Question 1

What is 1st Community Credit Union (Sparta)?

Accepted Answer

1st Community Credit Union is a community-focused financial cooperative serving west-central Wisconsin. Headquartered in Sparta, Wisconsin, the credit union operates with over $270 million in assets and serves more than 15,700 members across 14 counties.

Originally established to serve St. Mary's Hospital employees and the Sparta community, 1st CCU has grown into a full-service financial institution offering comprehensive banking products and services. The credit union operates multiple branches throughout western Wisconsin, including locations in Sparta, West Salem, Tomah, and a student branch at Sparta High School.

Question 2

When was 1st Community Credit Union (Sparta) founded?

Accepted Answer

1st Community Credit Union was founded in early 1961 when a group of community members identified a need to provide low-cost credit to residents of Sparta, Wisconsin. One of the primary motivations for organizing the credit union was to address the credit needs of patients and employees at Sparta's St. Mary's Hospital.

To help launch the credit union, the hospital administration gave each of its 90 employees a $5.00 credit union share as a Christmas present in 1961. The credit union began operations in shared space within an insurance office, employing only a part-time manager.

Originally named Sparta Community Credit Union, the institution changed its name to 1st Community Credit Union in 1981 to better reflect its expanding service area and community focus.

Question 3

Where is 1st Community Credit Union (Sparta) headquartered?

Accepted Answer

1st Community Credit Union is headquartered in Sparta, Wisconsin. The main office is located on West Main Street in Sparta, where the credit union moved to a new, larger building in 2004 to accommodate its growing membership and expanded services.

In 2023, the credit union further expanded its Sparta operations by moving its loan processing staff into a building adjacent to the main branch.

Question 4

Where does 1st Community Credit Union (Sparta) operate?

Accepted Answer

1st Community Credit Union serves members across 14 counties in western Wisconsin: Monroe, La Crosse, Buffalo, Trempealeau, Eau Claire, Jackson, Clark, Wood, Adams, Juneau, Sauk, Richland, Crawford, and Vernon. The field of membership was significantly expanded in 2019 to serve these communities.

The credit union operates four physical locations:
• Sparta Branch - Main office located in Sparta
• West Salem Branch - Opened in 1980 and relocated to a new building in 1994 (renovated in 2023)
• Tomah Branch - Opened in 2020
• Sparta High School Student Branch - Opened in 2015

Membership is open to anyone who lives, works, attends school, or worships in the 14-county service area.

Question 5

What services does 1st Community Credit Union (Sparta) offer?

Accepted Answer

1st Community Credit Union provides a comprehensive range of financial products and services:

Deposit Accounts:
• Share accounts (savings)
• Checking accounts
• Money market accounts
• Share certificates (CDs)

Lending Products:
• Auto loans with rates as low as 5.24% APR
• Personal loans
• Recreation loans for RVs, boats, and other recreational vehicles
• Mortgage loans
• Home equity loans and lines of credit

Digital Banking Services:
• Mobile banking app
• Online banking
• Online account opening
• Telephone banking
• Electronic statements and account alerts
• Mobile deposit

Additional Services:
• Debit and credit cards
• Online bill pay
• Financial planning resources
• Youth accounts and financial education

Question 6

What makes 1st Community Credit Union (Sparta) unique?

Accepted Answer

1st Community Credit Union distinguishes itself through deep community roots and a commitment to personalized service. As a member-owned, not-for-profit cooperative, all profits are returned to members through competitive rates, lower fees, and enhanced services.

Community Connection: The credit union emphasizes that "when the community is thriving, we all succeed." Employees live and volunteer in the communities they serve, reinforcing the local connection. The credit union has maintained its commitment to serving local communities since its founding in 1961.

Educational Outreach: The Sparta High School student branch, opened in 2015, provides hands-on financial education to young people, helping the next generation develop strong money management skills.

Growth While Maintaining Personal Service: Despite growing from a handful of members to over 15,000 members and expanding to multiple branches, 1st CCU has maintained its reputation for friendly, personalized service. The credit union celebrated its 10,000th member milestone in 2009.

Comprehensive Digital Offerings: While rooted in community values, the credit union has embraced modern technology with robust online and mobile banking capabilities, online account opening, and electronic delivery options.

Question 7

What type of financial institution is 1st Community Credit Union (Sparta)?

Accepted Answer

1st Community Credit Union is a federally chartered credit union regulated by the National Credit Union Administration (NCUA) with charter number 67012. As a federal credit union, member deposits are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States government.

As a not-for-profit financial cooperative, 1st Community Credit Union is owned by its members. Each member has equal voting rights regardless of account balance, embodying the credit union principle of "one member, one vote." This cooperative structure allows the credit union to focus on serving member needs rather than generating profits for shareholders.

Membership is community-based, open to anyone who lives, works, attends school, or worships in the credit union's 14-county field of membership in western Wisconsin.

1st Community Credit Union (Sparta)

in the United States 🇺🇸

Crypto-Friendliness

All done!

About 1st Community Credit Union (Sparta) in the United States