We are a small credit union with a big heart.
We understand that building a financially strong community starts with building a financially strong person. Staying true to our motto, Big Enough to Serve… Small Enough to Care, we hope to offer the tools and inspiration that our members need to reach their financial goals. Our approach treats each member as a person, listening to what they need, and providing them with the solution that works best for them.
Here for our members
Since 1936, Madison Credit Union, first known as City Employees’ Credit Union, has served the financial needs of our community.
Born from the aftermath of the Great Depression, Madison Credit Union was started by nine City Employees, including the then mayor, James R. Law and Water Department Superintendent, Leon Smith.
Those first nine members pooled their own money and started giving out loans to city employees and their families who were deemed ‘unqualified’ by banks.
Terms of loans were set according to a member’s ability to repay; in some cases that was just $1 at a time. Despite the hard times of the depression, members always tried to repay their loans. Delinquency was almost unheard of because we believed in our members and our members believed in us.
All the first transactions were completed out of the 42nd Mayor’s office until a dedicated City Employees’ Credit Union office was set up in the CCB building in room 103A.
The City Employees’ Credit Union grew in membership with city employees and through mergers, with the Madison School Employees Credit Union in 1945, with the Madison Motor Coach (Madison Metro) Credit Union in1974, and with the Madison Police Credit Union in 2002. In 2004, based on neighborhood requests, City Employees’ Credit Union members voted to change the name to Madison Credit Union.
Today we still carry that mutual trust and respect with our members. We make meaningful connections with our members, learning each member’s story so that we can best serve their financial needs.
Although the products, services, and name have changed through the years, our mission has not changed: Big enough to serve, small enough to care.
Here for our community
Our deep roots in the local community continue to grow by helping local families through charitable actions.
We are continuous supporters of the Wil-Mar Neighborhood Center, the Goodman Community Center, Second Harvest Food Bank, and the River Food Pantry. We are yearly volunteers at many of the city events including Ride the Drive and city park’s Earth Day Challenge.
We are also loyal supporters of Madison Parks Foundation, The Salvation Army, The Luke House, Children’s Hospital of Wisconsin, Susan G. Komen Breast Cancer Foundation, Children’s Miracle Network, and Shop with a Cop.
