University Of Wisconsin Credit Union


Overview / Commentary
608-232-5000
3500 University Ave
Madison, WI 53705

University Of Wisconsin Credit Union is headquartered in Madison and is the 4th largest credit union in the state of Wisconsin. It is also the 61st largest credit union in the nation. It was established in 1931 and as of June of 2024, it had grown to 844 employees and 356,703 members at 38 locations. University Of Wisconsin Credit Union's money market rates are 8X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in University of Wisconsin Credit Union is open to the following: (1) those who live, attend school or work within a 5-mile radius of a UW Credit Union branch; (2) current and former employees and students of the University of Wisconsin system; (3) residents of Wisconsin who are currently or were previously enrolled in any accredited institution of higher education; (4) current and former employees of UW Health.
See current membership details

Reviews (1)

Very Unethical Credit Union

Posted by: |

This credit union is very unethical . I opened a checking account with them in 2019 . I had some financial issues and ended up maxing out two credit accounts with them. I'm not denying this. Ended up with them being charged off which I take responsibility for my lack of control. The accounts were sold to a collection agency. I tried to set up payment arrangements with them and was told that they do not do that. Then they said ok you can try and send us 100.00 a month for each but then the gentleman implied that I would never get them paid off. I asked them if they would do a settlement and they said no. Ok?
In the meantime, I also had a home equity line of credit which I was paying on. Then we went into the pandemic and I was a teacher and had to wait over a year for my unemployment to kick in and so the credit union was charging me lots of late fees, so I was working with them to try and keep that current, although they had a program to help people with loans to and avoid 30 day late fees which no one told me about. After the pandemic, when I was trying to refinance, I learned about these 6 30-day lates so I filed a report with the Better Business Bureau and the credit union removed them. I sold my home in February of 2023 and my home equity loan was paid off and then lien was released and then just today, I round out that in March of 2023, when I didn't owe them anymore money for the home equity line, they took one of the charged off accounts that they sold to someone else and suddenly changed the credit reporting status to say that it was now 180 days late even though, before that I tried to set up a payment plan to repay them the debt. I don't really understand how a credit union can use it techniques which seems so manipulative. It almost was like they were unhappy that I paid off my home equity line of credit, they weren't getting any more money from me, they had released the lien and so they reentered a debt onto me credit report in such a way to make it so that it would hurt my credit score twice. I don't understand the laws with all of this but it feels like this credit union purposely tried to mess with me after I had to get them to correct previous unethical acts in terms of not telling me about pandemic relief and then it when I reported them, wanted to get retaliation. I don't think anyone should use their services as they seem very petty and intentionally antagonistic to retaliate against me. I hope this review helps someone to avoid becoming a target of this credit union as well.



Health

Health Grade Components

Overall
NCUA #66492
Year Chartered1931
Employees844
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD9.13%
Annual Interest Income$137.5MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$5.64B$5.05B
LoansQ2 2024vs Q2 2023$3.89B$3.64B
DepositsQ2 2024vs Q2 2023$4.72B$4.51B
Equity CapitalQ2 2024vs Q2 2023$493.2MM$449.2MM
Loan Loss AllowanceQ2 2024vs Q2 2023$24.2MM$26.6MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$23.3MM$14.2MM
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not University Of Wisconsin Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

University Of Wisconsin Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.13%$100-IRA Savings
0.13%$100-College Fund
0.03%$100-Personal Savings
0.03%$100-Youth Savings
0.03%$100-Business Savings
0.03%$100-Organization Savings

University Of Wisconsin Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.45%*$250k*-Investor's Indexed Money Market
OTHER TIERS: 3.15% $10k - $50k | 3.25% $50k - $100k | 3.35% $100k - $250k
0.60%*$50k*-Investor's Advantage Money Market
OTHER TIERS: 0.07% $0 - $2.5k | 0.15% $2.5k - $7.5k | 0.25% $7.5k - $10k | 0.35% $10k - $25k | 0.50% $25k - $50k

University Of Wisconsin Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$1k-Premium Checking
0.01%$5k-Business Checking
0.01%$1k-Trust & Estate Checking

