Q: What type of financial institution is Jefferson Stoppenbach Credit Union?

Jefferson Stoppenbach Credit Union is a State Credit Union chartered under Wisconsin law and regulated by the Wisconsin Department of Financial Institutions. The credit union also falls under federal oversight by the National Credit Union Administration (NCUA), which provides deposit insurance up to $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF). As a member-owned cooperative, Jefferson Stoppenbach Credit Union operates on the principle of "people helping people." Members are both owners and customers of the institution. Each member has equal voting rights regardless of account balance, and the credit union is governed by a volunteer board of directors elected from the membership. This democratic structure ensures the credit union remains focused on serving member needs rather than generating profits for external shareholders. The credit union's not-for-profit status allows it to return earnings to members through competitive loan rates, higher savings dividends, and lower fees compared to traditional for-profit financial institutions.

Question 1

What is Jefferson Stoppenbach Credit Union?

Accepted Answer

Jefferson Stoppenbach Credit Union is a small, community-focused credit union serving members in Jefferson, Wisconsin. With approximately 510 members and nearly $2 million in total assets, this credit union operates as a member-owned cooperative financial institution.

The credit union specializes in basic consumer lending and savings services, focusing primarily on auto loans and consumer credit products. As a State Credit Union operating under Wisconsin charter number 66565, Jefferson Stoppenbach Credit Union maintains a local presence with personalized service tailored to its membership base.

Question 2

When was Jefferson Stoppenbach Credit Union founded?

Accepted Answer

[Information not publicly available]. While the credit union operates under charter number 66565 issued by Wisconsin state regulators, specific details about its founding date, original organizers, and early history are not readily accessible in public records.

Wisconsin has a rich credit union history dating back to the 1920s, when the state pioneered cooperative financial institutions to serve communities underserved by traditional banks.

Question 3

Where is Jefferson Stoppenbach Credit Union headquartered?

Accepted Answer

Jefferson Stoppenbach Credit Union is headquartered at 318 Wisconsin Drive in Jefferson, Wisconsin 53549. The credit union operates a single branch office at this location, serving the local Jefferson community.

Jefferson is located in Jefferson County in southeastern Wisconsin, approximately 40 miles west of Milwaukee.

Question 4

Where does Jefferson Stoppenbach Credit Union operate?

Accepted Answer

Jefferson Stoppenbach Credit Union operates exclusively from its single location in Jefferson, Wisconsin. The credit union serves members in the Jefferson area and surrounding communities in Jefferson County.

As a small credit union with limited geographic reach, membership is likely tied to common bond requirements such as living, working, worshiping, or attending school in the designated service area.

Question 5

What services does Jefferson Stoppenbach Credit Union offer?

Accepted Answer

Jefferson Stoppenbach Credit Union offers fundamental financial services focused on meeting the basic banking needs of its members:

Savings Products: Regular share savings accounts, which serve as the foundational membership account for all credit union members.

Loan Products: The credit union provides various consumer loans, with particular emphasis on auto loans. Recent data indicates competitive rates including new vehicle loans at approximately 5.25% APR and used vehicle loans at approximately 8.00% APR. The credit union also offers other unsecured loans and lines of credit.

Basic Banking Services: Traditional in-person banking services are available at the branch office. Members can contact the credit union at 920-674-2325 for account inquiries and services.

The credit union maintains a traditional, branch-based service model without electronic banking options such as online banking, mobile banking, or ATM services. This approach reflects the institution's focus on personalized, face-to-face member service.

Question 6

What makes Jefferson Stoppenbach Credit Union unique?

Accepted Answer

Jefferson Stoppenbach Credit Union stands out for its exceptionally strong capitalization and intimate community focus:

Exceptional Financial Strength: With a net worth ratio of 23.13%, the credit union maintains capital levels well above regulatory requirements. This excellent capitalization provides a substantial cushion for operations and demonstrates sound financial management. The NCUA classifies the credit union as "Well Capitalized," the highest regulatory category.

Personalized Service Model: Operating with approximately 1.5 full-time employees serving 510 members, Jefferson Stoppenbach Credit Union offers an intimate banking experience where members receive highly personalized attention. The small size enables staff to know members by name and understand individual financial needs.

Traditional Banking Philosophy: The credit union maintains a traditional, relationship-based approach to financial services. By focusing on in-person interactions rather than digital channels, the institution preserves the personal connection that characterized credit unions in earlier eras.

Strong Return on Assets: With a return on average assets of 1.18%, the credit union demonstrates efficient operations and sound profitability for an institution of its size.

Question 7

What type of financial institution is Jefferson Stoppenbach Credit Union?

Accepted Answer

Jefferson Stoppenbach Credit Union is a small, community-focused credit union serving members in Jefferson, Wisconsin. With approximately 510 members and nearly $2 million in total assets, this credit union operates as a member-owned cooperative financial institution.

The credit union specializes in basic consumer lending and savings services, focusing primarily on auto loans and consumer credit products. As a State Credit Union operating under Wisconsin charter number 66565, Jefferson Stoppenbach Credit Union maintains a local presence with personalized service tailored to its membership base.

As a member-owned cooperative, Jefferson Stoppenbach Credit Union operates on the principle of "people helping people." Members are both owners and customers of the institution.

Each member has equal voting rights regardless of account balance, and the credit union is governed by a volunteer board of directors elected from the membership. This democratic structure ensures the credit union remains focused on serving member needs rather than generating profits for external shareholders.

The credit union's not-for-profit status allows it to return earnings to members through competitive loan rates, higher savings dividends, and lower fees compared to traditional for-profit financial institutions.

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