Marine Credit Union is what I’ll be focusing on here. We’ll dig into important details about this Wisconsin CU like history, membership requirements, and look at/analyze a few of their products. Are you ready? Let’s do it.
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*Phone number: 800.923.7280
*Routing number: 275977489
The website for this Wisconsin CU is pretty standard compared to other credit union websites. If anything, it’s more direct since the landing page is their member login form.
A cornerstone of MCU is giving back. That’s pretty par for the course with a lot of these types of financial institutions, too.
An interesting thing about Marine Credit Union is how they actually encourage their members to give back. Most places just mention how they and their employees help out in the community.
Aside from that, they do mention how they specifically give back. Those are ways like giving financial gifts and financial education programs. They have their own charitable foundation (started in 2014) that’s given to 950+ charitable causes since its founding.
Their History at Marine Credit Union
This Wisconsin CU was started in 1949, that’s a few years later than the average one. Like many others, MCU was formed for employees of a company in Fond du Lac, WI. Mercury Marine manufactured outboard motors back then and still does today!
Today, they have locations in four different states, so, you don’t necessarily need to live in Wisconsin. People in Iowa, Illinois, and Minnesota can also get in – but I’ll get to specifics there in a minute.
Marine Credit Union has 75,000+ members today, so you would be joining a pretty big community if you sign up.
Membership and Eligibility
You can live or work in a few different counties to qualify for membership.
In Wisconsin, those that you can be in are Brown; Calumet; Chippewa; Clark; Columbia; Crawford; Dane; Dodge; Dunn; Eau Claire; Fond du Lac; Grant; Green; Green Lake; Iowa; Jefferson; Kenosha; La Crosse; Lafayette; Manitowoc; Marquette; Milwaukee; Monroe; Outagamie; Ozaukee; Racine; Richland; Rock; Sauk; Sheboygan; Taylor; Trempealeau; Vernon; Walworth; Washington; Waushara; Waukesha & Winnebago counties.
If you live in Minnesota, then Fillmore; Houston; Olmsted and Winona are your counties there for Marine Credit Union. Iowans need to be in either Allamakee; Cedar; Clayton; Clinton; Dallas; Fayette; Muscatine; Polk; Scott; or Winneshiek counties.
Lastly, if you live in Illinois, you’ll need to be in Rock Island county.
I like that they keep some exclusivity. A lot of CU’s these days let just about everybody in through a million different ways to qualify. This one doesn’t look like it has the family connection thing or any special exceptions that open the door to everybody across the country.
Marine Credit Union Products
I like the way their menu’s organized on the website. You can look under either Borrow, Save, Build Credit, or Pay Forward for their main options.
They have the typical products for handling money at Marine Credit Union. There are auto loans, home loans, refinancing and debt consolidation.
Under their savings options, you can choose from checking accounts, savings accounts and their online banking.
They also have credit building options, so you can start to do that if you’re new to banking in general. Building credit is important because when you need to take out a big loan for a car or home, your credit score will play a big role in determining whether you can borrow the money and will affect the interest rate.
There is one checking account that earns dividends here, although they don’t mention it too much. Took a little digging around to find out about that.
MCU – Final Thoughts
When you look for a credit union, it’s probably because you want something a little more than what a traditional bank has to offer. At Marine Credit Union, they pretty much have everything a traditional bank would plus all the community engagement on top of that.
It has a community feel since it still restricts membership to a specific number of counties, so you’ll feel at home if that’s what you’re looking for.
Check out Marine Credit Union at https://www.marinecu.com/ now.
*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.