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.
|Address|| 949 E. Washington Avenue |
Madison, Wisconsin 53703
|President of the Board||Michael Van Erem|
|Services Offered|| |
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.
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.
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.
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.
Madison Credit Union holds a total of $19,670,000 in loans and leases, which is about $10,084 per member on average.
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%.