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Marine Credit Union

From Wikipedia, the free encyclopedia
Marine Credit Union
Company typeCredit union
IndustryFinancial services
Founded1949 (1949)
Headquarters,
United States
ServicesFull service banking
Total assets$1,000,000,000[citation needed]
Websitewww.marinecu.com

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.[3]

Marine Credit Union Foundation

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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]

References

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  1. ^ "Company Overview". Marine Credit Union. Archived from the original on 2020-04-24. Retrieved 2020-05-27.
  2. ^ "2019 Annual Report" (PDF). Marine Credit Union. 2019. Archived (PDF) from the original on 2023-06-09. Retrieved 2020-05-26.
  3. ^ a b "Marine Credit to buy five Bank Mutual branches". La Crosse Tribune. 4 April 2017. Retrieved 2020-05-27.
  4. ^ Newman, Judy (29 September 2018). "Old National sale of 10 bank branches to Marine Credit Union passes hurdle". Wisconsin State Journal. Retrieved 2020-05-27.
  5. ^ "Marine Credit Union Foundation". Marine Credit Union. Archived from the original on 2020-04-24. Retrieved 2020-05-27.
  6. ^ "Finding HOME Financial Literacy Program". Marine Credit Union. Retrieved 2020-05-27.