Midwest Carpenters & Millwrights Federal Credit Union

Merger Updates

Welcome to Credit Union 1!

Credit Union 1 offers modern technology and competitive everyday banking products to help you reach your financial goals.

If you currently receive a statement from Midwest Carpenters & Millwrights Federal Credit Union (MCMFCU), you are an active credit union member, and your account will be automatically converted to a Credit Union 1 account.

If you do not currently receive a statement from MCMFCU, you are not a member of the credit union and need to take further action to maintain your Vacation Savings account once systems are converted to Credit Union 1.

Have vacation savings but are not yet an active member? 

Get Started

Log In to MCMFCU Online Banking

Important Dates

  • Conversion Date: March 31, 2024
  • Digital Banking/Online Bill Pay
    Unavailable: April 1, 2024 - April 2, 2024

Post Legal Merge Date

Important: System Conversion Notice

April 1, 2024 - April 2, 2024

The conversion to Credit Union 1's system will begin April 1, 2024. To ensure a smooth conversion, review and confirm your contact information with a team member. Please Note: Digital Banking and Online Bill Pay will be unavailable during the conversion. On April 2, 2024, or later, all members will need to re-enroll in Digital Banking with Credit Union 1 at creditunion1.org.

View Our Conversion Mailer   FAQ's

Get Registered for Digital Banking

With CU1's 24/7 Digital Banking, you can manage your accounts anytime and anywhere. It's simple to get started, and we are here to help. Watch our video guides that cover some of the most frequently asked questions about CU1 Digital Banking.

Watch our video guides

Have Questions?

If you have any questions between December 31, 2023 and March 31, 2024, feel free to call (800) 543-5785. After March 31, 2024 you can begin calling Credit Union 1's main number for assistance.

Credit Cards

For members with existing MCMFCU credit cards, continue to use them as normal and Credit Union 1 will send out additional information in the coming months.

Cardholder Services: 855.541.8159

Report Lost or Stolen: 800.449.7728

Make a Payment on Your Visa Card

Send your loan payment by mail to:
Midwest C & M FCU
PO BOX 71050
Charlotte NC 28272-1050

CU1 Products

Apply for NEW products with Credit Union 1 after the legal merger date of December 31, 2023. Any NEW accounts will be opened on Credit Union 1's system. Any existing MCMFCU accounts will still be managed as usual until after the system conversion. Beginning April 2, 2024 you will manage all accounts through Credit Union 1.

Learn more about CU1's Checking, Savings, CDs, and Auto Loans.

New Branch Hours

The MCMFCU branch will remain open to continue to serve you.

Starting January 2, 2024 branch hours will be:

  • Monday: 9:00 a.m. - 5:00 p.m.
  • Tuesday: 9:00 a.m. - 5:00 p.m.
  • Wednesday: 10:00 a.m. - 5:00 p.m.
  • Thursday: 9:00 a.m. - 5:00 p.m.
  • Friday: 9:00 a.m. - 5:00 p.m.
  • Saturday: 9:00 a.m. - 12:00 p.m.
  • Closed Sunday

 

 


 

System Conversion FAQs

When will Digital Banking be inaccessible?
Digital Banking and Online Bill Pay will not be available from March 29, 2024, through April 2, 2024.

 

What will not be available during the Digital Banking conversion?
During the brief conversion period, you will not have access to online and mobile banking, mobile deposits, and Online Bill Pay.  

You will still be able to use your credit card and debit card as usual, transfer funds between accounts using our self-service ATM locations, and make withdrawals using our self-service ATM locations.

 

What should I do before the conversion?
To ensure a seamless transition, please confirm we have your most up-to-date contact information on file. We also recommend downloading or printing a year’s worth of statements for your records, as your transaction history prior to the conversion date will not transfer over. Also make a note of all current Online Bill Pay payees, as you will need to re-enroll in Online Bill Pay after the conversion.

 

Will I need to set up my accounts again after the conversion?
Yes, you will need to register with CU1’s Digital Banking on or after April 2, 2024. The process is simple, and you will just need your Last Name, Date of Birth, Zip Code, Social Security Number and Email Address to start the process.

Once you have set up your Digital Banking account, you will be able to access Online Bill Pay within the platform, where you can enroll in Online Bill Pay and set up your desired payees.

 

Merger FAQs for Midwest Carpenters and Millwrights Federal Credit Union (MCMFCU) Members

Why is Midwest Carpenters and Millwrights Federal Credit Union (MCMFCU) merging with Credit Union 1?
We want to bring our members the best value as a primary financial institution and provide the necessary products and services to help them reach their financial goals. Credit Union 1 offers the technology and systems that address our members’ needs. Additionally, CU1’s strong core values give the leadership team and board of directors confidence that our membership will experience a much-needed upgrade in quality of service, which is a challenge in this current economic climate. Our credit unions are like-minded, and we strongly believe that a partnership will benefit members and employees of both institutions.

