Marine Credit Union Explained

Marine Credit Union
Type:Credit union
Location City:La Crosse, Wisconsin
Location Country:United States
Industry:Financial services
Services:Full service banking
Assets:$1,000,000,000

Marine Credit Union is a member-owned financial cooperative headquartered in La Crosse, Wisconsin, which serves more than 90,000 members across Wisconsin, Iowa and Minnesota.[1]

Marine Credit Union was founded in 1949 as a credit union in Fond du Lac, Wisconsin for the employees of Mercury Marine, and has since merged with or acquired over thirty financial institutions.[2] In 2017, the credit union notably acquired five Bank Mutual branches,[3] and in 2018 acquired ten Old National Bank branches.[4] As of 2019, the credit union has more than 400 full-time employees.

Marine Credit Union Foundation

The Marine Credit Union Foundation was formed in 2006 and is a non-profit 501(c)(3) organization. The foundation provides financial assistance and promotes financial literacy within member communities.[5] Its Finding Home program helps financially challenged borrowers improve their credit and qualify to finance a house.[6]

Notes and References

  1. Web site: Company Overview. Marine Credit Union. en. 2020-05-27. 2020-04-24. https://web.archive.org/web/20200424105007/https://www.marinecu.com/company-overview/. live.
  2. Web site: 2019 Annual Report. 2019. Marine Credit Union. 2020-05-26. 2023-06-09. https://web.archive.org/web/20230609013129/https://www.marinecu.com/wp-content/uploads/2020/02/2019_AnnualReport_Spreads.pdf. live.
  3. Web site: Marine Credit to buy five Bank Mutual branches. La Crosse Tribune. en. 2020-05-27.
  4. Web site: Old National sale of 10 bank branches to Marine Credit Union passes hurdle. Newman. Judy. Wisconsin State Journal. en. 2020-05-27.
  5. Web site: Marine Credit Union Foundation. Marine Credit Union. en. 2020-05-27. 2020-04-24. https://web.archive.org/web/20200424030612/https://www.marinecu.com/mcufoundation/. live.
  6. Web site: Finding HOME Financial Literacy Program. Marine Credit Union. en. 2020-05-27.