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Home / Banking / Repaid.org Picks: 5 Best Credit Unions in Milwaukee

 

Each of us wants to know that we are dealing with the best possible financial institution. One that is close to home, yet offers stability and all of the services we need. Since Milwaukee and the surrounding metropolitan area is home to a large number of financial institutions, finding that perfect institution can be difficult. At Repaid.org we must to admit to a decided leaning toward credit unions because they are not-for-profit, member owned, and are often very community oriented.

Methodology

In order to create our list of the five best credit unions in Milwaukee we looked at total assets, financial stability based on Bauer Financial’s 5-star system, membership, and Better Business Bureau (BBB) records. We also looked at recent annual reports, products and programs offered, and the number of services available. If you are interested in the Bauer Financial rating system, you can visit this webpage  for more information. Well, enough of the build up, here is our list.

Appletree Credit Union

appletree-cuAppleTree Credit Union was founded in 1935 as the Kearney & Trecker Employees Credit Union. After acquiring the assets of several other credit unions, the name was changed to Appletree Credit Union in 1984. Appletree membership is now open to anyone who lives or works in Milwaukee or Waukesha counties and their family members. We could find no traces of a complaint history with the BBB and Appletree enjoys a five-star rating from Bauer Financial.

Educators Credit Union (@myEducatorsCU)

educators-cuEducators Credit Union was founded in Racine, Wisconsin in 1937 as the Racine Teachers’ Credit Union. Today, Educators offers its services to anyone living or working in Kenosha, Milwaukee, Ozaukee, Racine, Walworth, Washington, and Waukesha counties through its 17 locations. There are no open BBB complaints related to Educators and Bauer Financial gives it a five-star rating for its financial stability.

Empower Credit Union (@EmpowerMembers)

Empower-cuEmpower Credit Union was established in 1914 as a savings and loan company. In 1997, it became a state-chartered credit union, eventually changing its name to Empower Credit Union in 2007. Membership is open to employees, retirees and family members of Wisconsin Energy Corporation as well as those if its subsidiaries and affiliates. Additionally, anyone who lives in Milwaukee, Waukesha, Washington, or Racine counties may join Empower. We could not find a record of unresolved complaints with the BBB. That is quite an accomplishment considering Empower’s 100 years of business. Bauer Financial gives the credit union a five-star rating across the board.

Landmark Credit Union (@LandMarkCU)

landmark-cuLandmark Credit Union was founded in 1933 to meet the needs of the employees of the Rex Chainbelt Company. As the credit union expanded its membership there were several name changes, culminating in the change to Landmark in 1985 when services were expanded to encompass nearly everyone living or working within the greater Milwaukee area. Landmark currently has 32 branches and has a four-star rating from Bauer Financial.

Summit Credit Union (@SummitDoMore)

Summit_Credit_UnionSummit Credit Union was founded in 1935 with the unique charter to serve anyone who wished to join.  As you can imagine, Summit has been able to steadily expand its membership base due to its all-inclusive charter. We have found an occasional complaint lodged with the BBB, but all were resolved and seemed to be based on a member misunderstanding either a service or the legal parameters of a credit union. Bauer Financial gives Summit a five-star rating.

We are big fans of banking with credit unions, and you can’t go wrong with any of the ones on this list. For all of the other credit unions based or operating in the area, Milwaukee Auto Finance maintains the following list. You can also check out our top picks for Raleigh and Minneapolis, and our ranking of the 20 best credit union blogs.

Sharing the Love

If your credit union made the list, give yourself a barbaric little yawp on social media–you deserve it!

 

About the author: Jerry Coffey

 

Jerry Coffey spent many years in a debt-riddled gray area somewhere between broke and desperately broke. His seemingly endless need for more and more cash led him to payday loans, repossessions, bankruptcy, and depression. After years of the same financial style, he heard a piece of advice that inspired him to find a way to change. The advice: ''The very definition of a fool is someone who continues to do the same things, but expects different results.'' This led him to a much more frugal lifestyle that sees all of his bills paid on time and a growing savings account. Even the seed of a retirement account has begun to sprout.

 

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One Comment

  1. Thanks for sharing,Jerry.My credit union made the list.
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