About Us

Can you imagine a time in this nation’s past when it was impossible to secure a “small loan” of money unless you were willing to borrow from a small loan company at rates from 36 percent interest up to 100 percent interest?

Thirteen forward-thinking postal employees of the Duluth Post Office got together to discuss an idea they had heard about whose time had come. While that day, May 13, 1926 was filled with rain and fog, it was not enough to dampen the spirits of those men. Before adjourning later that night those 13 pioneers had laid the groundwork for this area’s first credit union – there were only two others in Minnesota – an institution that was to grow and prosper as the Duluth Federal Employees Credit Union (DFECU).

Duluth Post Office employees on the Federal Building steps in 1929

Duluth’s old Federal Building, the birthplace of your Credit Union


In 1995 Diamond Tool Credit Union merged with DFECU and in 1999 Duluth Medical Services Credit Union merged as well. Because of this rapid growth DFECU evolved to become Share Advantage Credit Union. As the credit union grew so too did our services and since 2009 we proudly serve all persons who live, work, worship or attend school, and businesses and other legal entities located in the cities of Duluth, Hermantown, and Proctor Minnesota.

The new Federal Building became the home of DFECU for many years.

Duluth Police officers escort Duluth’s First Air Mail to the Post Office in 1931

Their motto was “Not for profit, but for service”. To this very day our dedication to service, integrity and trust is a salute to those men, their vision and is also our guarantee to you, the member.