Great Wisconsin Credit Union Explained

Great Wisconsin Credit Union
Type:Credit union
Fate:Merged
Successor:Summit Credit Union
Location City:Madison, Wisconsin
Location Country:United States
Locations:9 (until merger)
Industry:Financial services
Footnotes:[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

Notes and References

  1. Web site: Great Wisconsin Credit Union. https://archive.today/20130118150122/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=4539529. dead. January 18, 2013. Bloomberg Businessweek. December 31, 2011.
  2. Web site: Merging Credit Unions Agree on KnowledgePortal360 to Facilitate Transition. December 31, 2011. July 21, 2008.
  3. News: Gores. Paul. Biggest Credit Union planned. December 31, 2011. Milwaukee Journal Sentinel. November 30, 2007.
  4. Web site: Summit, Great Wisconsin credit union merger wins approvals. American City Business Journals. December 31, 2011. March 17, 2008.
  5. News: Gores. Paul. Summit ascends to No. 1 in state Credit union climbs to top through mergers, business growth, plans to continue. December 31, 2011. Milwaukee Journal Sentinel. July 25, 2010.
  6. Web site: Economy Watch. The Capital Times. December 31, 2011. June 6, 2009.