Educators Credit Union (Wisconsin): Difference between revisions
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'''Educators Credit Union''' is a [[credit union]] based in southeastern Wisconsin, with 24 branches across seven counties.<ref>[https://www.ecu.com/branches-and-atms/ Educators Locations], Educators Credit Union, ecu.com.</ref> Founded in 1937 as the '''Racine Teachers Credit Union''', membership has expanded greatly over time to include all residents of eleven Wisconsin counties as of 2020.<ref>[https://www.ecu.com/member-perks/join-ecu/ Join Educators], Educators Credit Union, ecu.com.</ref> |
'''Educators Credit Union''' is a [[credit union]] based in southeastern Wisconsin, with 24 branches across seven counties.<ref>[https://www.ecu.com/branches-and-atms/ Educators Locations], Educators Credit Union, ecu.com.</ref> Founded in 1937 as the '''Racine Teachers Credit Union''', membership has expanded greatly over time to include all residents of eleven Wisconsin counties as of 2020.<ref>[https://www.ecu.com/member-perks/join-ecu/ Join Educators], Educators Credit Union, ecu.com.</ref> Educators has over 200,000 members, representing about 7% of the 2.85 million Wisconsin residents eligible to join.<ref name=NCUA/> |
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==History== |
==History== |
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Educators expanded its headquarters and flagship branch in Mount Pleasant in 1996, doubling the number of drive-through lanes and building a two-story addition to the office. At that time, the credit union had 43,000 members, and in 1996, it began admitting all government employees in five counties as members.<ref name=growth-1996/> |
Educators expanded its headquarters and flagship branch in Mount Pleasant in 1996, doubling the number of drive-through lanes and building a two-story addition to the office. At that time, the credit union had 43,000 members, and in 1996, it began admitting all government employees in five counties as members.<ref name=growth-1996/> |
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Educators acquired [[Parker Community Credit Union]] on January 8, 2018, expanding its services into [[Janesville, Wisconsin|Janesville]], [[Beloit, Wisconsin|Beloit]], and [[Rock County, Wisconsin|Rock]] and [[Green County, Wisconsin|Green]] counties.<ref>[https://www.ecu.com/wp-content/files/18_eAnnualReport.pdf 2018 Annual Report], Educators Credit Union.</ref><ref>[https://www.ecu.com/2018/01/09/parker-community-credit-union-merges-educators-credit-union/ "Parker Community Credit Union Merges with Educators Credit Union"], Educators Credit Union blog, ecu.com, January 9, 2018.</ref> |
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In September 2018, Educators opened a branch inside Racine's [[Washington Park High School|Park High School]] staffed by students. It was the fourth ECU branch located inside a school, with other locations at Racine's [[Jerome I. Case High School|Case High]], Kenosha's [[Mary D. Bradford High School|Bradford High]] and Milwaukee's [[Alexander Mitchell Integrated Arts School]].<ref>Casey, Evan. [https://journaltimes.com/news/local/educators-credit-union-opens-branch-inside-park-high-school/article_55c6cf24-37be-5724-bb23-72be6f49144a.html "Educators Credit Union opens branch inside Park High School"], [[Racine Journal Times]], September 25, 2018.</ref> |
In September 2018, Educators opened a branch inside Racine's [[Washington Park High School|Park High School]] staffed by students. It was the fourth ECU branch located inside a school, with other locations at Racine's [[Jerome I. Case High School|Case High]], Kenosha's [[Mary D. Bradford High School|Bradford High]] and Milwaukee's [[Alexander Mitchell Integrated Arts School]].<ref>Casey, Evan. [https://journaltimes.com/news/local/educators-credit-union-opens-branch-inside-park-high-school/article_55c6cf24-37be-5724-bb23-72be6f49144a.html "Educators Credit Union opens branch inside Park High School"], [[Racine Journal Times]], September 25, 2018.</ref> |
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==Financial information== |
==Financial information== |
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Note that, because Educators Credit Union is a non-profit member-owned organization, its total assets at any given time are equal to its liabilities and member equity.<ref name=75years/><ref name=news-1959/><ref name=NCUA>Educators Credit Union Call Reports, 1990-present, [https://mapping.ncua.gov/SingleResult.aspx?ID=66448&IsCorpCU=0 ncua.gov] and [https://archive.org/details/ecu-wi-annualreports archive.org].</ref><ref>[http://web.archive.org/web/20101222114246/https://www.ecu.com/assets/2010/6/14/annualreport_2009.pdf 2009 Annual Report], Educators Credit Union.</ref><ref>[http://web.archive.org/web/20130831113534/https://www.ecu.com/system/files/4110/original/AnnualReport.pdf?1366636341 2012 Annual Report], Educators Credit Union.</ref><ref>[https://www.flipsnack.com/MyECU/educators-credit-union-annual-report-fdkfommno.html 2015 Annual Report], Educators Credit Union.</ref> |
