members to attain their personal financial goals with convenience and flexibility of service delivery that meets the needs and desires of all members. We embrace and encourage volunteerism, educating our members, and community involvement.
Med5 Federal Credit Union is federally insured by the National Credit Union Share Insurance Fun, which is backed by the full faith and credit of the U.S. Government.
The National Credit Union Administration (NCUA) is an independent agency of the United States Government; NCUA regulates, charters, and insures the Nation's Federal Credit Unions.
The shares in your Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF) or the Fund, an arm of NCUS. Established by Congress in 1970 to insure member share accounts at federally insured Credit Unions, the Fund is managed by NCUS under the direction of the three-person NCUA Board.
Your share insurance is similar to deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC). Share accounts are insured up to $250,000, an amount equal to the insurance protection offered by the FDIC. Generally, if a Credit Union member has more than one account in the same insured Credit Union, those accounts are added together and are insured up to the $250,000. There are exceptions, however. For more information about your insurance fund, please contact the Credit Union or leave an E-Mail message.
Main Office: 625 Flormann St. Rapid City, SD 57701 | Open Monday-Friday 9:00 a.m. - 5:00 p.m. | (605) 342-7776