July 26 is the Anniversary of Federal Credit Union Act The Federal Credit Union Act was enacted during the depths of the Great Depression, in 1934 (MyCreditUnion.Gov). The law enabled credit unions to be organized throughout the United States under charters approved by the federal government. The purpose of the federal law was to make credit...Read More
Hey everybody, welcome to “The Credit You Deserve” podcast. I’m your host, David Murphy, President at the Marshfield Medical Center Credit Union, and in today’s episode we’re going to highlight what a credit union is, the history of credit unions in the United States, and the history of MMCCU. If you’ve heard the term “credit...Read More
If you want to avoid fees when banking, your best financial move is probably to join a credit union! Compared to banks, Credit Unions are famous for lower fees. Banks charge mortgage-related fees for processing/underwriting, credit reports, and closing fees. On the deposit side, there are often fees for statements (if not e-statements), monthly maintenance...Read More
Credit Unions are nonprofit, membership-based financial institutions dedicated to customer satisfaction. Choosing a credit union over a bank for your small business can have many benefits. Read on to learn how credit unions help small business. Benefits of choosing a Credit Union for your small business include: Fewer fees than a bank – At a...Read More
i.e. Why You Should Choose a Credit Union There are a lot of misconceptions surrounding credit unions. Many times the reasons people provide on “Why You Shouldn’t Choose a Credit Union” are more myth than reality. Marshfield Medical Center Credit Union wants to debunk some of the myths that are out there and share reasons...Read More
Wisconsin Health Care Credit Union Did you know that Marshfield Medical Center Credit Union is the largest health care credit union in Wisconsin? Our membership is healthcare workers and their families, so we understand this demographic and can serve them best. Being a credit union means our main purpose is to serve our members. A...Read More
On July 30, we’re joining credit unions throughout the nation is celebrating what makes credit unions unique! We love credit unions every day, and can’t pass up an opportunity to join a special day dedicated to celebrating them! Credit Unions are not-for-profit and member-focused, meaning we care more about people than profits. Our goal is...Read More
This May, Marshfield Medical Center Credit Union (MMCCU) will welcome VP of Finance & Risk David Murphy into his new role as President. Murphy will take the lead position at a relatively young 35 years-old, but he won’t be the first young professional to assume the lead role. Retiring President Carol Adler began in her...Read More
Why should I join a credit union? A credit union is: Credit unions are focused on people, not profits. Credit unions operate by a “people helping people” philosophy that is hard to find at other financial institutions. Financial education is available to all members. Credit unions assist members in becoming better-educated consumers of financial services....Read More
How to Switch Your Financial Accounts to MMCCU Switching banks or credit unions doesn’t have to be a hassle. Whether you’re moving, seeking lower fees, or simply want to try somewhere new, the process to switch is fairly straightforward. Remember, not all of your accounts need to be in one place, either! If you’re looking...Read More
