Marine Credit Union
TypeCredit union
IndustryFinancial services
Founded1949 (1949)
Headquarters
La Crosse, Wisconsin
,
United States
ServicesFull service banking
Total assets$1,000,000,000
Websitewww.marinecu.com

Marine Credit Union is a member-owned financial cooperative headquartered in La Crosse, Wisconsin, which serves more than 90,000 members across Wisconsin, Iowa and Minnesota.[1]

Marine Credit Union was founded in 1949 as a credit union in Fond du Lac, Wisconsin for the employees of Mercury Marine, and has since merged with or acquired over thirty financial institutions.[2] In 2017, the credit union notably acquired five Bank Mutual branches,[3] and in 2018 acquired ten Old National Bank branches.[4] As of 2019, the credit union has more than 400 full-time employees.[3]

Marine Credit Union Foundation

The Marine Credit Union Foundation was formed in 2006 and is a non-profit 501(c)(3) organization. The foundation provides financial assistance and promotes financial literacy within member communities.[5] Its Finding Home program helps financially challenged borrowers improve their credit and qualify to finance a house.[6]

References

  1. ↑ "Company Overview". Marine Credit Union. Retrieved 2020-05-27.
  2. ↑ "2019 Annual Report" (PDF). Marine Credit Union. 2019. Retrieved 2020-05-26.
  3. 1 2 "Marine Credit to buy five Bank Mutual branches". La Crosse Tribune. Retrieved 2020-05-27.
  4. ↑ Newman, Judy. "Old National sale of 10 bank branches to Marine Credit Union passes hurdle". Wisconsin State Journal. Retrieved 2020-05-27.
  5. ↑ "Marine Credit Union Foundation". Marine Credit Union. Retrieved 2020-05-27.
  6. ↑ "Finding HOME Financial Literacy Program". Marine Credit Union. Retrieved 2020-05-27.
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