Modesto's First FCU was chartered as Modesto Municipal Employees Federal Credit Union (MMEFCU) in July 1940. Beginning in the 1950's Telpaco Modesto Federal Credit Union began sharing office space with MMEFCU, and both credit unions were jointly operated under common management until merging together in January 1999, forming Modesto's First FCU.

Modesto's First FCU is a not-for-profit financial institution and one of the most stable in the county. Modesto's First FCU serves employees of the City of Modesto: employees of AT & T and Lucent Technologies who work in Stanislaus County: employees of Liquid Container in Modesto; and Physicians, their staff and employees of Stanislaus Medical Society. Prior to its closure in 2000, employees of Proctor & Gamble's Modesto plant were in the field of membership.

Modesto's First FCU provides its members with exceptional financial services including low-cost loans and high return share accounts. Plus, because we only serve our own members, we are able to provide the personalized service and attention you'll find lacking in many large financial institutions. At M1FCU, all lending and operating decisions are made right here in the Central Valley, by people who understand the local environment.

In addition, M1FCU is committed to complete member satisfaction. We go to great lengths to provide service with courtesy, professionalism, and care. The attention given to members distinguishes Modesto's First FCU from the other financial institutions.

Because the credit union is a not-for-profit, member-owned cooperative, members have a direct impact on how the organization operates. Members elect a board of directors who serve without compensation and help the operations of the credit union.

Finally, as a federally chartered credit union, M1FCU is strictly regulated by the National Credit Union Administration, an agency of the U.S. government. Further, deposits in M1FCU are insured up to $100,000 by the NCUA.

All this adds up to a financial institution that provides better services in an environment that's second to none.

Loan products offered by Modesto's First include:

• New & Used vehicle loans
• New & Used vehicle equity loans (Consult your tax advisor regarding the deductibility of interest.)
• Credit Union Direct Lending (CUDL)
• Signature loans
• Share (savings) and Certificate secured loans
• Home Equity Line of Credit loans
• Home Equity fixed rate loans
• 1st Mortgage lending through Mortgage Tree Lending

Deposit products offered by Modesto's First include:

• Share (savings) accounts
• Share Certificates accounts, with 6, 12 and 24 month maturities
• Share Draft accounts with the VISA Debit/ATM Card (no monthly fee or per item fee, & no minimum balance! There is a $1 fee for ATM Withdrawals not done at a Co-OP ATM.)

Other Products & Services available to members:

• No-fee Notary service
• No-fee Traveler's Cheques
• Discount tickets to Disneyland 2007, Universal Studios Hollywood, Brenden Theater, Great America, Gilroy Gardens Family Theme Park, Monterey Bay Aquarium and Entertainment Books (available in August).