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  • Teachers Credit Union Wisconsin Membership

    • Teachers Credit Union is headquartered in Beloit, Wisconsin and has been serving members since 1934.
    • Manages $32,119,703 in assets and serves 2,115 members.

    Membership: Eligibility offered for specific groups in Wisconsin and Illinois.

  • Southern Lakes Credit Union Membership

    • Southern Lakes Credit Union is headquartered in Kenosha, Wisconsin has been serving members since 1935.
    • Manages $110,698,739 in assets and serves 9,869 members.

    Membership: If you live or work in specific Wisconsin and Illinois counties.

  • Heartland Credit Union Membership

    • Heartland Credit Union is headquartered in Madison, Wisconsin and has served members since 1936.
    • 19th largest credit union in Wisconsin, managing $615.25 Million in assets and serving over 36,000 members.
  • Blackhawk Community Credit Union Membership

    • Blackhawk Community Credit Union is headquartered in Janesville, Wisconsin and has been serving members since 1965
    • Manages $797.36 Million in assets and serves over 45,000 members.

    Membership: Live or work in designated Wisconsin and Illinois counties.

  • Marine Credit Union Membership

    • Marine Credit Union is headquartered in La Crosse, Wisconsin and has been serving members since 1949.
    • 14th largest credit union in Wisconsin, managing $1.05 Billion in assets and serving over 78,000 members.

    Membership: Anyone who lives, works, or worships in specific Wisconsin, Minnesota, Iowa, and Illinois Counties.

  • Verve Credit Union Membership

    • Verve, a Credit Union is headquartered in Oshkosh, Wisconsin and has served members since 1938.
    • 13th largest credit union in Wisconsin, managing $1.49 Billion in assets and serving over 63,000 members.

    Membership: Live, work, or worship within the designated membership area or are immediate family members of an existing member.

  • Casebine Community Credit Union Membership

    • Casebine Community Credit Union is headquartered in Burlington, Iowa and has been serving members since 1949.
    • Manages $30.38 Million in assets and serves over 3,000 members.

    Membership: Live or work in specific Iowa and Illinois Counties.

  • Ascentra Credit Union Membership

    • Ascentra Credit Union is headquartered in Bettendorf, Iowa and has served members since 1950.
    • 11th largest credit union in Iowa, managing $529.76 Million in assets and serving over 43,000 members.

    Membership: Living or working in one of the Iowa and Illinois counties served makes you eligible.

  • Dupaco Credit Union Membership

    • Dupaco Community Credit Union is headquartered in Dubuque, Iowa and has been serving members since 1948.
    • 3rd largest credit union in Iowa, managing $3.19 Billion in assets and serving over 162,000 members.

    Membership: You are eligible to join Dupaco if you live or work within the charter area or have an immediate family member who is a Dupaco member.

  • Consumers Credit Union Membership

    • Consumers Credit Union is headquartered in Gurnee, Illinois and has been serving members since 1930.
    • 5th largest credit union in Illinois, managing $3.42 Billion in assets and serving over 219,000 members.

    Membership: Pay a one-time, non-refundable $5 fee to the sponsor, the Consumers Cooperative Association.

  • Connexus Credit Union Membership

    • Connexus Credit Union is headquartered in Wausau, Wisconsin and has been serving members since 1935.
    • 4th largest credit union in Wisconsin, managing $5.43 Billion in assets, serving over 461,000 members.

    Membership: Eligibility includes affiliation to an association or group or those who live and work in specific counties in WI, MN, IL, and OH.

  • BCU Membership

    • BCU is a member-owned financial cooperative providing savings, checking, loans, and other financial services.
    • Illinois’s 4th largest credit union has assets totaling $4.31 billion and provides banking services to more than 272,000 members.

    Membership: Living or working in one of six community charter counties in Illinois and Wisconsin.

  • State Farm Federal Credit Union Membership

    • State Farm Federal Credit Union is a not-for-profit, member-owned financial cooperative providing financial banking services.
    • The 3rd largest credit union in Illinois, with assets totaling $4.76 Billion and serving more than 124,000 members.

    Membership: Membership in the Credit Union is open exclusively to U.S. State Farm employees, agents, and retirees.

  • Landmark Credit Union Membership

    • Landmark Credit Union is a member-owned financial cooperative providing banking services, including savings, loans, and other financial services.
    • The largest credit union in Wisconsin, with assets totaling $5.1 Billion and serving more than 362,000 members.

    Membership: All persons living, working, worshipping, or attending school in Southern and Northeastern Wisconsin, plus Lake and McHenry Counties in Illinois.

