University of Wisconsin Credit Union Headquarters Information

University of Wisconsin Credit Union is Madison based credit Union that does business as UW Credit Union.

By August 2016, the credit union had assets with a net worth exceeding $2 billion while membership numbers were in excess of 214,000 members.

This credit union is the fourth largest in the state of Wisconsin and employs around 500 people. The credit union has 23 branches which are located in:

• Madison
• Whitewater
• Oshkosh
• Stevens Point
• Milwaukee
• Green Bay

The bank also has more than 100 ATMs in the state where members can access money without any surcharges. The credit union offers a large number of financial services to members.

History of the Credit Union

UW Credit Union was founded by seven members of the University of Wisconsin with the intention of creating a university based credit union.

The seven submitted the charter application in 1931 and that was when the credit union was established after it had been approved by commissioner of banking.

The bank’s original charter was signed by seven people:

1. Walter Morton
2. Harold Groves – Former student of the university and faculty member in the Department of Economics in 1931.
3. Selig Perlman – Former student of the university and faculty member in the Department of Economics in 1931
4. Ellison Chalmers – Graduate Student
5. Genevieve Townsend – Graduate Student
6. G. Rice, Jr – Law Professor
7. Friedrich Bruns – Professor of German

Following the establishment of the credit union, five of the members who signed the charter were among the credit union’s first board members. Selig Perlman was chosen as the President with W.G. Rice serving as the vice president.

In the beginning the credit union couldn’t afford to employ staff. Therefore, to enable the processing of loan requests, the members were chosen by the board of directors to serve on the credit committee.

The work of the credit committee was to consider the loan requests and prioritize them depending on the availability of funds.

The importance of the credit union would be realized just two months after it was opened. Capital City Bank closed and there were people who couldn’t access their money. The credit union started to approve emergency loans for the affected individuals.

The Headquarters

The headquarters of the credit union are located at 3500 University Ave Madison, WI 53705.

Available Products and Services

University of Wisconsin Credit Union offers a variety of retail banking services including:

• Checking accounts – Personal, Student and Small business
• Credit Cards and Loans – Home loans, Home Equity Loans, credit cards, Vehicle loans, Private Student Loans, personal loans
• Saving solutions – Savings accounts, certifications of deposit, money market accounts, IRAs
• Investment Solutions – Access to stocks, bonds and mutual funds
• Self-directed investments – Employ your own strategy to build your savings or retirement funds.

Members enjoy many other benefits by joining the credit union such as friendly overdraft practices. The bank estimates that it saves its members $10.5 million every year in overdraft fees.

Members can also choose the design of their credit cards. Online banking allows the credit union members to make use of various services at any time regardless of where they are.

University of Wisconsin Credit Union Headquarters Address

3500 University Ave, Madison, WI 53705, USA

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