The bank was established in the year 1958, MEUCB was formed to provide a safe, efficient and service oriented repository of savings of the community and to provide need based credit at reasonable rates of interest. MEUCB is regarded as one of the well-run banks in the comity of Co-operative Sector Banks in the country. The bank offers home loan, agricultural loans, vehicle loans etc
It has been our constant endeavor to bring a sharper focus to the requirements of our customers. The Bank will continue its endeavors in providing high quality services to its customers.
Purpose – For the construction of house, purchase a plot to construct a house, buy a ready built house or buy one under construction, the loan even helps one to build an extension to his/her existing house ,repairs and upgradation, etc.
Eligibility – The home loan is offered to all the shareholders of the bank
Intertest Rates – The following are the interest rates at which the bank offers loan to its customers
| Slab | Interest |
| Upto and inclusive of Rs. 50,000/- | 13 % |
| Rs. 50,001/- to Rs.2,00,000/- inclusive | 13.5 % |
| Rs. 2,00,001/- to Rs.5,00,000/- inclusive | 14 % |
| Rs. 5,00,001/- to Rs.10,00,000/- inclusive | 14.5 % |
| Rs.10,00,001/ and above | 15 % |
Repayment – For promt repayment 1% rebate is given.
Penal Interest – 2 %