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Message From Heritage Credit Union
The Oscar Mayer meat production company moved operations to Madison, WI, in the early 1900s. During the struggles of the Great Depression, Adolph C. Bolz, the son-in-law of Oscar Mayer, opened his own billfold to lend the employees of Oscar Mayer a few dollars between paychecks. In October 1934, the practice was made permanent when our credit union was incorporated, and the employees could pool their resources together to help each other out. And yes, we definitely have a soft spot for Wiener Whistles, the Wienermobile and bacon. Today, Heritage Credit Union serves more than 28,000 members in two states. We are a strong financial institution with $450 million in assets and more than 120 employees, who continuously look for ways to save our members money, reach out to our communities and enhance our services.
Credit unions are not-for-profit financial cooperatives owned by the people who save and borrow. The money members deposit with the credit union provides the resources to lend to other members. Because we are a not-for-profit organization, we put people before profits and can offer higher returns on savings, lower rates on loans and fewer service fees. Every member of the credit union also has an equal say in how the credit union operates, by casting a vote to elect the volunteer Board of Directors at the Annual Membership Meeting. People helping people—it’s the credit union rallying cry.
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