JEFFERSON CITY, Mo. – The Missouri Farmers Union Credit Union, which opened only last May, has won a $50,000 grant from the National Credit Union Foundation to help its start-up efforts as it seeks to serve rural farm families across the state. “We are pleased and honored to be the recipient of this NCUF grant, which has helped develop small credit unions and bolster economic activity,” said Steve Burdic president of MFUCU, which represents the first new CU charter in the state in seven years. MFUCU, with three offices in Missouri, including Jefferson City, Mountain View and Paris, currently has “just under $1 million in assets,” said a spokesman. The CU was founded by the Missouri Farmers Union to bolster economically-depressed rural communities, many of which have become bankless in recent years following bank mergers and branch closings.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.