The Friendlier Financial Choice
What is a Credit Union?
A credit union is a non-profit organization made up of a group of people who join together to save money and to make loans to each other at fair rates of interest. A credit union is organized by people of a particular group to share a common bond such as members of the same employer, church or community group. Credit Unions provide their members a secure place to save and a source of reasonably priced credit. Credit unions also have a social mission: to teach members about the value of savings and the wise use of credit.
By Pooling Resources
Both knowledge and money, members help themselves and each other achieve economic and social advancement. Credit unions assist people of modest means to take control of their financial destiny. All members are equal owners of the organization and have equal privileges, opportunities and responsibilities. Each member has one vote in the election for committee members and board of directors.
Who Can Join?
- Any individual associated with the health care industry in Brown County.
- Employees of St. Vincent Hospital, an immediate family member or any other eligible person.
- Employees of Prevea, an immediate family member or any other eligible person.
- Employees and Associates of medical services organization in Green Bay, an immediate family member or any other eligible person.
- Employees of the credit union, an immediate family member or any other eligible person.
- Any organization or association if a majority of the share holders, partners, member or owners are eligible for membership.
- Any trust if a majority of person, settlers, trustees, and beneficiaries are eligible for membership. To become a member and take advantage of a full line of services, you must open and maintain a regular share (savings) account. You can do this by making at least a $25.00 deposit into a share (savings) account. Not sure if you qualify for membership? Call (920) 432-4353 for help.
How We Began
Wisconsin Medical Credit Union was started by Mr. Leland Clark who had worked with Mrs. Leonard Hearden on Payroll and Personnel. Mr. Clark thought it would be a good way for employees to help other employees.
After several meetings with Mr. Ed Muehlenberg, concerning By-Laws and a charter, a meeting was held on June 3, 1965. 59 People were in attendance. Mr. Muehlenberg, who was a representative of the Wisconsin Credit Union League, was chosen to act as chairman of the meetings.
Leland Clark was elected Secretary pro term.
Mr. Muehlenberg explained that the By-Laws and charter had been approved by the commissioner of Credit Unions.
49 members belonged to the Credit Union that evening in 1965, with a total share balance of $295.00 and there had been no loans.
