Question 1

What is Gundersen Credit Union?

Accepted Answer

Gundersen Credit Union is a community-focused financial cooperative based in La Crosse, Wisconsin, serving employees, retirees, and volunteers of Gundersen Health System and its affiliates. With approximately $61.6 million in assets and over 3,600 members, this credit union operates as a member benefit for the Gundersen healthcare community.

The institution provides convenient financial services, competitive rates, and personalized advice in a comfortable, member-centered environment. As a not-for-profit cooperative, the credit union prioritizes member financial success and security above all else.

Question 2

When was Gundersen Credit Union founded?

Accepted Answer

[Information not publicly available - specific founding date not documented in public sources]

Gundersen Credit Union was established to serve the employees and staff of Gundersen Health System, which itself has roots dating back to 1891 when Dr. Adolf Gundersen opened his medical practice in La Crosse. The credit union developed as an employee benefit to provide financial services specifically tailored to the Gundersen healthcare community and their families.

Question 3

Where is Gundersen Credit Union headquartered?

Accepted Answer

Gundersen Credit Union is headquartered at 1910 South Avenue in La Crosse, Wisconsin. The main office is conveniently located adjacent to Gundersen Health System's facilities, providing easy access for members who work at or visit the medical campus.

Question 4

Where does Gundersen Credit Union operate?

Accepted Answer

The credit union primarily operates from its single branch location in La Crosse, Wisconsin. Originally established with a limited membership field restricted to Gundersen Health System employees and their families, the credit union has recently expanded its field of membership.

Membership is now available to anyone who lives or works in La Crosse, Trempealeau, Monroe, Vernon, and Crawford counties in Wisconsin. This expansion allows the credit union to serve a broader community beyond just Gundersen employees while maintaining its community-focused mission.

Eligible members include employees, retirees, and volunteers of Gundersen Health System and its affiliates, including Tri State Ambulance, Degen Berglund, Bethany Lutheran Homes, and other partner organizations. Immediate family members of eligible individuals can also join.

Question 5

What services does Gundersen Credit Union offer?

Accepted Answer

Gundersen Credit Union provides a comprehensive range of financial products and services designed to meet member needs:

Savings and Deposit Accounts: Share savings accounts (with a minimum $5 opening deposit), checking accounts, money market accounts, and certificates of deposit with competitive rates.

Lending Services: Auto loans, personal loans, mortgage services (processed through partner networks), and credit card products with competitive rates.

Digital Banking: Online banking platform with account management, fund transfers, and secure messaging capabilities. Mobile banking services provide convenient access to accounts on-the-go.

Member Benefits: As a not-for-profit cooperative, earnings are returned to members through competitive rates, lower fees, and enhanced services. All deposits are federally insured by the NCUA up to $250,000 per depositor.

Question 6

What makes Gundersen Credit Union unique?

Accepted Answer

Gundersen Credit Union stands out for its deep connection to the healthcare community it serves. The credit union was specifically designed as an employee benefit for Gundersen Health System staff, creating a financial institution that truly understands the unique needs of healthcare workers.

The institution emphasizes financial soundness and security, maintaining well-capitalized status that surpasses federal and state regulatory requirements. With a strong net worth ratio of 12.76% and impressive loan growth of over 13% year-over-year, the credit union demonstrates financial strength while serving member needs.

The credit union's recent expansion of its membership field to include residents of five Wisconsin counties represents a commitment to community growth while maintaining the personal service and competitive rates that have defined the institution. Members benefit from low-cost access to financial services—joining requires only a $5 deposit in a share savings account.

The institution's location within the Gundersen Health System campus provides unparalleled convenience for employees, allowing them to handle banking needs near their workplace.

Question 7

What type of financial institution is Gundersen Credit Union?

Accepted Answer

Gundersen Credit Union is a state-chartered credit union regulated by the State of Wisconsin and insured by the National Credit Union Administration (NCUA). As a member-owned financial cooperative, it operates under the principle that members are owners, not just customers.

This cooperative structure means the credit union exists to serve member interests rather than generate profits for external shareholders. Members have voting rights and democratic control over the institution's direction, with each member receiving one vote regardless of account balance.

The credit union maintains membership requirements tied to employment, residence, or family relationships with existing members. The recent expansion to include anyone living or working in La Crosse, Trempealeau, Monroe, Vernon, and Crawford counties reflects a community charter approach while maintaining focus on serving the Gundersen healthcare community.

Due to USA PATRIOT Act requirements, new members must apply for membership in person at the La Crosse location to complete identity verification and account opening procedures.

Gundersen Credit Union

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About Gundersen Credit Union in the United States