Press Releases


For Immediate Release
February 27, 2009 Contact: Catherine Haberland
608-209-2131

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.