Who We Are
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What began as the Minneapolis Star Employees Credit Union in 1931 has flourished into Star Choice Credit Union-- a strong, healthy, stable financial institution.
With our rich heritage of newspaper employees, we were able to grow the credit union to where we are today. Because of this growth over the years, we are now able to open our doors to others. Our membership base now includes:
- Anyone that lives, works, worships, attends school, and/or volunteers within Hennepin and Scott County.
- Employees of a company within the information media, advertising, print and/or related services industry.
- Family of current Star Choice members including your spouse, children, siblings, parents, grandparents, aunts, uncles, nieces and nephews.
Today we still carry out the tradition of people-helping-people by building strong financial futures. From your very first car to your retirement account, you can turn to Star Choice for all your financial needs.
HERE'S OUR HISTORY
On June 24, 1931, amidst the Great Depression, seven employees of the Minneapolis Star newspaper pooled $5 each to form the Minneapolis Star Employees Credit Union. Over 80 years later, Star Choice Credit Union boasts nearly 6,000 members and assets exceeding $57 million.
HISTORY OF ALL CREDIT UNIONS
Credit unions were formed in Europe in the mid-1800s in an effort to help the working person with a source of funds for loans. Credit unions started with cooperative principles: people pooled their money to help provide funds for loans and other financial services. This philosophy is still strong in today's credit unions, and it's what makes us different from banks. The democratic nature of a cooperative financial institution allows all members to have an equal voice in the operation of the organization.
The only shareholders we have to please are our members. That's why credit unions consistently offer better rates, lower and fewer fees and great service. So, why join a bank to make a few stockholders rich when you can join a credit union and receive the profits back with better rates and fewer fees.