Med Park logo

Med Park in Grand Forks, ND

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Med Park Credit Union is a member-owned financial institution exclusively serving healthcare professionals with tailored savings, checking, loans, and investment products.

Data compiled from public sources

Med Park Review

Med Park Credit Union operates as a not-for-profit, member-owned credit union focused on the unique financial needs of healthcare professionals including nurses, doctors, and medical administrators. The institution emphasizes understanding the unpredictable schedules and specific financial challenges faced by those working in the medical field, positioning itself as a listed alternative to traditional banks. Their service offerings include share savings accounts, share draft checking accounts, share certificates, club savings accounts, personal loans, and investment products designed with medical professionals in mind. Member deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government through NCUA insurance.

Med Park Credit Union provides a range of account types tailored to healthcare workers: Share/Savings accounts with quarterly dividends ($25 minimum deposit to establish membership), Share Draft/Checking accounts with no minimum balance, rate claims to verify on Share Certificates/CDs with fixed returns, and listed Club Accounts including Christmas Club savings. They offer loans with what they describe as "rate claims to verify" and a lending philosophy they market as having "a healing touch." The credit union also provides online and mobile app access, electronic bill pay, debit card functionality, and personalized account solutions. Their marketing emphasizes relationship-building and financial education alongside traditional transaction services.

The credit union differentiates itself through exclusive focus on the healthcare sector, recognizing the specific scheduling challenges of medical professionals who work variable hours. They highlight member testimonials from nurses, doctors, and medical administrators dating back to 2018, suggesting an established track record. Their profile context centers on understanding the healthcare community's unique demands rather than offering generic financial services. The institution positions itself as providing "secure and supportive account experience" with staff trained to understand medical professionals' financial situations.

Based on available website information, Med Park Credit Union appears to be a legitimate, federally-insured credit union with standard offerings. However, specific details about loan APRs, exact dividend rates, membership eligibility requirements beyond healthcare profession, physical branch locations, and comparative fee structures are not disclosed on their homepage. The website content focuses heavily on marketing messaging rather than detailed product specifications, which is typical for credit union homepages but limits transparency on actual terms.

Services & Features

Christmas Club account with annual dividend posting
Electronic bill pay services
Investment and wealth-building products for long-term savings growth
Member financial education and wellness resources
Online and mobile banking application access
Personal loans with competitive rates marketed as healthcare-focused
Personalized financial account consultation and planning
Share Certificate/CD accounts with fixed rates locked for specific terms
Share Draft/Checking account with no minimum balance and monthly dividends
Share/Savings account with quarterly dividends ($25 minimum deposit for membership)
Visa debit card access for withdrawals and purchases

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • NCUA federal insurance protecting deposits up to $250,000 with backing of full U.S. Government faith and credit
  • No minimum balance requirement for Share Draft checking accounts with monthly dividends
  • Flexible mobile and online banking access designed for healthcare professionals with unpredictable schedules
  • Personalized service model with staff trained to understand healthcare sector-specific financial needs
  • Multiple savings vehicles including quarterly-dividend savings accounts, fixed-rate share certificates, and specialty club accounts
  • Member-owned cooperative structure meaning profits benefit members rather than external shareholders
  • Competitive loan rates with approval process reportedly faster than traditional banks

Cons

  • Website does not disclose specific APR rates for loans, making rate comparison impossible
  • Dividend rates for savings and checking accounts not published on homepage, requiring direct contact for current terms
  • Membership eligibility appears limited to healthcare professionals, excluding general consumers
  • No information provided about physical branch locations, ATM network access, or service area geographic limitations
  • Limited transparency on loan products, terms, and qualification requirements compared to competitor websites

State Consumer Finance Context

This is state-level context for Credit Unions consumers in Grand Forks, ND. It does not confirm that Med Park or this specific location is licensed.

State regulator

North Dakota Department of Financial Institutions

Key state rules to check

  • Payday loans capped at $500 with maximum fee of $20 per $100 borrowed.
  • Maximum loan term is 60 days.
  • Rollovers are allowed but lender must offer a payment plan after extended use.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Med Park offer?

Med Park offers 11 services including Share/Savings account with quarterly dividends ($25 minimum deposit for membership), Share Draft/Checking account with no minimum balance and monthly dividends, Share Certificate/CD accounts with fixed rates locked for specific terms, Christmas Club account with annual dividend posting, Personal loans with competitive rates marketed as healthcare-focused, and 6 more.

What profile signals are listed for Med Park?

Med Park has profile signals associated with Nurses and clinical healthcare workers seeking flexible banking around unpredictable shift schedules, Physicians and medical doctors wanting listed financial services understanding their income patterns, Healthcare administrators and medical facility staff looking for community-focused banking relationships.

What are the strengths and weaknesses of Med Park?

Key strengths: NCUA federal insurance protecting deposits up to $250,000 with backing of full U.S. Government faith and credit; No minimum balance requirement for Share Draft checking accounts with monthly dividends; Flexible mobile and online banking access designed for healthcare professionals with unpredictable schedules. Areas to consider: Website does not disclose specific APR rates for loans, making rate comparison impossible; Dividend rates for savings and checking accounts not published on homepage, requiring direct contact for current terms.

How does Med Park compare to similar companies?

In the Credit Unions category, comparable providers include Area Community, Fargo Public Schools, Northern Valley. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Founded
1965
Headquarters
Grand Forks, ND
BBB Accredited
No
Certifications
NCUA Insured Charter #62593
Visit Med Park

CreditDoc Profile Note

Research Note on Med Park

Med Park Credit Union is profile signals for healthcare professionals (nurses, doctors, medical administrators) seeking banking services from an institution that explicitly understands their scheduling demands and financial lifecycle. The primary caveat is that specific loan terms, current dividend rates, and product details are not transparently published on their website, requiring direct contact to evaluate actual competitiveness against other credit unions and banks.

Profile Signals

  • Nurses and clinical healthcare workers seeking flexible banking around unpredictable shift schedules
  • Physicians and medical doctors wanting listed financial services understanding their income patterns
  • Healthcare administrators and medical facility staff looking for community-focused banking relationships
Updated 2026-05-14

Similar Companies

Area Community logo

Area Community

Area Community Credit Union is a member-owned, not-for-profit credit union in Grand Forks, North Dakota serving over 2,500 members with $25 million in assets since 1958.

BBB: NR

Profile signals: Grand Forks residents and workers within 50 miles seeking low-fee checking and savings accounts, Individuals prioritizing member-owned financial institutions with community roots and voting rights

Fargo Public Schools logo

Fargo Public Schools

Fargo Public Schools Federal Credit Union is a member-owned, not-for-profit financial institution serving the Fargo Public Schools community since 1934 with rate claims to verify and personalized banking.

BBB: NR

Profile signals: Fargo Public Schools employees and their families seeking personalized member-owned banking, Community members wanting to support a local, not-for-profit financial cooperative

Northern Valley logo

Northern Valley

Member-owned federal credit union founded in 1936, offering auto loans, recreational vehicle financing, home equity lines, and mortgage services to its members.

BBB: NR

Profile signals: Members seeking competitive auto and recreational vehicle financing with rates tied to creditworthiness, Homebuyers or current homeowners interested in mortgage services and home equity lines of credit

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Quick Summary

  • Med Park is listed as a Credit Unions provider in Grand Forks, ND on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

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