Who can  join MUNA Federal Credit Union?


There are MANY ways you can be a member! See if you qualify under one of the following categories:


1. You live, work (or regularly conduct business in), worship, or attend school in, and businesses and other legal entities located in Lauderdale County, Mississippi.


2.  You are a member of record of MUNA Federal Credit Union as of March 12, 1997.


3. You are the spouse of a person who died while within the field of membership of this  credit union; or are a person who retired as a pensioner or annuitant from the above employment; employee of this  credit union; member of their immediate families; and/or organizations of such persons.


What is a credit union?


A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members.  Many credit unions also provide services intended to support community development or sustainable international development on a local level.


What is the difference between credit unions and other financial institutions?


Credit unions differ from banks and other financial institutions in that those who have accounts in the credit union are its members and owners, and they elect their board of directors in a one-person-one-vote system regardless of their amount invested.  Credit unions see themselves as different from mainstream banks, with a mission to be “community-oriented” and “serve people, not profit.”


Credit unions offer many of the same financial services as banks, but often using a different terminology.  Common services include share accounts (savings accounts), share draft accounts (checking accounts), credit cards, share term certificates (certificates of deposit), and online banking.  Normally only a member of a credit union may deposit or borrow money.  Surveys of customers at banks and credit unions have consistently shown a significantly higher customer satisfaction rate with the quality of service at credit unions.  Credit unions have historically claimed to provide superior member service and be committed to helping members improve their financial situation. 


MUNA's History


Originally, MUNA FCU was chartered in June 1962 as Meridian Naval Federal Credit Union and was for active military, retired military, and civil service Team Members affiliated with the Naval Auxiliary Air Station at Meridian. In October 1993, the name was changed to MUNA Federal Credit Union to reflect the uniting of the Meridian and Navy communities. In March of 1997, NCUA allowed us to change our charter to begin serving Team Members, residents and

business within Lauderdale County as a community credit union. MUNA Federal has continued to serve this area for over 40 years. We have 20 years of experience in successfully providing checking privileges for our members.


The credit union has grown from the original 10 charter members to more than 5,000 members. This diverse group began with retired and active military, retired and active U. S. Civil Service Team Members, contractors for NAS Meridian, and expanded to include Lauderdale County businesses and residents. Families of each member (anyone related by blood or marriage) also became a part of our membership base. We have members who have relocated since joining and we have met the challenge of providing services to our members who live throughout the United States and worldwide.