ROCHESTER, Minn.–Mayo Employees FCU held a groundbreaking ceremony for the upcoming addition to its Cascade Lake campus.
Members of the credit union’s board, staff, as well as representatives from Knutson Construction and RSP Architects were in attendance.
The groundbreaking ceremony is the latest step in MEFCU’s process of building a new structure adjacent to its current Cascade Lake Office to support the credit union’s continuous growth.
When the Cascade Lake Office was built in 2001, MEFCU had just two offices in leased space in Rochester and assets of less than $136 million. The organization said it now serves more than 68,000 member-owners across the US through nine offices located in four states, and assets of over $1.3 billion.
“As the credit union has grown, so has the need for more space. Bringing these two adjacent lots together will allow MEFCU to continue supporting a vast array of products and services for its members and will provide the space needed for even more growth,” MEFCU said. “The new building will house a member education conference center, MEFCU staff, as well as other support departments.”
The anticipated completion date for the new building is Spring 2022.
In addition, MEFCU has also been voted Best Credit Union and Best Wealth Management Company by the Rochester community and surrounding area, as part of Post Bulletin’s “Best of the Best Awards” for 2021.
“There is no greater compliment than receiving positive feedback from those we serve,” stated CEO Mary Hansen. “While I know we have a tremendous team who care deeply about the healthcare community we serve, receiving the Best Credit Union award is such wonderful recognition of the warm, personal service they deliver each and every day. They invest their time and energy into helping our members ensure they are financially well and on the right path for long term financial success. As our members care for their patients, we are here to care for them!”
MEFCU is also a finalist for Best Mortgage Lender in this year’s “Best of the Best” contest.