MecuNet.org was organized as a financial cooperative and chartered
About MecuNet.org
MECU's HistoryOn January 27, 1939, MECU was organized as a financial cooperative and chartered under the laws of the State of Illinois. The ten incorporators deposited $5 each to start the credit union with a total of $50 capital. By the end of the year, there were 474 credit union members and assets totaled $14,765. The new credit union offered its members a regular share (savings) account, a source for loans, and was one of 657 credit unions in Illinois.
