Field of Membership

Our mission is to work side-by-side for the financial well being of Metropolitan Water District of Southern California and their families.

We support this mission by:

  • Providing exceptional service
  • Focusing on products and delivery channels that innovate
  • Never forgetting our rich tradition of serving this community

Those employed in the Metropolitan Water District of Southern California (MWD) have a great advantage. That’s because MWD Federal Credit Union financial benefits are offered exclusively to MWD employees and their immediate family. (Members of the immediate families of the above which include spouse, parents, siblings, children, step-children, grandchildren, domestic partners, mother-in-law, father-in-law, brother-in-law, sister-in-law, grandparents.) Having served our unique membership since 1956, we’ve learned how to create resources that address your round-the-clock banking needs.

Just like any other business, a credit union must make a profit in order to grow and to continue serving its members. But what we do with any profit is what makes us distinctly different than other types of financial institutions.

Banks are driven by profit to satisfy a select group of shareholders. Credit Unions, on the other hand, are driven by the needs of its member-owners. Simply, when members make deposits, those funds become available for potential member-borrowers. We invest profits into our most valuable asset—our members!

In addition to lower costs and greater benefits, we provide a level of service that is not generally available at other financial institutions. Whether it’s providing a loan to help a member cover unexpected medical bills, making sure you know how to manage your credit, or simply offering a better deal on a used car loan, our business is to make a difference for our members and the communities they serve.

Cooperative Principles for Credit Unions

  • Voluntary Membership: Credit unions are voluntary, cooperative organizations, offering services to people willing to accept the responsibilities and benefits of membership, without gender, social, racial, political or religious discrimination. Members are drawn from defined fields of membership.
  • Democratic Member Control: Credit unions are democratic organizations owned and controlled by its members, one member one vote, with equal opportunity for participation in setting policies and making decisions.
  • Members’ Economic Participation: As the owners, members contribute to, and democratically control the capital of the cooperative. For Credit unions, members recognize benefits in proportion to the extent of their financial transactions and general usage.
  • Autonomy and Independence: Credit unions are autonomous organizations controlled by its members. If the Credit Union enters into agreements with other organizations or raises capital from external sources, it does so based on terms that ensure democratic control by the members.
  • Education, Training and Information: Credit unions place particular importance on educational opportunities for its volunteer Directors and staff. Credit unions also recognize the importance of ensuring the general public and policy makers are informed about the nature, structure, and benefits of cooperatives.
  • Cooperation Among Credit Unions: Credit unions serve its members most effectively and strengthen the cooperative movement by working together through local, state, regional, national, and international structures.

Home Equity
Line of Credit Rate as low as

3.75

%
APR*
New & Used Vehicle
Rates as low as

1.99

%
APR*
Fixed Rate Platinum Visa
Cards as low as

8.90

%
APR*
Personal Loans 
as low as

11.00

%
APR*
New RV Financing
as low as

4.74

%
APY*
Check out all our great rates