Ribbon Cutting Ceremony to Take Place Sept. 25
Marshfield Medical Center Credit Union will hold a ribbon cutting ceremony on Wednesday, Sept. 25 at 5:15 p.m.
“We are celebrating the renovation of our building – updated for a more modern feel with new technology and an improved member experience,” said President Carol Adler.
MMCCU is a closed charter, not-for-profit financial institution dedicated to exclusively serving the financial needs of employees in the medical community and their immediate families, therefore designed to best serve the financial needs of this specific group of people.
Everyone from doctors to chiropractors to dentists can take advantage of what MMCCU has to offer, included savings accounts, health savings accounts, checking accounts that earn dividends, auto loans, financial planning services, surcharge-free ATMs, and more.
Organized on October 21, 1965 under the name “St. Joseph’s Hospital Employee Credit Union,” 75 individuals attended the organizational meeting at St Joseph’s Hospital.
Prior to this meeting, these individuals had submitted an application for charter to the Wisconsin State Bank Department, which subsequently had been approved. The purpose of this meeting was to officially set up the credit union, a task which included the election of a board of directors and a credit committee.
From October 21 to November 3, 1965, 69 individuals applied for membership in the Credit Union. Original membership was restricted to hospital employees and members of their immediate families only. In 1973, membership adopted an amendment to change the name to Marshfield Medical Center Credit Union and to extend members to include all medical personnel and all personnel related to the medical field employed in Marshfield.
In 1985, the Credit Union relocated from within St. Joseph’s Hospital to its own location on St. Joseph’s Ave. At this time, MMCCU added a drive-up window, more parking, and a separate loan office for privacy.
In 1997, MMCCU built what is their current facility at 302 W Upham. At this time, the credit union held more than $14 million in assets, with 4,472 members. In 2003, the building expanded with a 4,200 square ft. addition, at which time MMCCU held $30 million in assets with a total membership of 5,305. The new addition celebrated an open house in winter 2004, celebrating an expanded space for staff to better serve customer needs.
Today, as the credit union approaches its 55th anniversary, MMCCU holds close to $70 million in assets. Earlier this year, MMCCU completed a full interior remodel designed to foster comfort and to incorporate new technology for staff and customers.
Ribbon Cutting Agenda
Welcome & Master of Ceremony – Matt Eckelberg, MACCI Board President
Mayor Bob McManus, City of Marshfield
Carol Adler, President, Marshfield Medical Center Credit Union
Brooks Burt, Board Chair, Marshfield Medical Center Credit Union
Ribbon cutting
Refreshments
Technology an Important Element of Local Credit Union Remodel
Author: News Desk
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