Media Contact: Joan Collins Publicity (608) 222-2899
Great Wisconsin Credit Union, formerly CUNA Credit Union, opens March 13 at 2424 Rimrock Road to better serve the residents of South Madison.
The new location is the fourth Great Wisconsin Credit Union branch in Madison and brings the total to eight branches in Dane County and Portage. The administrative staff, formerly at the Great Wisconsin Credit Union branch at 401 South Yellowstone Drive, has been relocated to the new 45,000 square foot, $4 million building. The Yellowstone Drive branch, just off Mineral Point Road, will continue to serve west side members.
Great Wisconsin Credit Union, formerly CUNA Credit Union, will employ 48 people at the new location. The credit union is occupying 60 per cent of the three-story building. A total of 3000 square feet on the first floor and all 15,000 square feet on the second level is available to companies interested in leasing space from Great Wisconsin Credit Union, according to Kim Sponem, CEO and president. J. H. Findorff & Sons is the general contractor and Strang, Inc. is the architectural firm.
Sponem said the south side location was selected because of the credit union mission to “serve the underserved.”
“As a not-for-profit cooperative, our mission is to make financial services convenient to low and moderate income families,” Sponem said. “The timing was right for Great Wisconsin Credit Union to move into South Madison.”
The credit union will include bi-lingual automatic teller machines open 24 hours a day as well as bilingual staff.
A Grand Opening is planned for March 17-20.
Great Wisconsin Credit Union is one of the first buildings at the Novation Technology Campus, located off East Badger Road, which is being developed by The Alexander Companies. The Novation Technology Campus will eventually include a million square feet of office, retail and commercial space. The credit union received a $300,000 brownfields grant to clean up the three acres of vacant industrial land. Brownfield grants are awarded to spur redevelopment and encourage community growth, Sponem said.
All branches of Great Wisconsin Credit Union, with assets of $350 million, are open to the public. There are 42,000 members and 160 employees.