| Type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1931 |
| Headquarters | Madison, Wisconsin, USA |
Key people | Paul J. Kundert, President and Chief Executive Officer[1] |
| Products | Savings; checking; consumer loans; mortgages; credit cards; investments; online banking |
| Total assets | $4 billion USD[2] |
Number of employees | More than 700[3] |
| Website | uwcu.org |
The University of Wisconsin Credit Union (doing business as UW Credit Union) is a credit union headquartered in Madison, Wisconsin. As of 2019, UW Credit Union has more than 290,000 members with $4 billion in assets and is the fourth largest credit union in the state of Wisconsin.[4][5] UW Credit Union currently operates 28 full-service branches in Madison, Milwaukee, Whitewater, Green Bay, La Crosse, Oshkosh, and Stevens Point, Wisconsin. It also provides over 100 surcharge-free ATMs in Wisconsin. UW Credit Union provides an array of financial services including educational loans, mortgages, consumer loans, checking, savings and investment products, credit and debit cards. UW Credit Union also offers financial technology services such as Web Branch (online banking), Mobile App, online bill payment, automated phone banking system, direct deposit, and money transfers.
History
Founded in 1931 by six University of Wisconsin–Madison professors in the basement of the UW Student Housing Bureau, it was originally known as the University Faculty Credit Union (UFCU). In 1970, the name was changed to the University of Wisconsin Credit Union.
Membership eligibility
UW Credit Union membership is open to students, faculty, staff, and alumni of the University of Wisconsin System, including all 26 campuses and the University of Wisconsin–Extension—as well as their immediate family and households. Likewise, Edgewood College and Madison College students, faculty, staff, alumni are eligible to join. Current and former employees of UW Health, the Wisconsin Interscholastic Athletic Association, Covance Clinical Research Units, and members of the community that live, work or attend school within 5 miles (8 km) of a branch are also welcome to be members.
Membership is also available to any Wisconsin resident who is enrolled or has attended an accredited institution of higher education nationwide.[6]
References
- ^ "UW Credit Union Governance". Retrieved December 31, 2009.
- ^ http://www.uwcu.org/news
- ^ http://www.uwcu.org/news
- ^ Gores, Paul (August 18, 2011). "New UW Credit Union branch will be built". Milwaukee Journal Sentinel. Retrieved December 31, 2011.
- ^ "News | UW Credit Union | UWCU.org". www.uwcu.org. Retrieved February 10, 2021.
- ^ "Who Can Join | UW Credit Union Membership Eligibility | UWCU.org". www.uwcu.org. Retrieved February 10, 2021.