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{| class="wikitable" |
{| class="wikitable" |
||
! Date !! Assets !! |
! Date !! Assets !! Members |
||
|- |
|||
| 1947 || $41,620 || |
|||
|- |
|||
| 1959 || $475,435 || |
|||
|- |
|||
| 2/15/1962 || $698,240 || |
|||
|- |
|||
| 12/31/1967 || $2,646,000 || |
|||
|- |
|||
| 12/31/1971 || $4,842,000 || |
|||
|- |
|||
| 12/31/1990 || $86,053,011 || 23,239 |
|||
|- |
|||
| 12/31/1991 || $101,970,365 || 25,591 |
|||
|- |
|||
| 12/31/1992 || $134,119,161 || 29,749 |
|||
|- |
|||
| 12/31/1993 || $153,454,362 || 32,803 |
|||
|- |
|||
| 12/31/1994 || $176,418,672 || 34,974 |
|||
|- |
|||
| 12/31/1995 || $213,301,213 || 39,979 |
|||
|- |
|||
| 12/31/1996 || $237,764,127 || 42,940 |
|||
|- |
|||
| 12/31/1997 || $277,968,146 || 45,623 |
|||
|- |
|||
| 12/31/1998 || $330,339,776 || 49,198 |
|||
|- |
|- |
||
| |
| 12/31/1999 || $355,925,011 || 51,510 |
||
|- |
|- |
||
| |
| 12/31/2000 || $398,513,296 || 54,187 |
||
|- |
|- |
||
| |
| 12/31/2001 || $473,648,870 || 58,811 |
||
|- |
|- |
||
| 12/31/ |
| 12/31/2002 || $569,397,203 || 67,375 |
||
|- |
|- |
||
| 12/31/ |
| 12/31/2003 || $658,950,467 || 70,688 |
||
|- |
|- |
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| 12/31/2004 || $698,353,480 || 75,534 |
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| 12/31/1998 || $330,539,776 || [http://web.archive.org/web/19990824210608/http://www.ecu.com/financialreport.html] |
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|- |
|- |
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| 12/31/2005 || $750,379,223 || 78,570 |
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| 8/31/2000 || $374,366,039 || [http://web.archive.org/web/20010107180200/http://ecu.com/aboutecu.html] |
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|- |
|- |
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| 12/31/2006 || $803,284,898 || |
| 12/31/2006 || $803,284,898 || 82,454 |
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|- |
|- |
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| 12/31/2007 || $897,353,529 || |
| 12/31/2007 || $897,353,529 || 85,970 |
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|- |
|- |
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| 12/31/2008 || $1,009,743,714 || |
| 12/31/2008 || $1,009,743,714 || 91,507 |
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|- |
|- |
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| 12/31/2009 || $1,170,079,495 || |
| 12/31/2009 || $1,170,079,495 || 98,585 |
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|- |
|- |
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| 12/31/2010 || $1,284,620,908 || |
| 12/31/2010 || $1,284,620,908 || 100,956 |
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|- |
|- |
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| 12/31/2011 || $1,318,274,794 || |
| 12/31/2011 || $1,318,274,794 || 104,909 |
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|- |
|- |
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| 12/31/2012 || $1,410,120,898 || |
| 12/31/2012 || $1,410,120,898 || 114,987 |
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|- |
|- |
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| 12/31/2013 || $1,436,639,856 || |
| 12/31/2013 || $1,436,639,856 || 123,164 |
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|- |
|- |
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| 12/31/2014 || $1,478,928,304 || |
| 12/31/2014 || $1,478,928,304 || 128,981 |
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|- |
|- |
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| 12/31/2015 || $1,566,269,014 || |
| 12/31/2015 || $1,566,269,014 || 136,804 |
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|- |
|- |
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| 12/31/2016 || $1,676,971,962 || |
| 12/31/2016 || $1,676,971,962 || 146,050 |
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|- |
|- |
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| 12/31/2017 || $1,965,117,670 || |
| 12/31/2017 || $1,965,117,670 || 175,289 |
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|- |
|- |
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| 12/31/2018 || $1,988,299,375 || |
| 12/31/2018 || $1,988,299,375 || 183,793 |
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|- |
|- |
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| 12/31/2019 || $2,168,633,186 || |
| 12/31/2019 || $2,168,633,186 || 198,691 |
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