Credit union · NCUA insured
Madison Credit Union
A $62.6M credit union headquartered in Madison, WI, with 3,111 members and 1 branch in Wisconsin. Best rates: CDs 3.03% and savings 0.15% APY.
Madison Credit Union Carrot Score
64
Carrot Score
Higher than 11% of U.S. banks and credit unions
#32 of 39 in Madison, WI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Madison Credit Union
Founded in 1936 as City Employees' Credit Union, Madison Credit Union is headquartered in Madison, Wisconsin.
Originally started by nine city employees to provide loans during the Great Depression, it later absorbed several employee credit unions through mergers and adopted its current name in 2004.
The institution operates as a member-owned, not-for-profit financial cooperative governed by an elected board of directors.
- Headquarters
- 949 E Washington Ave, Madison, WI 53703
- NCUA charter
- 66431
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live or work in Dane, Dodge, Columbia, Green, Iowa, Jefferson, Rock, Sauk, or Walworth County in Wisconsin are eligible for membership.
Military, government and schools
- Employees and elected officials of the City of Madison, Madison Metropolitan School District, or the County of Dane are eligible for membership.
Family and household
- Immediate family members (parent, spouse, or child) of a Madison Credit Union member, or relatives living in the same household as a member, are eligible for membership.
Branches
1 branch in Wisconsin
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Wisconsin
1 branch
- Madison Credit UnionMain office949 E Washington Ave, Madison, WI 53703Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 11.04% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.82% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.13% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $46 | $59 | — |
- CapitalNet worth ratio11.04%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.82%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.13%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$46Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Madison Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.