HistoryOn February 10, 1930, a group of federal employees decided to start a credit union. Madison Federal Employees Credit Union was chartered by the State Banking Department of Wisconsin as Madison’s first credit union. In January 1934, the credit union was informed that the word “federal” had to be eliminated from its name because the credit union was state chartered instead of federally chartered. Because the credit union volunteers had an office located in the Post Office Building on Martin Luther King Boulevard, the members decided to rename the credit union Post Office Credit Union. The volunteer board of directors also voted to increase the membership share to $5 similar to the other 3,800 credit unions in 46 states which existed during that time. In 2002, Post Office Credit Union became a community chartered credit union and could serve anyone living or working in Dane County plus all Wisconsin postal workers and their families. To reflect its community charter, the board of directors voted in 2013 to change the credit union’s name to its abbreviation, POCU. The name POCU recognizes its postal heritage, but doesn’t discourage non-postal employees from joining. Today our credit union serves 3,500 members.
LeadershipVolunteer members make up the board of directors of POCU. They donate their time unselfishly, attending meetings and governing the credit union for the benefit of all members. If you are interested in serving on the POCU board, please contact us.
Board of Directors
- James A. Wolff II, Chairman
- John Cuta, Vice-Chairman
- Susan L. Spahn, Secretary
- Richard V. Trameri, Treasurer
- Louis E. Antoine, Director
- Patrick D. Nee, Director
- Laurie Zimmerman, Director
- Kenneth L. Behnke
- Edwin Borke
- Kevin A. Yaeger, President
- Tammie A. Stuntebeck, Vice President
- Hannah Daggett, Receptionist
- Jim Dalton, Financial Services Representative
- Michelle Colden, Financial Services Representative
- Pam Bauhs, Financial Services Representative
- Janet Liesse, Accounting Manager
- Arnold Evensen, Collections
While other financial institutions focus on money, POCU focuses on people.
POCU is locally-owned, and our board of directors is elected by our credit union members. Decisions about the organization, its direction, programs and policies are made by our board for the benefit of our membership - great people who work or live in Dane County who are saving to buy a home, finance a child’s education or buy a car. Our board members are volunteers who understand our members’ needs and enjoy focusing on ways to meet those needs. Conversely, other financial institutions pay their board members to maximize profits for shareholders.
POCU’s mission is to promote the financial success of its membership. We are not-for-profit. The money we make here at POCU does not go to stockholders; it is returned in dividends, lower loan rates and higher savings rates to members.
GOOD RATES!We care for all members, and treat them as individuals. We take pride in serving new members who can’t get the financial help they need at other institutions. In addition to better rates on savings and lower loan fees, POCU provides financial counseling and guidance to those who need it.
GOOD ADVICE!Please join our credit union community and experience what it’s like to have financial products, services and advice that truly contribute to your financial well-being.
CU DifferenceCredit unions are different: They put people before profits. They go where other financial institutions can't or won't, to the benefit of members, nearby schools, small businesses, and other community organizations.
Credit unions are cooperatives owned by their members and led by a board of directors that is democratically elected from the membership. This structure and leadership ensures credit unions put members' interests first and priorities remain local.
Not for profit. For profit corporations. Credit unions have members, not shareholders.
Credit unions are accountable to members.
Banks have customers and shareholders. Banks are constantly cross-selling and targeting customers as numbers, not individuals. Credit unions are local, community based financial institutions. Members support their local communities when they are part of a credit union. Banks are big! The average size of a bank is double that of a credit union. Credit unions are democratically governed and elections are based on a one-member, one-vote philosophy. Banks are governed by paid shareholders. Voting rights depend on the number of shares owned. Insured by NCUA up to $250,000. Insured by FDIC up to $250,000. Earnings are returned to members through services like free ATMs, better rates and lower fees. Earnings go to outside bond and stockholders in the form of dividends. Access to your money. As part of a CO-OP, you have access to more than 30,000 surcharge-free ATMs as well as mobile and internet banking. Banks require customers to use their branded ATMs and branches for services and pay fees. Some services are unavailable outside the bank. Get more. This means higher rates on your savings, lower rates on loans, and honest insightful advice. They must make money from their customers to please shareholders. Their interest lies on the bottom line.