We strive to create a high-performance credit union committed to offering our members a competitive advantage on products and service compared to traditional lenders and big banks. Through our commitment to become our members’ primary financial institution, we shall consistently and constantly strive to assist members to attain their personal and professional financial goals with convenience and flexibility. We embrace and encourage volunteerism, educating our members, and community involvement.
MED5 Federal Credit Union began in a small janitor sized closet in the old Bennett-Clarkson Hospital. We started providing financial services and meeting the banking needs of the local Rapid City medical community. Over time, we have grown into a successful financial institution serving not only the Monument Health employees but all Rapid City and Black Hills surrounding areas!
To belong to our credit union, you must first become a member. The only requirement for membership is that you must live, work, or worship within Penington County. That’s it!
As a member, you earn a dividend on your share account. A share account functions like a traditional bank savings account, but our dividend rate usually surpasses what other financial institutions can pay you. Once you become a member, you will remain a member as long as you maintain a share account with us.
Credit unions are non-profit thrift organizations that are member-owned. This means, as a member, you will always have a voice in the credit union’s operations. We have an annual meeting to which each member is invited. Be sure to stay tuned to our Facebook page so you can know when the annual meeting is coming up! Not on Facebook? We’ll also share the information in our quarterly newsletter.
We have a paid staff, although most of our direction comes from our Board of Directors and Supervisory Committee. Our Board of Directors and the Supervisory Committee members consist of well-respected and knowledgeable individuals who donate their time. They are people just like you, elected by our credit union members each year at our annual meeting.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154