Our History

MPS Credit Union was formed for the sole purpose of providing financial services to our owner-members. MPS Credit Union was created in 1928 when a small group of postal workers got together and opened the credit union doors for business. In January 1930 the credit union was chartered under the state charter as Miami Postal Service Credit Union.

MPS Credit Union has grown from those early years into a highly competitive credit union offering a variety of products and services to our members. We offered checking accounts long before most credit union’s our size and in 1994, and we were one of the first credit unions to have a website. Our field of membership is open to anyone who lives, works or worships in Miami-Dade, Broward, Palm Beach, Martin, St. Lucie or Monroe Counties.

At MPS Credit Union, each voice is heard since it is our job to see that we are offering the best quality services for our members. Our Volunteer Board of Directors and professional management team works hard to ensure MPS Credit Union is Better than a Bank®.

Our Philosophy

MPS Credit Union is a not-for-profit, member owned financial cooperative. A $5 deposit into a savings account is a "share" in the Credit Union, which means you become a member owner of our credit union.

Since MPS Credit Union is not-for-profit, it is managed for the sole benefit of our members and offers many financial services at better rates and fees than other financial institutions. Profits are returned to members in the form of higher savings rates, lower loan rates, and lower fees.

Credit unions have two ongoing philosophies that we abide by:

• The first — people, helping people — goes back to the origin of credit unions, formed by groups of people with a common bond who wanted an alternative to traditional banking services. By pooling their money, they were able to achieve higher savings rates and lower loan rates.
• The second — once a member, always a member — has been a part of our credit union's charter since the beginning. Whether you move, retire or change employment, you remain a member of MPS Credit Union, provided you maintain your $5 deposit in your member savings account.

Our Mission Statement 

MPS Credit Union's mission is to provide accessible and affordable financial products and services to our members and local underserved communities, empowering individuals and improving their lives through financial literacy, collaboration, and innovation. We aim to be a trusted partner in their financial journey.