MVFCU is a nonprofit financial cooperative, owned and controlled by our members. Our Board of Directors are volunteers from the community, elected by our members. As a member-owned cooperative we are responsive to member needs. We provide a complete range of financial services that offer convenience and flexibility. Since we are a nonprofit organization, our members save money. Matanuska Valley Federal Credit Union (MVFCU) was chartered December 7, 1948. Credit unions hold the philosophy of “people helping people”, which is why this hometown credit union was established by farming residents of the area. There were 20 members reported the first month with an initial share balance of $395.00. Growth was slow at first and all work was done by volunteers. Through the perseverance and vision of many MVFCU pioneers, the credit union has grown and thrived.