University Of Wisconsin Credit Union

Organization Overview

University Of Wisconsin Credit Union, operating under the name Uw Credit Union, is located in Madison, WI. As of 12/2021, Uw Credit Union employed 1,026 individuals. Uw Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Uw Credit Union generated $216.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $150.4m during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Uw Credit Union has awarded 54 individual grants totaling $5,939,397. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE UNIVERSITY OF WISCONSIN CREDIT UNION IS A FEDERALLY INSURED FINANCIAL INSTITUTION THAT PROVIDES CONSUMER FINANCIAL PRODUCTS AND SERVICES TO MEET THE MONEY MANAGEMENT GOALS OF ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UWCU IS ONE OF WISCONSIN'S LARGEST HOME PURCHASE FINANCING LENDERS AND IS AMONG THE TOP MORTGAGE LENDERS IN WISCONSIN. UWCU ASSISTED NEARLY 10,000 HOUSEHOLDS WHO PURCHASED OR REFINANCED HOMES. UWCU CONTINUED TO BE A TOP EDUCATIONAL LENDER IN 2021 AND OFFERED BOTH FIXED AND VARIABLE RATE PRIVATE STUDENT LOANS. UWCU REFINANCED $20 MILLION IN STUDENT LOANS, LOWERING MEMBERS' RATES.


IN 2021, UWCU WELCOMED 37,290 NEW MEMBERS AND OPENED 32,474 NEW CHECKING ACCOUNTS. THE CREDIT UNION'S HONEST AND STRAIGHTFORWARD BUSINESS PRACTICES CONTINUE TO DRIVE MEMBERSHIP AND RELATIONSHIP GROWTH. AT THE END OF 2021, UWCU SERVED OVER 310,000 MEMBERS AND NEARLY 244,000 CHECKING ACCOUNTS.


UWCU CONTINUES TO FOCUS ON DELIVERING FINANCIAL SERVICES IN A TRUSTWORTHY MANNER. UWCU CONTINUES TO PROVIDE CREDIT CONSULTATION SERVICES, WHICH IS A FREE SERVICE THAT BENEFITS ANY MEMBER. MEMBERS CAN MEET WITH A FINANCIAL SPECIALIST TO REVIEW THEIR CREDIT REPORT, BETTER UNDERSTAND THEIR CREDIT SCORE, OR RESEARCH OPTIONS TO LOWER RATES ON EXISTING LOANS. UWCU OFFERS A STUDENT LOAN REFINANCE PRODUCT WHICH ALLOWS MEMBERS TO REFINANCE MULTIPLE LOANS INTO ONE WITH A LOW RATE AND ONE EASY PAYMENT. UWCU OFFERS LOW-LIMIT, LOW-RATE CREDIT CARDS FOR YOUNG ADULTS TO HELP THEM BUILD THEIR CREDIT RESPONSIBILITY, AND AFFORDABLE NO ANNUAL FEE SECURED CREDIT CARDS FOR MEMBERS WHO NEED TO REPAIR THEIR CREDIT. UWCU OFFERS AN OVERDRAFT LINE-OF-CREDIT PROTECTION WITH NO ANNUAL FEE. MEMBERS HAVE FREE ACCESS TO THEIR CREDIT SCORES THROUGH WEB BRANCH.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Adams Outdoor Advertising
Advertising
$647,788
Bdo Usa Llp
Consulting
$478,724
Adam Albrecht The Weaponry Llc
Consulting
$304,076
Adrenaline Llc
Consulting
$912,755
Quality Mortgage Services Llc
File Review Services
$306,108
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$167,460,386
Investment income $6,231,711
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $268,520
Net Gain/Loss on Asset Sales $42,564,012
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $216,524,629

Grants Awarded

Over the last fiscal year, University Of Wisconsin Credit Union has awarded $778,970 in support to 6 organizations.

Grant RecipientAmount

MADISON COMMUNITY FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: COMMUNITY OUTREACH

$500,000

UNITED WAY OF DANE COUNTY INC

Org PageRecipient Profile

Madison, WI

PURPOSE: COMMUNITY OUTREACH

$157,559

UNIVERSITY OF WISCONSIN FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: COMMUNITY OUTREACH

$67,500

COMMUNITY SHARES OF WI

Org PageRecipient Profile

Madison, WI

PURPOSE: COMMUNITY OUTREACH

$33,705

UWM FOUNDATION INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: COMMUNITY OUTREACH

$12,000

UNITED WAY OF GREATER MILWAUKEE & WAUKESHA COUNTY INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: COMMUNITY OUTREACH

$8,206
View Grant Profile

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Advocate North Side Health Network
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