 

Who is Credit Union 1?
Credit Union 1 has more than sixty years of experience helping families and communities reach their economic potential. And we have our eye on the next sixty years, as we continue to evolve and innovate to find new ways to offer our members high-quality, low-cost financial products and services and a modern banking experience.

CU1 was founded in 1958 with an original base membership of personnel from Chanute Air Force Base in Rantoul, Illinois. We have since grown into a billion-dollar-plus financial institution, but our priorities remain the same—helping families and communities succeed financially.

To learn more about what drives us and our commitment to diversity and inclusion, visit our About Us page.

 

What is the merger process and timeline?
Our regulators, the National Credit Union Administration (NCUA) and Illinois Department of Financial and Professional Regulation (IDFPR), have both approved our merger plans. Now that the membership has voted to merge with CU1, our first legal day as a combined organization will be December 31, 2023.

 

How will MCMFCU members benefit?
A merger will provide the resources to better serve your financial needs through industry-leading technology, new products and services, and highly competitive rates. We want to be your first choice for a primary financial institution. 

We understand the pride that comes with banking with MCMFCU and there are many ways MCMFCU's identity will be preserved after the merger. Credit Union 1 will expand our Board of Directors to include a seat for a MCMFCU board member. Member-facing staff will continue to serve carpenters in the ways MCMFCU always has, and the branch will keep its unique atmosphere that represents carpenter service.

 

Will my accounts continue to be insured?
Your accounts will continue to be federally insured just as they are today through the National Credit Union Share Insurance Fund, which is backed by the full faith and credit of the U.S. Government and managed by the National Credit Union Administration (NCUA).

 

Will I still receive personalized service?
The reason our two credit unions are pursuing this merger is to better serve MCMFCU members. Credit Union 1 strives to provide premium service and you will continue to receive personalized service as you do today.

 

Will the merger affect membership eligibility?
MCMFCU’s field of membership will be incorporated with Credit Union 1’s field of membership after the merger effective date December 31, 2023.

 

Will the MCMFCU branch in Hobart remain open?
Credit Union 1 plans to keep the branch in Hobart open upon the merger effective date of December 31, 2023. Credit Union 1 has 15 branches in Illinois, Indiana, Nevada, and Georgia. In addition to CU1’s branches, members will also have access to CU1’s robust Digital Banking platform, along with access to the CO-OP shared branch network and CO-OP surcharge-free ATM network.

 

Can I use Credit Union 1 branches now?
You can continue to use MCMFCU’s branch. We cannot begin integrating the operations of the two credit unions until after the merger effective date of December 31, 2023. MCMFCU’s members will be notified as soon as the additional branches are connected.

 

Can I use Credit Union 1 ATMs now?
Credit Union 1 ATMs are available for anyone to use; however, we cannot begin integrating the operations of the two credit unions until after the merger effective date of December 31, 2023, so you may incur a fee until that time. Once the merger is effective, you will have access to all Credit Union 1 ATMs at no charge along with more than 30,000 CO-OP surcharge-free ATMs nationwide.

 

Will my account number change?
Your account number will remain the same for the time being. More information will be provided after the merger effective date of December 31, 2023. 

 

Will the routing number change?
MCMFCU will retain our current routing number for the time being. After the merger effective date of December 31, 2023, and the conversion of systems occurs, you will then use your Credit Union 1 account number and routing number for automatic debits or credits.

 

Will my online/mobile banking change?
You will continue to use MCMFCU’s online/mobile banking until the merger effective date December 31, 2023. Once the conversion of systems occurs, you will then use Credit Union 1’s Digital Banking platform and highly rated mobile app. Banking anytime, anywhere has never been simpler.

 

Will my debit card still work?
You will continue to use MCMFCU’s debit card. MCMFCU members will be issued a Credit Union 1 Visa® Debit Card to use once the conversion of systems occurs.

 

Will my recurring transactions be affected?
You will continue to use MCMFCU’s account information until the merger effective date December 31, 2023. Once the conversion of systems occurs, you will need to notify each business of your new Credit Union 1 account number and Credit Union 1’s routing and transit number.

 

Will the terms of my existing MCMFCU accounts change?
Until the merger effective date December 31, 2023, none of your account terms will change. Whether or not they will change after the merger effective date depends on the type of account.

Loans | Your existing loan contract will remain in effect until the loan is paid off.

Share Certificates | The terms of your existing share certificate will remain in effect until the maturity date.

Savings & Checking | Rates and terms on these accounts are subject to change at the time of the merger date.  You will receive a CU1 Membership Agreement and Account Disclosures before the merger date.

 

What if I have additional questions?
We are here to answer your questions! Don’t hesitate to contact MCMFCU at (800) 543-5785.

 


 

A Message From CU1’s CEO


 

Credit Union 1 is celebrating 65 years of helping individuals, families and communities reach their financial goals.
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