Midwest Coalition of Labor Credit Union (MCL) Savings & Money Market Rates

How Midwest Coalition of Labor Credit Union (MCL)’s savings rates compare

Compared with banks and credit unions near Chicago, IL-IN, where Midwest Coalition of Labor Credit Union (MCL) has the most branches. $10,000, best rate first.

This credit union’s best
Midwest Coalition of Labor Credit Union (MCL)
0.50%APY
Requires
None
Minimum
$2,000
Earns on $10,000 a year
$50
Money Market
Top rate
Justice Federal Credit Union
4.00%APY
Requires
Monthly account activity
Minimum
$0
Earns on $10,000 a year
$400
Justice Federal Credit Union rates
2nd-highest rate
United Trust Bank
3.90%APY
Requires
None
Minimum
$10,000
Earns on $10,000 a year
$390
United Trust Bank rates

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Savings score

Higher than 43% of U.S. banks and credit unions

By balance

$1,000 balance$1,0000.02%
$10,000 balance$10,0000.50%
$100,000 balance$100,0000.50%
QualifiedQualified0.50%

Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.

How the score works →

Where Midwest Coalition of Labor Credit Union (MCL) ranks

By savings score, in each area where it has branches

Every rate

Current savings rates

Rates from the credit union’s website. Earnings assume the rate doesn’t change.

Money Market

0.50%APY$2,000 to open

Dividends on money market accounts are paid monthly. Dividends may vary due to income and expenses of the Credit Union.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
Any balanceDividends on money market accounts are paid monthly. Dividends may vary due to income and expenses of the Credit Union.Any balance	0.50%	$50	Dividends on money market accounts are paid monthly. Dividends may vary due to income and expenses of the Credit Union.

Sources (1)

mclcu.org/wp-content/uploads/2…ed-Rate-Sheet-9.1.26.pdf · captured Sep 17, 2026

Share Account

0.02%APY$100 to open

Establishes membership at MCLCU. Minimum $100.00 to open and must always remain in your account. Dividends accrue monthly and are compounded and paid quarterly.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
$100 and upMinimum deposit $100.00. Dividends accrue monthly and are paid quarterly. Dividends may vary due to income and expenses of the Credit Union.$100 and up	0.02%	$2	Minimum deposit $100.00. Dividends accrue monthly and are paid quarterly. Dividends may vary due to income and expenses of the Credit Union.

Sources (5)

All captured Sep 17, 2026

Who can join Midwest Coalition of Labor Credit Union (MCL)

This may be incomplete or out of date, so check with the credit union before you apply.

Employers and groups

Union members in good standing or employees of a union included in the Midwest Coalition of Labor (MCL) are eligible for membership.
Members or employees associated with Teamsters Local 731 are eligible for membership.

Family and household

Immediate family members of eligible union members or union employees are eligible for membership.

Cost to join

Each member must open a savings account with an initial deposit of at least $100.00, which purchases one share of the credit union.

Membership information collected October 5, 2026.

Check membership requirements ↗Branches and institution details

← Midwest Coalition of Labor Credit Union (MCL) overview