About Tigers Credit Union

The Tigers Credit Union is the continuation of the Missouri Student Federal Credit Union (MSFCU).  MSFCU was founded in 1984 by a handful of students and professors who felt that Columbia banks did not offer students the quality services they deserved. Since starting out with but a few dozen depositors and account balances kept on index cards, MSFCU had grown significantly.  MSFCU had expanded services well beyond the simple savings account available in the past and had experienced a tremendous growth in asset base and number of member accounts, currently serving over 1000 members. Some of the services offered included draft (checking) accounts, loans, money orders, travelers checks, wire transfers, electronic fund transfers, direct deposit, and ATM access. All students, alumni  of the University of Missouri Columbia, Stephens College, or Columbia College can be members (and family members of those students and alumni). With our convenient location in Brady Commons, we are the ideal financial institution for students and employees of these institutions. As of July 1st, 2006, MSFCU changed its name to Tigers Credit Union and leveraged the size of a partner credit union to once again expand its line of services and offer a better line of financial products to its current members and potential members.

Based on the credit union philosophy, Tigers Credit Union is operated for and by the students of the colleges and universities located in Columbia, MO. Tigers Credit Union is one of approximately 5 student-run credit unions spread across the United States.  Every staff member at  Tigers Credit Union is a student at the University of Missouri, Columbia and with the exception of the President/CEO, and Operations Managers, all of our employees are volunteers. The opportunity to work in an operating financial institution is very valuable to students, especially those in the College of Business.

 Tigers Credit Union is regulated by the State of Missouri's Credit Union examiners, who perform annual examinations of Tigers Credit Union.  The NCUA administers the National Credit Union Share Insurance Fund (NCUSIF), which insures all deposits in Tigers Credit Union up to $100,000 per account. Currently our members are also  covered by ESI (Excess Share Insurance) - an additional $250,000 in federal insurance!

Many people wonder what the difference is between a credit union and a bank. It's really quite simple: a credit union is a not-for-profit organization that's owned by its members, while a bank is a for-profit corporation owned by its stockholders.

In other words, a bank's owners are people who have bought its stock, and who may or may not have accounts there.  But everyone who has an account at a credit union is one of its owners, whether it's a $50 savings account or a $5,000 loan.  This means that Tigers Credit Union exists solely to help these members, and not to make a profit for stockholders. Furthermore, since we are not-for-profit and have limited membership, credit unions don't have to pay taxes.  We are able to pass these savings along to you.

At Tigers Credit Union, our employees are both students and members, just like our other account holders.  We try our hardest to make sure that you get exactly what you need, and that you get it at a much better price than you could at a bank.  That's the credit union difference, or as we like to say, it means that a credit union is a place where people are worth more than money.