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The Credit Union

Membership

  • If you are an employee or elected official of the City of Madison, Madison Metropolitan School District or the County of Dane
  • If you live or work in Dane County
  • If you are immediate family (parent, spouse or child) of a MCU member, or you are a relative living in the same household as a member.

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Madison Credit Union

1936

City Employees Credit Union (CECU) was formed in Madison, WI by Madison Mayor James R. Law and Water Department Superintendent Leon Smith. National Credit Union pioneer Roy Bergengren was a friend of Mayor Law and had a strong influence on the building of City Employees Credit Union.

1945

Madison School Employees Credit Union merges with CECU.

1974

Madison Motor Coach (Madison Metro) Credit Union merges with CECU.

1985

CECU moves to 324 South Hamilton Street. After 50 years of service, CECU operated from various offices in City Hall. As membership and assets grew, staff grew from one part-time treasurer-manager to one, and then two, full-time staff members. Eventually the credit union outgrew available space and moved to Hamilton Street.

1992

CECU moves to 949 East Washington Avenue and opens a branch in the Madison Municipal Building. Membership expands to anyone working within a one-mile radius of any CECU.

1996

CECU opens a shared branch at 3801 East Washington Avenue and expands its charter to anyone working or living in Dane County.

2002

Madison Police Credit Union merges with CECU.

2004

CECU changes its name to Madison Credit Union (MCU) in an effort to grow membership. Members voted to change the name to attract new members from the surrounding neighborhoods and communities.

2011

MCU Celebrates 75 years of service. In 75 years, the products and services the credit union offers has evolved, but the mission remains the same: not for profit, not for charity, but for service. As we’re member owned, locally operated credit union, MCU remains a financially strong institution dedicated to the service of our members’ financial needs.

2015

MCU expands its charter to include anyone who lives or works in Dane or any of the contiguous counties (Dane, Columbia, Dodge, Green, Iowa, Jefferson, Rock, Sauk, or Walworth).

2017

MCU names its new president, Ilene Fritschler, former VP of Operations.