|For Immediate Release
|February 27, 2009
||Contact: Catherine Haberland
Wisconsin Office of Credit Unions Takes Control of Prime
Financial Credit Union of Cudahy
Member accounts remain federally insured up to $250,000
(Madison) The Wisconsin Office of Credit Unions has taken control of
Prime Financial Credit Union of Cudahy, Wisconsin and appointed Christine
Dawe as agent to conduct the business of the credit union. The result
of the Office of Credit Unions taking over Prime will be a new management
structure, but the daily operations should remain the same.
Members of Prime Financial Credit Union should not experience any interruption
of service at any location served by the credit union. Member accounts
remain federally insured by the National Credit Union Share Insurance
Fund up to at least $250,000.
Prime Financial Credit Union is a state-chartered, federally insured
credit union chartered in 1923. It was the first credit union chartered
in Wisconsin. It is a full-service, $190 million credit union with more
than 37,500 members.
The Office of Credit Unions is an agency of the Wisconsin government
that charters and supervises state credit unions. The National Credit
Union Administration is the federal agency that, with the backing of
the full faith and credit of the U.S. government, operates the National
Credit Union Share Insurance Fund, insuring the savings of more than
87 million members in both federal and state credit unions.