  • GreenState Credit Union Membership

    • Green State Credit Union is a member-owned financial cooperative providing banking services, including savings, loans, and other financial services.
    • The largest credit union in Iowa, with assets totaling $6.66 Billion and serving over 229,000 members.

    Membership: Those who live or work in Iowa or a county in Illinois, Wisconsin, Nebraska, or South Dakota that borders Iowa are eligible for membership.

  • Citizens Equity First Credit Union (CEFCU) Membership

    • Citizens Equity First Credit Union is a member-owned financial cooperative providing banking services, including savings, and loans.
    • The 2nd largest credit union in Illinois with assets totaling $6.79 Billion and serving over 352,000 members.

    Membership: Individuals living or working in certain Illinois and California counties.

What is a Credit Union?

Credit unions are not-for-profit financial cooperatives offering many banking products and services. These include:

  • Checking
  • Savings
  • Money Market
  • Certificates
  • Car Loans
  • Personal Loans
  • Credit Cards
  • Mortgages
  • Debit cards
  • Direct deposit and other electronic transfers
  • Online banking and bill pay
  • Mobile banking and deposit via an app
  • Investment services, insurance, and more.

As financial cooperatives, credit unions exist for the mutual benefit of their members. In fact, you’re a member, not a customer, when you bank with a credit union.

Read more: Learn All About Credit Unions

Why Join a Credit Union

Credit unions offer competitive interest rates.

Credit unions are highly competitive when it comes to savings rates and interest rates on loans and credit cards. This is due to the lower cost of operations and the tax exemptions that allow them to invest profits back into the membership.

Credit unions are democratically governed.

This means you get a voice, and elections are based on a one-member, one-vote philosophy. As a credit union member, your participation is vital. Make your voice heard at your credit union by communicating and attending the annual member events.

Credit unions are regulated and insured.

Credit unions are highly regulated financial entities, and federally chartered credit unions are supervised by the National Credit Union Administration (NCUA), an independent federal agency that regulates, charters, and supervises federal credit unions. State-chartered credit unions are regulated by the state for which they operate.

Differences between credit unions and banks

Because of their not-for-profit structure, making profits for shareholders isn’t a goal. Profits are reinvested into the membership to grow financial offerings and support members.

Like other not-for-profit organizations, some credit unions enjoy federal tax exemptions, allowing them to offer better rates on savings accounts, lower rates on loans, and little or no fees. It’s also important to understand that credit unions pay other types of taxes, such as state, sales, and payroll taxes. They contribute taxes back into the community for which they serve.

How to Join a Credit Union

There are thousands of credit unions all across the United States. This means you have plenty of choices.

Each credit union has membership eligibility requirements. You’re eligible to join a credit union because of where you live, work, worship, attend school, or are related to an existing member.

Here are the steps to join a credit union.

Step 1: Find a Credit Union

You can search the marketplace to find a credit union in your state. There is a good chance you’ll meet the eligibility requirements for membership.

Step 2: Verify Your Membership Eligibility

Review the requirements listed in the description of each credit union. You’ll notice they’ll have eligibility listed, such as:

  • having family belonging to a local credit union
  • living in a particular area
  • working for a company
  • belonging to a group
  • a member of a church
  • student or alumni of a school
  • or even by joining an association when you apply

Step 3: Open Your Membership Account

Credit unions allow you to apply for membership online or by visiting the local branch. To verify your identity, bring your valid ID and proof of address.

Most credit unions require a membership share account that establishes your relationship.

You must have this share account to become a “member-owner” of the credit union. Additionally, this share deposit is “locked in” and cannot be used for the entirety of your membership.

Each credit union has a specific membership share deposit requirement. It’s often between $5-$50.

*Note: Once you close your credit union membership, you get back the share deposit.

Step 4: Make Use of Your Credit Union Membership

After becoming a member-owner, you’re eligible to open accounts at the credit union. It’s good to know that credit unions often use different names for the same products you’ll find at banks. For instance, they might refer to checking accounts as “share draft accounts.”

Most importantly, “Once a member, always a member.”

Once you’ve joined a credit union, you’re a member for life. You can keep your credit union even if you move out of your city, leave a job, or change churches or associations.

With convenient online services and mobile apps, it is easy to keep your membership going. And once you’re a member, you can invite your immediate family to join, too.

Remember, you’re a member-owner, so do more with your credit union.

Your participation is vital to the credit union’s success. That means using more of your credit union’s banking services, loans, and other services. The revenues made from these services help the cooperative cover its expenses, grow its offerings, and remain financially stable.

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