Where we came from and where we have been.
In 1935, Gold Medal Credit Union was established to serve the employees and families of Gold Medal Flour Mill. Service later expanded in the 1970s to serve all General Mills employees, retirees, and their families. When the credit union became federally chartered in 1992, the name was changed to General Mills Federal Credit Union (GMFCU).
In 2001, General Mills bought the Pillsbury Company. This change paved the way for GMFCU to merge with Pillar Federal Credit Union, which served Pillsbury employees. After the merger was completed March 2002, GMFCU continued to serve all new employees while maintaining membership for anyone served by either credit union in the past.
On October 1, 2014, General Mills Federal Credit Union was re-named Mill City Credit Union and converted back to its roots as a state charter. Along with General Mills employees, retirees and their families nationwide, the credit union expanded to serve individuals who live, work, worship, volunteer or attend school in Carver, Hennepin, Meeker, McLeod, and Wright counties in Minnesota.
On January 1, 2019, Mill City Credit Union and City & County Credit Union started the process of merging our long-standing successful credit unions into one organization. With a combined mission of ‘Empowering you to do more, by doing what’s right every day’, this merger will allow both credit unions to combine our best practices and better serve our members.
Mill City and City County both come from a rich history of cooperation and while each of our stories are unique, our similarities are far greater than our differences. Although all City & County locations will remain branded City & County Credit Union; to best represent the truly collaborative nature of this merger, on January 1, 2019 all Mill City branches will become Mill City a Division of City & County Credit Union. Adopting this co-brand for the Mill City locations unifies us and demonstrates that we are stronger together.
Mill City a Division of City & County Credit Union will continue with the commitment it was founded on in 1935. As a not-for-profit cooperative, earnings are returned to members in the form of higher-interest savings and lower-rate loans. Mill City remains dedicated to empowering our members to do more by doing what’s right every day, while remaining true to the credit union philosophy: to focus on the people, not the profit.