Program areas at UW Credit Union
Uwcu extended more than $1.1 billion in consumer Credit - enabling members to continue building their lives through home improvements, reliable vehicles, continuing education and much more. When home lending rates reached a 20-year high, we offered adjustable rate mortgages with interest rates up to 1% lower than traditional fixed rates and lower closing costs. This enabled more families to afford their first homes. In fact, in dane county, uwcu was the top home purchse lender, and in the milwaukee metro region, uwcu ranked 4th.
Uwcu continues to focus on delivering financial services in a trustworthy manner. Uwcu continues to provide Credit consultation services, which is a free service that benefits any member. Members can meet with a financial specialist to review their Credit report, better understand their Credit score, or research options to lower rates on existing loans. Uwcu offers a student loan refinance product which allows members to refinance multiple loans into one with a low rate and one easy payment. Uwcu offers low-limit, low-rate Credit cards for young adults to help them build their Credit responsbility, and affordable no annual fee secured Credit cards for members who need to repair their Credit. Uwcu offers an overdraft line-of-credit protection with no annual fee. Members have access to their scores through web branch.
In 2023, uwcu welcomed 35,608 new members and opened 16,731 new checking accounts. The Credit Union's honest and straightforward business practices continue to drive membership and relationship growth. At the end of 2023, uwcu served over 348,000 members and over 278,000 checking accounts.