Brokaw Credit Union is committed to making a meaningful difference in the lives of our members.
As a member, you will be:
• Provided with innovative, quality products and services
• Assisted by a professional, knowledgeable, courteous staff
• Protected in a secure environment
Brokaw Credit Union - Welcoming New Members of ALL ages
|Brokaw Credit Union Board Members
Jessica Van Vuren
Brokaw Credit Union was originally chartered in 1952 as Wausau Paper Mills Employees Credit Union, serving the employees and family members of Wausau Paper Mills, located in Brokaw, Wisconsin. This employee group desired a local, cooperative financial service where individual resources would be pooled in order to provide affordable loans for those in need. The first "office" was located on the person of the credit union treasurer, who took deposits and made loans out of his shirt pockets. Disclosures and paper work were later completed at his home, where records were stored in sturdy shoe boxes. (Today it seems, one would need a shoe box just to distribute the disclosures!)
Paul Schultz, Co-Founder & Ed Rahn, Co-Founder and First Treasurer
The first dividend rate paid on savings was 1% and loan rates were 12%. Deposits were always welcome, but one had to have a written 30 day notice to withdraw!
As time progressed, a real office was allowed in a corner of the mill, and eventually relocated to a vacant house in the village.
In 1982 a brand new office building was constructed in Brokaw, and the name officially changed to Brokaw Credit Union. Because of its financial health and progressive stance, various mergers occurred throughout the first half of the 1980's. Subsequently, the credit union's field of membership was expanded in 1986 to include all individuals residing or working in Marathon County or southern Lincoln County. An additional office was built in the Village of Weston to accommodate members on Wausau's south side.
In 2002 BCU received approval to expand its charter to all those who work or reside in Portage, Clark, Waupaca, Shawano and all of Lincoln County.
Safe money management, technological awareness, and personal member contact have helped bring the credit union to its current position of strength.
Having now served its membership for 50 years, Brokaw Credit Union continues to strive to be the personal caring, up-to-date financial cooperative it was originally created to be.
What makes a Credit Union Different?
The idea for credit unions was based on the simple principle that ordinary people could pool their money and make loans to each other. Credit unions are financial cooperatives owned by the people who save and borrow there. Once you deposit money in a credit union, you become a member, and every member is an owner with an equal vote in the election of the credit union’s volunteer board of directors. Credit unions return earnings to their members in the form of lower rates on loans, higher dividends on savings, and fewer and lower service fees.
As with other financial institutions, credit unions are regulated by state and federal agencies. The funds credit union member’s deposit, are insured by the National Credit Union Administration up to $100,000.
As a credit union member, you can:
Get services you’d expect from a bank, but save hundreds of dollars per year due to lower loan rates, higher interest earnings, annual dividends and low fees. That’s because unlike for-profit banks, credit unions are not for-profit; we do everything we can to help YOU get ahead!
Have a say in how service is delivered. As a depositor at the credit union, you have a vote and can participate in annual meetings that affect how our credit union is run. Our board members, who are unpaid volunteers elected by the membership, are constantly looking after your best interest. As bank mega-mergers put the fee-squeeze on consumers and push decisions about lending away from local communities, you’ll be protected knowing our democratically-controlled credit union keeps service high and close to home.
Rest assured: your funds are safe and insured. Brokaw Credit Union is regulated by the National Credit Union Administration (an agency of the federal government) and insures accounts up to $100,000. Our insurance system, called the National Credit Union Share Insurance Fund (NCUSIF) is similar to banks’ FDIC insurance, except our system is funded by credit unions instead of taxpayers.
If you’re interested in becoming a member, complete the membership application form, stop by one of our offices, and we’ll get you signed-up!
300 Everest Ave
PO Box 151
Brokaw, WI 54417(MAP TO SITE)
2006 Schofield Ave
PO Box 199
Weston, WI 54476 (MAP TO SITE)
M, T, Th 9:00-4:00
Closed Wed and Sat
M, T, Th 8:30-4:30
Closed Wed and Sat
Mon-Thurs 8:30 a.m. to 4:30 p.m.
Friday 8:30 a.m. to 5:30 p.m.
Monday 7:30 a.m. to 5:00 p.m.
Tues, Wed, Thurs 8:30 a.m. to 5:00 p.m.
Friday 7:30 a.m. to 5:30 p.m.
Saturday 9:00 a.m. to 12:00 noon
Brokaw Credit Union
2018 Holiday Schedule
Unless otherwise indicated, BCU is closed all day on the date listed
Monday, May 28
Wednesday, July 4
Monday, September 3
Thursday, November 22
Christmas Eve Day
Monday, December 24
Tuesday, December 25
New Year's Eve Day
Monday, December 31, Close at 4:00 p.m.
New Year's Day 2019
Tuesday, January 1, 2019