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Members Cooperative Credit Union

Duluth, MN 55807

50
Loans Approved
$10.6M
Total Volume
$212K
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • General Freight Trucking, Long Distance, Truckload
  • General Freight Trucking, Local
  • Motor Vehicle Towing
  • Other Clothing Stores
  • Full-Service Restaurants

Quick Summary

Members Cooperative Credit Union is an SBA-approved lender headquartered in Duluth, Minnesota. Since 2020, they have approved 50 SBA 7(a) loans totaling $10.6M, with an average loan size of $212K. They primarily serve Minnesota businesses.

About Members Cooperative Credit Union

Members Cooperative Credit Union is an SBA-approved lender headquartered in Duluth, Minnesota. Since 2020, they have approved 50 SBA 7(a) loans totaling $10.6M, with an average loan size of $212K. They primarily serve businesses in Minnesota.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Members Cooperative Credit Union an SBA Preferred Lender?

Members Cooperative Credit Union is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Members Cooperative Credit Union approved?

According to SBA FOIA public records, Members Cooperative Credit Union has approved 50 SBA 7(a) loans totaling $10.6M since 2020. Their average loan size is $212K.

What states does Members Cooperative Credit Union serve?

Members Cooperative Credit Union primarily serves businesses in Minnesota.

How do I apply for an SBA loan with Members Cooperative Credit Union?

To apply for an SBA 7(a) loan with Members Cooperative Credit Union, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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