Membership
Membership in Montana Health Federal Credit Union is open to employees, independent contractors or self-employed persons who work regularly in the health care industry in the 20 counties in the State of Montana and four counties in the State of Wyoming. The Montana counties are Yellowstone, Carbon, Big Horn, Rosebud, Treasure, Musselshell, Golden Valley, Stillwater, Meagher, Park, Sweet Grass, Wheatland, Judith Basin, Fergus, Petroleum, Garfield, McCone, Prairie, Custer, Powder River. The Wyoming counties are Park, Big Horn, Sheridan, and Campbell. Health care employment includes the following:
- Assisted living facilities that provide health care services
- Birthing centers
- Blood, organ and tissue banks
- Emergency medical care
- Health clinics
- Health maintenance organizations (HMO) medical facilities
- Home health care
- Hospices
- Hospitals
- Medical and diagnostic labs
- Medical transcription services
- Nursing homes
- Nursing services
- Offices of chiropractors, dentists, licensed therapists, optometrists, physicians, podiatrists and psychologists
- Pain centers
- Paramedic services
- Pharmacy services
- Rehabilitation centers providing medical treatment or licensed psychological or physical therapy
- Spouses of people who died while within the field of membership of this credit union
- Persons retired as pensioners or annuitants of the above employment
- Volunteers of the above employment
- Organizations of volunteers and employees of the above groups
- Family members of the employees of the above listed groups
- Employees and volunteers of Montana Health Federal Credit Union, and their family members.
A $25 deposit into a Share Savings Account establishes your membership at the Credit Union. Family members are also eligible to join through your membership.
About Us
Montana Health Federal Credit Union was organized and chartered as St. V’s Federal Credit Union in May 1964. Membership was designed to serve the employees of St. Vincent’s Hospital, as well as the employees of the offices of two local area doctors.
In January 1974, two additional healthcare facilities were added: Billings Clinic and Eastern Radiology Associates. In May 1974, Deaconess Hospital requested membership into St. V’s FCU. The charter changes were granted along with a name change to Billings Health Affiliated Federal Credit Union. From there, the board of the credit union actively added additional healthcare and healthcare related facilities, including United Blood Services, St. John’s Lutheran Nursing Home, Hospital Laundry Services, South Central Montana Regional Mental Health Center, and others. In all there are 40 select employer groups currently being served by Montana Health Federal Credit Union, amounting to almost 3300 members.
These employer groups represent a broad range of employees related to the healthcare industry, from the laundry workers and maintenance departments of the largest hospitals in the state of Montana, to pharmacists, doctors, psychologists, and other professionals in private practice.
In October 2007, the board of directors petitioned the NCUA for a name change. The board requested and was granted a name change to Montana Health Federal Credit Union.
In July 2008, Montana Health Federal Credit Union was granted a charter change to a Trade, Industries, and Professions charter. The new charter expands the potential field of membership of the credit union to 20 Montana counties and 5 Wyoming counties. Anyone working in a healthcare profession is eligible to join the credit union.
Core Purpose
Montana Health Federal Credit Union exists to provide a full range of financial services and opportunities for wealth building to the medical community.
Core Values
Compassionate, Ethical, Member-Oriented, Fun, Friendly, Reliable, Competitive.
Envisioned Future
MHFCU is a compassionate, member-oriented $75 million financial cooperative that provides opportunities for financial health and wealth building to members of the Montana Healthcare community and their families through competitively priced financial services delivered by friendly, reliable, fun service providers using the most advanced technology.
Your
savings federally insured to at least $250,000 and backed by the
full faith and credit of the United States Government. National
Credit Union Administration, a U.S. Government Agency
Equal Housing Lender - We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act