Cause IQ organization profile

UW Credit Union

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

UW Credit Union is a credit union based in Madison, WI that was founded in 1931. As of 2019 they had $150 million in revenue and $2.8 billion in assets.

The mission of University of Wisconsin Credit Union (uwcu) is to encourage thrift among its members, to create a source of Credit at a fair and reasonable rate of interest, to provide an opportunity for its members to improve their economic and social...

Previous legal names or variations of their name include: University Of Wisconsin Credit Union.

EIN:
39-0671465
City:
State:
Website:
Founded:
1931
Type:
501(c)(14)
NTEE:
Revenue:
$150,872,115
Assets:
$2,819,644,184
Employees:
751
Fiscal year end:
December
Revenue trends:
Asset trends:

Program areas at UW Credit Union

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 3,000 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 and a $1,000 closing costs offer for first time home buyers. UWCU continued to be a top educational lender in 2018 and offered both fixed and variable rate Private Student Loans. UWCU refinanced over $29 million in student loans, lowering members' rates.

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.

In 2018, UWCU welcomed 34,610 new members and opened 25,586 new checking accounts. The Credit Union's honest and straightforward business practices continue to drive membership and relationship growth. At the end of 2018, UWCU served over 259,000 members and nearly 202,000 checking accounts.

Form 990s for UW Credit Union

Fiscal year endingDate received by IRSFormPDF link
2018-12Jan 10, 2020990View PDF
2017-12Dec 22, 2018990View PDF
2016-12Oct 12, 2017990OView PDF
2015-12Jan 20, 2017990OView PDF
2014-12Jan 14, 2016990OView PDF
...and six more Form 990 PDFs

Financials for UW Credit Union

Field2018
Total grants, contributions, etc.$0
Program services$135,052,497
Investment income and dividends$8,661,389
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-19,331
Net gain from sale of non-inventory assets$7,177,560
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$150,872,115

Vendors for UW Credit Union

VendorServicesAmount paidDate
KimbiaFundraising software2020-03-02
███████ ███ ████Fundraising software; Payment processing2020-03-02
██████ ███Audit accounting2019-12-31
█████████ ████ █████████ ███████Insurance; Contract Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Valuation (appraisals, etc.), Participant loan processing, Participant communication$31,2902019-12-31
██████ ███████ ████Insurance2019-12-31
██ █████████ ██████████ ████Insurance agent or broker$1592019-12-31
████████ █████████ █████████ █Insurance agent or broker$24,2762019-12-31
████ █████████ █████ ███Insurance agent or broker$532019-12-31
...and nine more vendors

Personnel at UW Credit Union

NameTitleCompensationMost recent data
Paul KundertPresident and Chief Executive Officer$2.0 millionDec. 31, 2018
Brad McClainExec Vice President and Chief Financial Officer$370,589Jan. 10, 2020
████ ████Exec Vice President and Chief Commercial Officer$287,529Dec. 31, 2018
████ ████Vice President of Information Technology$229,012Dec. 31, 2018
████ ██████Vice President and Controller$195,858Dec. 31, 2018
████ █████████Vice President of E - Commerce$200,802Dec. 31, 2018
█████ ████Vice President of Mortgage Lending$206,005Dec. 31, 2018
███ ███████Exec Vice President and Chro$248,611Dec. 31, 2018
███ ███ █████Exec Vice President and Cmso$292,201Dec. 31, 2018
██████ █████████Director of Investment Services$234,110Dec. 31, 2018
...and 13 more key personnel

Peer credit unions

 NameTypeRevenueLocation
1Community First Credit Union501(c)(14)$126 millionNeenah, WI
2Verve a Credit Union501(c)(14)$56 millionOshkosh, WI
3WESTconsin Credit Union501(c)(14)$83 millionMenomonie, WI
4Landmark Credit Union501(c)(14)$191 millionNew Berlin, WI
5Royal Credit Union (RCU)501(c)(14)$131 millionEau Claire, WI
6Capital Credit Union501(c)(14)$72 millionGreen Bay, WI
7Marine Credit Union501(c)(14)$63 millionLa Crosse, WI
8Summit Credit Union501(c)(14)$153 millionMadison, WI
9CoVantage Credit Union501(c)(14)$73 millionAntigo, WI
10Fox Communities Credit Union (FOXCU)501(c)(14)$74 millionAppleton, WI
11Connexus Credit Union501(c)(14)$128 millionWausau, WI
12Educators Credit Union (ECU)501(c)(14)$115 millionMT Pleasant, WI
13Telhio Credit Union (TCU)501(c)(14)$49 millionColumbus, OH
14Suncoast Credit Union501(c)(14)$444 millionTampa, FL
15Alliant Credit Union501(c)(14)$422 millionChicago, IL
16Technology Credit Union501(c)(14)$111 millionSan Jose, CA
17Delta Community Credit Union501(c)(14)$282 millionAtlanta, GA
18Premier America Credit Union501(c)(14)$101 millionChatsworth, CA
19Citizens Equity First Credit Union501(c)(14)$258 millionPeoria, IL
20State Employees Credit Union of Maryland (SECU)501(c)(14)$193 millionLinthicum, MD
21Vantage West Credit Union501(c)(14)$105 millionTucson, AZ
22Virginia Credit Union501(c)(14)$213 millionRichmond, VA
23Wright-Patt Credit Union (WPCU)501(c)(14)$251 millionBeavercreek, OH
24San Diego County Credit Union (SDCCU)501(c)(14)$332 millionSan Diego, CA
25Washington State Employees Credit Union (WSECU)501(c)(14)$186 millionOlympia, WA