Metropolitan District Employees' Credit Union, Inc. (MDECU)

The Metropolitan District (MDC) - a public, non-profit municipal corporation - was created by the Connecticut General Assembly in 1929 to provide quality, potable water as well as sanitary sewer and mapping systems for people and businesses in the Hartford area. Additional powers granted the MDC through legislative amendments to its charter to include the development, construction and operation of hydroelectric power facilities and the operation of interim and long-term regional solid waste disposal services in conjunction with the Connecticut Resources Recovery Authority.

The Metropolitan District Employees' Credit Union (MDECU) was founded for and by the employees of the MDC in 1955 to serve the financial needs of its members and their families. In the first quarter of 2004, the field of membership was extended as defined by the General State Statutes TO INCLUDE employees and members of their immediate family, meaning any person related by blood, marriage or adoption.

In 2010, The MDECU bought their own building and relocated to Murphy Road.  The credit union continues to enhance member services with the addition of new services such as mobile banking and e-statements and maintain the same old fashioned standards of quality member service.

The MDECU is governed by a Board of seven Directors.  Each is voted by the general membership to serve a two-year term without compensation, with exception of the Treasurer's position, which has direct responsibility for the daily operation of the Credit Union. Today, the MDECU has over 1,800 members and $22,000,000 in assets.