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Madison Credit Union Share
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Overview Share
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Madison Credit Union is a federally insured state credit union based in Madison, Wisconsin. It has been opened since 1936, for 86 years.

With around $42,980,000 in assets, Madison Credit Union is considered to be an average size credit union.

About Share
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Address 949 E. Washington Avenue
Madison, Wisconsin 53703
Website http://www.madisoncu.com
Phone (608) 266-4750
Fax (608) 266-4510
CEO Ilene Fritschler
President of the Board Michael Van Erem
Services Offered
Score Card Share
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86 years
Years in business
Opened in 1936
Well Capitalized
Net worth classification
Source: NCUA
3,399 members
Membership type: State chartered natural person credit union
Average number of members
400:1
Credit union member to staff ratio
400 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$42,979,090
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 5 in Wisconsin
Average number of branches
0.08%
Savings interest rate
Compared to 0.3% nationally
16.95%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 5 in Wisconsin
Average number of branches
Madison Credit Union Branch Locations

Madison Credit Union
949 E. Washington Avenue
Madison, Wisconsin 53703
No ATM
Members Share
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3,399 members
Membership type: State chartered natural person credit union
Average number of members

With 3,399 members, the Madison Credit Union is considered to be a medium size credit union. It is larger than 48% of credit unions.

Fees Share
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$67
Average fee per member
The average fee per member at the Madison Credit Union is $67, which is high compared to most credit unions. This rate is higher than 64% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Madison Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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400:1
Credit union member to staff ratio
400 per each FTE employee
Compared to 411:1 nationally
Average number of staff
8 staff members
FTE (full-time equivalent)
30% of employees are part-time
7 full-time, 3 part-time

Madison Credit Union has 7 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 70% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Madison Credit Union has around 400 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets Share
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$42,979,090
Total assets
Average size
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
9.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$10,084
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 50% of credit unions.

Madison Credit Union holds a total of $19,670,000 in loans and leases, which is about $10,084 per member on average.

Savings interest rate Share
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0.08%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Madison Credit Union pays 0.08%.

Loan rates Share
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16.95%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
15.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
13.90%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.24%
New car loan rate
Compared to 4.0% nationally
3.74%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.99%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.24%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.