Wisconsin’s credit unions have a positive impact on Wisconsin families, businesses, local organizations, and the economy. This is because of their unique structure as not-for-profit, member-owned cooperatives driven by a people-focused mission.
“Encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.”
– Wis. Stats. § 186.01(2)
Whether it’s helping a member escape predatory lending, rebuild credit, weather an illness, save for a home, or simply be given a second chance, credit unions are uniquely equipped to provide a lifeline when other financial institutions can’t or won’t.
While tacking the uncertainty and evolving needs of members in 2020, David shares how keeping the credit unions’ commitment to their community remained a top priority.
For Cathie, the success and growth of her credit union means more opportunity to serve their communities.
Credit unions work to improve the lives of all their members. For domestic abuse victims facing extra challenges, Jeremy’s credit union created a program to answer the call.
Cathie’s credit union turned passion for financial literacy into a unique partnership with Marta at Junior Achievement and the local technical college.
$43 billion in deposits
$36.4 billion in loans
$5 billion in business loans
10,348 credit union employees
$419 million in Mortgage Extensions
$708 million in Consumer Loan Extensions
$109,000 in fees waived
$18 million in 0% low interest/emergency loans
(average loan size of $4,303)
$1 billion in Business Loan Extensions
$435 million in PPP & SBA loans
(average PPP loan $40,958)
$6.7 million in cash contributions to community partners
refinanced payday loan
debt obtained elsewhere
granted a loan of
$500 or less
average lowest credit score
provided a loan
NO fee ATMs and Branches – nearly 30,000 no fee ATMs and 6,000+ no fee branches for members through cooperative, nationwide shared branching networks.
$6.7 million raised, in total, for local charities, community projects, and civic groups, along with countless volunteer hours
Numbers courtesy of CUNA Economics & Statistics, 2020 Survey of Wisconsin Credit Union League Members, National Credit Union Administration 5300 Call Report Data, and Co-op Financial Services.