Safe and Secure at Madison Credit Union

A letter from the President, Ilene Fritschler

As a Madison Credit Union member and owner, your financial success and security is our first priority. We ensure the safety of your finances through stringent safety protocols, accountability, and federal backing.

MCU is a federally insured credit union offering a safe and secure place to save money. All deposits are protected by the National Credit Union Share Insurance Fund and insured up to at least $250,000 per individual depositor – the same as any other federally insured financial institution.  Credit union members have never lost a penny of insured savings at a federally insured credit union.

The NCUA was created by the U.S. Congress in 1970. It “is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions.”

As a local, not-for-profit financial cooperative, Madison Credit Union is held accountable to its members, not stockholders. Our executive staff meets monthly with our member-elected Board of Directors to review credit union financials and goals. All Board members are MCU members themselves, with a vested interest in the success and security of the credit union. In addition, each Board member must complete a financial education course to ensure their understanding of credit union financials.

Chartered 87 years ago, we continue our commitment to serving our members and our community. Our experienced team is here to help and can answer any questions or concerns you may have. Feel free to reach out to us at anytime at 608-266-4750 or creditunion@madisoncu.com.

You can visit MyCreditUnion.gov for more information about the National Credit Union Share Insurance Fund coverage for consumers.