Great Wisconsin Credit Union

Great Wisconsin Credit Union
Company typeCredit union
IndustryFinancial services
FoundedSeptember 14, 1935 (1935-09-14)
Defunct2008 (2008)
FateMerged
SuccessorSummit Credit Union
Headquarters
Madison, Wisconsin
,
United States
Number of locations
9 (until merger)
Websitegreatwisconsincu.org
Footnotes / references
[1][2]

Great Wisconsin Credit Union, formerly known as CUNA Credit Union until 2005, was a credit union that was founded on September 17, 1935, in Madison, Wisconsin. The credit union had been started to serve employees of the CUNA Mutual Group and the local community. By 2007, Great Wisconsin Credit Union had approximately 46,000 members and 428 million dollars in assets.[2] As of 2008, the credit union had a total of nine locations throughout Wisconsin.[1] The credit union became defunct in 2008, after a merger with Summit Credit Union.

History

Summit Credit Union merger

On November 29, 2007, Great Wisconsin Credit Union announced a merger with Summit Credit Union under the Summit name.[3] Several months later, on March 17, 2008, Great Wisconsin Credit Union and Summit announced that the merger was cleared by the National Credit Union Administration and the Wisconsin Department of Financial Institutions.[4] The merger was finalized, and took place in the Fall of 2008. This resulted in the creation of the largest credit union in the state of Wisconsin with over 1.1 billion dollars in assets.[5][6]

See also

References

  1. ^ a b "Great Wisconsin Credit Union". Bloomberg Businessweek. Archived from the original on January 18, 2013. Retrieved December 31, 2011.
  2. ^ a b "Merging Credit Unions Agree on KnowledgePortal360 to Facilitate Transition". July 21, 2008. Retrieved December 31, 2011.
  3. ^ Gores, Paul (November 30, 2007). "Biggest Credit Union planned". Milwaukee Journal Sentinel. Retrieved December 31, 2011.
  4. ^ "Summit, Great Wisconsin credit union merger wins approvals". American City Business Journals. March 17, 2008. Retrieved December 31, 2011.
  5. ^ Gores, Paul (July 25, 2010). "Summit ascends to No. 1 in state | Credit union climbs to top through mergers, business growth, plans to continue". Milwaukee Journal Sentinel. Retrieved December 31, 2011.
  6. ^ "Economy Watch". The Capital Times. June 6, 2009. Retrieved December 31, 2011.