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Co-op Credit Union Wisconsin Info + Review

Co-op Credit Union Wisconsin Info and Review

Co-op credit union Wisconsin is the CU I’ll be focusing on here. We’ll go over important info like their history, membership eligibility, and what types of products they have. This isn’t to be confused with the CU of the same name in Minnesota, see the info and review on that one here.

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We’ll also dig into whether they give back to the community in any way. When you’re finished reading this, you should have a pretty good idea whether or not to put your money there.

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Let’s get to it.

*Routing #: 275977120

*Phone #:  800-258-0023

A Little History on Them

CCU started around the same time that many other credit unions did. Instead of the early 1930s, they were in the late 30s.

They were started by members of the Federation Cooperative in Black River Falls. Basically, since electricity had moved into town, people wanted credit to buy cool stuff.

About 6 months into existing, their total assets were $977 dollars. I really like that they held on to that bit of history. There’s even a neat picture on their website of an old sign that had back then.

Over time, as many credit unions have done, Co-op Credit Union grew and grew into an organization with over 20,000 members today and more than $370 million in assets.

Membership Eligibility at Co-op Credit Union Wisconsin

In order to become a member at CCU, you will need to either work or own property in certain areas of Wisconsin. There are some additional ways you can get in, too.

The areas of WI are Buffalo, Chippewa, Clark, Dunn, Eau Claire, Jackson, La Crosse, Monroe, Pepin and Trempealeau. Anyone who has stock in the Fall Creek Supply Co-op or Augusta Farmers Union Co-op qualifies for membership, too.

There are some other ways to look at here on their website.

Products at Co-op Credit Union Wisconsin

If you’re in the market for personal products, this is the right place for you. It doesn’t look like they have any business offerings here. I don’t think that’s bad, it’s actually better (in my opinion) that they just focus on one thing.

They have checking accounts, money market accounts, debit cards, savings accounts, certificates, and IRAs.

There’s also Health Savings Accounts and Youth Accounts. They can offer you services for managing lost or stolen cards, too.

Co-Op Credit Union Wisconsin has four main checking accounts. Those are FREE Reward checking, FREE Checking, Money Market Account, and Dividend Checking.

The Checking Options

FREE Reward Checking provides a 2.00% APY* if your balance is up to and including $25,000 if requirements are met. Balances over $25,000 get .25% APY*

In order to qualify for the 2.00%, you need a minimum of 12 debit card purchases per qualification cycle, you need to get your monthly statement electronically, have one automatic debit or direct deposit per month, and access your account online at least once a month.

That all seems pretty manageable considering what you get in return!

Their other free account, FREE checking, has no minimum or monthly fees, but it doesn’t pay dividends.

How Co-op Credit Union Wisconsin Gives Back

They give back in a few ways. One, CCU employees gave more than 4,000 hours of work and personal time to volunteering back in 2019. I imagine that number would have increased in 2020 but the pandemic probably reduced the opportunities.

Their employees also donate a lot of personal funds to charitable causes. The actual entity Co-op Credit Union in Wisconsin also gives back financially in the community.

Final Thoughts

You will find a nice home for your money at this Wisconsin CU. They’re just the right size for that community feel while still maintaining hundreds of millions in assets. Their products are competitive with those of bigger CU’s and they also give back to the community in plenty of ways.

Check out Co-op Credit Union Wisconsin at https://www.coopcu.com/ today.

*All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the CU’s website or at the time of opening an account with them.

*This site is not affiliated with the Credit Union mentioned in this article.

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