Prime Financial Credit Union is headquartered in Cudahy and is the 40th largest credit union in the state of Wisconsin. It is also the 1,503rd largest credit union in the nation. It was established in 1923 and as of June of 2022, it had grown to 53 employees and 16,143 members at 5 locations. Prime Financial Credit Union's money market rates are 2X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Prime Financial Credit Union serves Milwaukee and surrounding communities.
See current membership details
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Consider Another Credit Union
Prime Financial Credit Union ("PFCU") is probably the most unimaginative and uninspired financial institution that you're ever likely to come across. It appears that they just assume that their members will always be their members, so why bother stoking the flames of the relationship? To make matters worse, the average age of the members probably skews to 50 or over (I'm 55), which means that PFCU will weaken and collapse over time by simple virtue of the membership dying off. This is a roundabout of saying that young people will find absolutely nothing compelling or even interesting about PFCU, leaving them free to look at other credit unions or even commercial banks. And PFCU has a nasty habit of treating new customers like criminals who need to be put through the wringer a few times. You're a good-for-nothing scammer until proven innocent.
Why would you join a credit union that has structured itself to fail over time? A better local choice would be the University of Wisconsin Credit Union or, at the federal level, Pentagon Federal or Navy Federal.
What A Joke!!!
Folks do not bother with this place. A huge failure on every level. This Credit Union is run by a band of clowns, no customer service, rates are terrible and did I mention this place is run by a band of clowns!!! After the Idiots from the State of Wisconsin got done with this place,they should have shut it down.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66449 |
| Year Chartered | 1923 |
| Employees | 53 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.99% |
| Return on Equity - YTD | 12.29% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $147.3MM$140.3MM |
| Loans | Q2 2022vs Q2 2021 | $112.3MM$97.0MM |
| Deposits | Q2 2022vs Q2 2021 | $133.7MM$128.5MM |
| Equity Capital | Q2 2022vs Q2 2021 | $11.9MM$10.9MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $874.00K$642.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $723.00K$292.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$182.00K |