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Membership Eligibility Membership Application

Benefits of Membership

  • Member-Owned, which means that the members, YOU, control the credit union policy through elections and meetings.  Members elect the board of directors.
  • Not-For-Profit, which allows us to offer better rates and more affordable solutions to personal finances with low cost or even free services.
  • Insured. Your accounts are insured by the US Government, the same as banks.
  • Always a Member. Once you join a credit union, you are always a member.

What is a Credit Union?

A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church.

Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates. Credit unions, like other financial institutions, are closely regulated. And they operate in a very prudent manner. The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, an agency of the federal government, insures savings of credit union members at more than 11,000 federal and state-chartered credit unions nationwide. Savings are insured up to $250,000.

What makes a Credit Union different from a Bank or Savings & Loan?

Like credit unions, these financial institutions accept deposits and make loans—but unlike credit unions, they are in business to make a profit. Banks and savings & loans are owned by groups of stockholders whose interests include earning a healthy return on their investments.

Why join a Credit Union?

Founded on the basic democratic premise of the cooperative movement, credit unions believe that access to low-cost financial services is critical to the health and stability of ordinary citizens. In fact, more than 67 million Americans trust that their credit union will provide the services to improve their financial well-being. Credit union membership offers many benefits. Services offered range from simple savings to home equity loans to IRAs. Study after study has revealed that on average, credit unions provide the best financial offerings with fewer fees, lower rates on loans and higher rates on savings. And credit unions continually score higher than all other financial institutions in consumer satisfaction surveys. Credit unions strive to deliver the best service possible to their most important asset - their members.


You will have access to a variety of savings plans including regular share accounts, club accounts, share draft (checking accounts), Term Share Certificates and IRA accounts.

Loan Services

You can apply for a variety of loan products at competitive rates. The application process is easy, with speedy approvals and no prepayment penalties. (See our rates & fees).

Other Services

As a benefit of credit union membership you will be entitled to take advantage of many of our low cost and no cost services.

Full Service Credit Union Services

Full Service Teller Line, Night Depository, Wire Transfers, Direct Deposit, Payroll Deduction, Online Banking, Online Bill Pay, Mobile Banking, Interoffice Mail and Telephone Transfers.

Ready to Join?

Review Membership Eligibility and complete an online application!

Membership Eligibility

Join MembersFirst CT Federal Credit Union!

First, you need to determine eligibility. You are eligible if you answer yes to any of these questions:

  • Do you live, work or worship in one of the following towns — Meriden, Wallingford, Cheshire, North Haven, North Branford, or Hamden?
  • Are you a relative of someone who is a member? Relatives are defined as parents, children, siblings, and spouses.
  • Are you an employee of one of our SEG Groups?

Next, complete the online membership application.

  • You will be contacted regarding the status of your application.
  • Bring your valid Driver’s License or US Government Issued ID to the Credit Union.
  • Open a Savings Account with an initial deposit of $25 or more.

Congratulations! From this moment on you are a member for life, even if you change jobs or move to a different location.

Business Partner Membership

Membership is not for Schools only!  It’s free to join, and your employees become automatically eligible to join!

It’s easy...

Your business simply applies for membership at no cost to you, the employer. Then your employees are eligible to join - you are essentially providing a free employee benefit!

We submit the request to the NCUA, the Credit Union's regulatory body. The NCUA approves the request usually within 5 days and then the Credit Union's Board of Directors votes on the Field of Membership change at its next monthly board meeting.

Become a Select Business Partner member Today!

Call us at 203-237-6424

Download Application