A message from the President: COVID-19

Dear Member,

Here at PFCU, we care about the safety and wellness of our members as well as our employees.  As the COVID-19 (coronavirus) situation evolved, we have implemented best practices as recommended by the CDC and will continue to closely monitor the CDC recommendations.  To best protect everyone's health and wellness, we will be temporarily closing our lobbies effective Thursday, March 19, 2020.  We will continue to offer full drive-up services at both locations as well as online banking, phone banking, and ATM services.  Loan closings will be available by appointment only.  These actions will help protect PFCU's membership as well as the community at large.

If you are experiencing financial hardship, please contact one of our loan officers, we are here to help.  Our team will continue to provide you with our highest level of service and we thank you for understanding.



Dave Horak



Who We Are

On April 23, 1938, the State of Minnesota chartered the Missabe Employees Credit Union.  The field of membership included the employees of the Duluth, Missabe, & Iron Range Railway (DM&IR) and the employees of the DM&IR Railway Employees Association of the Missabe Division.

The credit union operated out of one room at 226 3rd St in Proctor as a State Chartered Credit Union until October 1970 when it became a Federal Chartered Credit Union known as the Proctor Area Federal Credit Union.  At the time, this 1,200 member; $700,000.00, credit union changed from an employee credit union to a community credit union with a field of membership of the Proctor School District.

In 1978, the credit union constructed a new office at 410 2nd Ave in Proctor where the Proctor Office is located today.

In 1984, the Proctor Area Federal Credit Union assumed the assets and membership of the liquidated Duluth Western Credit Union at 3924 Grand Ave in Duluth.  The resulting combined credit union expanded its field of membership to include west of Lake Ave within the city limits of Duluth.  This combined credit union grew to two locations and $8 million in total assets.

Today, we are still a Federally Chartered Credit Union who is backed by the NCUA.  We are still located in the same two offices, although both have gone through multiple remodels.  Our current field of membership includes everyone who lives, works, goes to school, or worships in Proctor (including the Proctor school district), Duluth, or Hermantown or who has an immediate family member who qualifies for membership.


THIRD PARTY SITE DISCLAIMER - You are leaving Proctor Federal Credit Union website. You are linking to an alternate website not operated by Proctor Federal Credit Union, and Proctor Federal Credit Union is not responsible for the content of the alternate website. The fact that there is a link from Proctor Federal Credit Union website to an alternate website does not constitute endorsement of any product, service, or organization. Proctor Federal Credit Union does not represent either you or the website operator if you enter into a transaction. Privacy and security policies may differ from those practiced by Proctor Federal Credit Union, and you should review the alternate website's policies.

Continue Cancel