Today & Tomorrow
Today, MCT proudly continues to serve our community through the Seven Cooperative Principles for Credit Unions:
1. Voluntary Membership
Credit unions are voluntary cooperatives operating as not-for-profit institutions with volunteer board of directors.
2. Democratic Member Control
Cooperatives are democratic organizations owned and controlled by their members, one member one vote, with equal opportunity for participation in setting policies and making decisions.
3. Members’ Economic Participation
Members are the owners. As such they contribute to, and democratically control, the capital of the cooperative.
4. Autonomy and Independence
Cooperatives are autonomous, self-help organizations controlled by their members. If the cooperative enters into agreements with other organizations or raises capital from external sources, it is done so based on terms that ensure democratic control by the member and maintains the cooperative autonomy.
5. Education, Training and Information
Cooperatives provide education and training for members, elected representatives, managers and employees so they can contribute effectively to the development of the cooperative.
6. Cooperation Among Cooperatives
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, state, regional, national, and international structures.
7. Concern for Community
While focusing on member needs, cooperatives work for the sustainable development of communities, including people of modest means, through policies developed and accepted by the members.
These seven principles are founded in the philosophy of cooperation and its central value of equality. AT MCT, we believe in this philosophy and work hard daily to bring the best possible services to our members and our community.