University of Wisconsin Credit Union

University of Wisconsin Credit Union Overview

University of Wisconsin Credit Union, operating under the name UW Credit Union, is located in Madison, WI. As of 12/2019, UW Credit Union employed 950 individuals.

For the year ending 12/2019, UW Credit Union generated $177.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $135.2m during the year ending 12/2019. While expenses have increased by 11.7% per year over the past 5 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 41 individual grants totaling $2,835,310. 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

2019

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 FASTEST-GROWING HOME PURCHASE FINANCING LENDERS AND FALLS WITHIN THE TOP TEN IN WISCONSIN AMONG ALL MORTGAGE LENDERS. UWCU ASSISTED OVER 4,000 HOUSEHOLDS WHO PURCHASED OR REFINANCED HOMES. THE CREDIT UNION CONTINUES TO BE A RESOURCE FOR FIRST TIME HOME BUYERS OFFERING EDUCATIONAL SEMINARS TO POTENTIAL HOME BUYERS. UWCU CONTINUED TO BE A TOP EDUCATIONAL LENDER IN 2019 AND OFFERED BOTH FIXED AND VARIABLE RATE PRIVATE STUDENT LOANS. UWCU REFINANCED OVER $27 MILLION IN STUDENT LOANS, LOWERING MEMBERS' RATES.


IN 2019, UWCU WELCOMED 36,274 NEW MEMBERS AND OPENED 26,568 NEW CHECKING ACCOUNTS. THE CREDIT UNION'S HONEST AND STRAIGHTFORWARD BUSINESS PRACTICES CONTINUE TO DRIVE MEMBERSHIP AND RELATIONSHIP GROWTH. AT THE END OF 2019, UWCU SERVED OVER 278,000 MEMBERS AND OVER 214,000 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 RESPONSIBLY, 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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University of Wisconsin Credit Union Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director (partial Starting June 2019)
$0

University of Wisconsin Credit Union Vendors

Vendor Name (Service)Compensation
Encore One Llc
Janitorial Services
$390,120
Adam Albrecht The Weaponary
Consulting
$403,093
Adams Outdoor Advertising
Advertising
$599,785
Wisconsin Sign And Graphics Llc
Signage And Grapics
$372,547
Adrenaline Llc
Consulting
$584,648
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$154,127,432
Investment income $11,306,522
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$13,689
Net Gain/Loss on Asset Sales $12,378,584
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $177,798,849

University of Wisconsin Credit Union Grants Awarded

Over the last fiscal year, University of Wisconsin Credit Union has awarded $1,343,536 in support to 10 organizations.

Grant RecipientAmount

MADISON COMMUNITY FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: Community Outreach

$550,000

UNITED WAY OF DANE COUNTY

Org PageRecipient Profile

Madison, WI

PURPOSE: Community Outreach

$381,640

FILENE RESEARCH INSTITUTE

Org PageRecipient Profile

Madison, WI

PURPOSE: Community Outreach

$250,000

UNIVERSITY OF WISCONSIN FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: Community Outreach

$53,500

BOYS AND GIRLS CLUB OF MILWAUKEE INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: Community Outreach

$25,000

MADISON COLLEGE FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: Community Outreach

$25,000
View Grant Profile

University of Wisconsin Credit Union Peer Organizations

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