Wisconsin Credit Unions: Secure and Strong

More than 2 million Wisconsinites trust credit unions with their savings because they’re:

Federally insured

Just as the FDIC does for banks, the National Credit Union Share Insurance Fund (NCUSIF)* insures a member’s savings up to at least $250,000. Coverage may be higher if the member has a combination of individual, joint, trust, payable-on-death and other types of accounts. Separate coverage of up to $250,000 covers individual retirement accounts. To determine insurance coverage, NCUA provides an insurance estimator. And for more on federal share insurance, see the NCUA brochure “Your Insured Funds” available at your credit union.

More people are saving at credit unions!

Savings at Wisconsin credit unions increased by 26.11% during the first quarter of 2009.

Not-for-profit credit unions typically offer higher savings rates than banks. See the comparison.

NCUA Share Insurance TV Ad Campaign

with Jane Bryant Quinn

View Ad (Windows Media version - "right click" to save)

Video Ad on YouTube

How do credit unions differ from banks?

Dan Mica, President of Credit Union National Association, talks about the credit union difference and how credit unions effectively served their members during hard times.

View video

Member-owned

Unlike for-profit banks that are in business to return profits to stockholders, credit unions are in business to serve members regardless of profit. Because they are member-owned, everything credit unions do is in the best interest of their members. And the boards of directors of credit union, elected from within their membership, are always looking first and foremost to ensure the safety and security of member funds.

Well capitalized

Wisconsin credit unions’ capital ratio of 9.69% is well above the 6-7% regulators consider "adequate." That means credit unions have the financial strength to weather even a challenging year.

Tightly regulated

Regulators routinely scrutinize each individual credit union’s performance to ensure the institution is financially sound and meeting members’ needs.

* The NCUSIF is administered by the National Credit Union Administration (NCUA), an agency of the federal

government, and is backed by the full faith and credit of the U.S. government. In the history of the fund, not one penny of insured savings has ever been lost by a member of a federally insured credit union.