- Agency
- Montana Credit Unions for Community Development
- Type
- Nonprofit
- Phone
- 406-442-9081, 800-745-5546
- Application Period
- Income Limit
Montana Credit Unions for Community Development (MCUCD) is a statewide nonprofit organization working together with Montana’s credit unions to improve the lives and financial independence of all Montanans.
Montana Credit Unions for Community Development (MCUCD) is a statewide nonprofit organization working together with Montana’s credit unions to improve the lives and financial independence of all Montanans.
Images & PDFs
Comprehensive Capital Improvements Plan - Park County
A plan detailing infrastructure improvements in Park County, Montana, including transportation, utilities, and public buildings.
View Full ImageState of Montana Consolidated Plan
The consolidated plan outlines strategies and resources available through the Montana Department of Commerce to assist individuals experiencing financial hardships.
View Full ImageImpact Reports
Breaking the Stigma: The Impact of Community Assistance Programs
5/20/2020 | Coverage: national
An exploration of how community assistance programs help individuals overcome stigma and achieve financial independence.
Source: Urban Institute
Coverage Area: national
Montana's Community Development Financial Institutions: Impact on Local Economies
11/1/2021 | Coverage: state
A comprehensive analysis of the effects of Community Development Financial Institutions (CDFIs) in Montana, focusing on financial aid and community improvement.
Source: CDFI Fund
Coverage Area: state
Rising Costs and the Need for Community Support Programs
1/12/2023 | Coverage: national
This report discusses the correlation between rising living costs and the increasing reliance on community support programs across the U.S.
Source: National Community Reinvestment Coalition
Coverage Area: national
The Role of Credit Unions in Economic Development: A Case Study of Montana
3/15/2022 | Coverage: state
This report examines how credit unions in Montana support economic development by providing accessible financial services to underserved communities.
Source: Montana Department of Financial Institutions
Coverage Area: state
Program Timeline
Establishment of Montana's Financial Literacy Program
5/20/2021The program was launched to promote financial education among credit union members and the broader community.
Strengthening Access to Capital for Small Businesses Act
12/10/2016Legislation was passed to improve access to capital for small businesses through community development credit unions.
Implementation of the American Recovery and Reinvestment Act
3/30/2009This act included provisions to support credit unions and expand access to financial services during the economic recession.
Introduction of the Community Development Financial Institutions Fund
1/1/1998The CDFI Fund was established to promote economic revitalization and community development through investment in community development financial institutions.
Establishment of the Montana Credit Unions for Community Development
7/1/1984The formation of the Montana Credit Unions for Community Development aimed to provide financial services to underserved communities in Montana.
FAQ
To become a member of a Montana credit union, you typically need to meet certain eligibility criteria which may include living, working, or worshiping in a specific area or organization. Once you meet these criteria, you can apply for membership by filling out an application form and providing identification and other required documents.
Here is a checklist to help you prepare for membership:
- Check your eligibility criteria based on the credit union's guidelines.
- Gather required documents (e.g., ID, proof of residence).
- Fill out the membership application form.
- Submit your application to the credit union.
- Make an initial deposit if required.
Completing these steps will help ensure a smooth membership process.
Reference: https://www.mtcu.org/membership
Montana credit unions offer a variety of loan types, including personal loans, auto loans, home equity loans, and mortgages. Each credit union may have different terms, rates, and conditions, so it's beneficial to compare offers from multiple institutions to find the best option for your needs.
Here are some action items to consider when looking for a loan:
- Research different credit unions in Montana to compare loan offerings.
- Check your credit score to understand what rates you may qualify for.
- Gather necessary financial documentation (income, debts).
- Apply for pre-approval to gauge your loan options.
- Review loan terms carefully before committing.
Taking these steps can help you secure a loan that fits your financial situation.
Reference: https://www.mtcu.org/loans
Loan terms and availability are subject to credit union policies and regulations.