University Of Wisconsin Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.10%$250k-7 Month Jumbo CD Special
4.05%*$10k*-7 Month CD Special
OTHER TIERS: 4.00% $5k - $10k
4.05%$5k-7 Month CD Special w/ Premium Checking
3.85%$250k-14 Month Jumbo CD Special
3.80%$5k-14 Month CD Special w/ Premium Checking
3.80%*$10k*-14 Month CD Special
OTHER TIERS: 3.75% $5k - $10k
3.60%$250k-24 Month Rate Bump Jumbo CD
3.60%$250k-9 Month No Penalty Jumbo CD
3.55%*$10k*-9 Month No Penalty CD
OTHER TIERS: 3.50% $5k - $10k
3.55%$5k-9 Month No Penalty CD w/ Premium Checking
3.50%$5k$250k24 Month Rate Bump CD
3.35%$250k-12 Month Jumbo CD
3.35%$250k-18 Month Jumbo CD
3.35%$250k-24 Month Jumbo CD
3.35%$250k-30 Month Jumbo CD
3.35%$250k-36 Month Jumbo CD
3.35%$250k-48 Month Jumbo CD
3.35%$250k-60 Month Jumbo CD
3.30%*$10k*-60 Month CD
OTHER TIERS: 3.25% $500 - $10k
3.30%*$10k*-48 Month CD
OTHER TIERS: 3.25% $500 - $10k
3.30%*$10k*-36 Month CD
OTHER TIERS: 3.25% $500 - $10k
3.30%*$10k*-30 Month CD
OTHER TIERS: 3.25% $500 - $10k
3.30%*$10k*-24 Month CD
OTHER TIERS: 3.25% $500 - $10k
3.30%*$10k*-18 Month CD
OTHER TIERS: 3.25% $500 - $10k
3.30%*$10k*-12 Month CD
OTHER TIERS: 3.25% $500 - $10k
3.30%$500-12 Month CD w/ Premium Checking
3.30%$500-18 Month CD w/ Premium Checking
3.30%$500-24 Month CD w/ Premium Checking
3.30%$500-30 Month CD w/ Premium Checking
3.30%$500-36 Month CD w/ Premium Checking
3.30%$500-48 Month CD w/ Premium Checking
3.30%$500-60 Month CD w/ Premium Checking
3.05%$250k-9 Month Jumbo CD
3.00%*$10k*-9 Month CD
OTHER TIERS: 2.95% $500 - $10k
3.00%$500-9 Month CD w/ Premium Checking
2.55%$250k-6 Month Jumbo CD
2.50%*$10k*-6 Month CD
OTHER TIERS: 2.45% $500 - $10k
2.50%$500-6 Month CD w/ Premium Checking
2.30%$250k-3 Month Jumbo CD
2.25%*$10k*-3 Month CD
OTHER TIERS: 2.20% $500 - $10k
2.25%$500-3 Month CD w/ Premium Checking
2.00%*$10k*$100k30 Month Smart Saver CD
OTHER TIERS: 1.95% $250 - $10k
2.00%$500-30 Month Smart Saver CD w/ Premium Checking
1.85%*$10k*$100k18 Month Smart Saver CD
OTHER TIERS: 1.80% $250 - $10k
1.85%$500-18 Month Smart Saver CD w/ Premium Checking
0.97%*$10k*-12 Month Smart Saver Plus CD
OTHER TIERS: 0.92% $250 - $10k
0.97%$500-12 Month Smart Saver Plus CD w/ Premium Checking

University Of Wisconsin Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.10%$250k-15 Month Jumbo IRA Special
4.05%*$10k*-15 Month IRA Special
OTHER TIERS: 4.00% $500 - $10k
4.05%$500-15 Month IRA Special w/ Premium Checking
3.85%$250k-27 Month Jumbo IRA Special
3.80%*$10k*-27 Month IRA Special
OTHER TIERS: 3.75% $500 - $10k
3.80%$500-27 Month IRA Special w/ Premium Checking
3.35%$250k-12 Month Jumbo IRA
3.35%$250k-18 Month Jumbo IRA
3.35%$250k-24 Month Jumbo IRA
3.35%$250k-30 Month Jumbo IRA
3.35%$250k-36 Month Jumbo IRA
3.35%$250k-48 Month Jumbo IRA
3.35%$250k-60 Month Jumbo IRA
3.30%*$10k*-12 Month IRA
OTHER TIERS: 3.25% $500 - $10k
3.30%$500-12 Month IRA w/ Premium Checking
3.30%*$10k*-18 Month IRA
OTHER TIERS: 3.25% $500 - $10k
3.30%$500-18 Month IRA w/ Premium Checking
3.30%*$10k*-24 Month IRA
OTHER TIERS: 3.25% $500 - $10k
3.30%$500-24 Month IRA w/ Premium Checking
3.30%*$10k*-30 Month IRA
OTHER TIERS: 3.25% $500 - $10k
3.30%$500-30 Month IRA w/ Premium Checking
3.30%*$10k*-36 Month IRA
OTHER TIERS: 3.25% $500 - $10k
3.30%$500-36 Month IRA w/ Premium Checking
3.30%*$10k*-48 Month IRA
OTHER TIERS: 3.25% $500 - $10k
3.30%$500-48 Month IRA w/ Premium Checking
3.30%*$10k*-60 Month IRA
OTHER TIERS: 3.25% $500 - $10k
3.30%$500-60 Month IRA w/ Premium Checking
3.05%$250k-9 Month Jumbo IRA
3.00%*$10k*-9 Month IRA
OTHER TIERS: 2.95% $500 - $10k
3.00%$500-9 Month IRA w/ Premium Checking
2.55%$250k-6 Month Jumbo IRA
2.50%*$10k*-6 Month IRA
OTHER TIERS: 2.45% $500 - $10k
2.50%$500-6 Month IRA w/ Premium Checking
2.30%$250k-3 Month Jumbo IRA
2.25%*$10k*-3 Month IRA
OTHER TIERS: 2.20% $500 - $10k
2.25%$500-3 Month IRA w/ Premium Checking
Locations

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