Landmark Credit Union

Landmark Credit Union is a financial cooperative and nonprofit organization providing banking services primarily in Southern Wisconsin, with operations extending into Northeastern Wisconsin and parts of Illinois. It is owned by its members, who benefit from its not-for-profit structure through better rates and lower fees.

History

Landmark Credit Union was founded in February 1933 as Rex #2 Credit Union by employees of Rex Chainbelt Company (later Rexnord Corporation) to offer financial services to company employees. Over the years, the credit union underwent several name changes, including Chabelco Credit Union and Rexnord Credit Union. In 1985, it expanded its membership eligibility to include residents of the greater Milwaukee area, prompting a name change to Landmark Credit Union.

Expansion and Mergers

Landmark Credit Union has grown significantly through mergers with other credit unions and financial institutions. Notable mergers include Hartford Savings Bank, Badger Campus Credit Union, Dodge Central Credit Union, and others, which have contributed to its expansion to over 35 branches across Southern Wisconsin. The credit union also serves Lake and McHenry counties in Illinois.

Membership Eligibility

Membership is open to individuals living or working in specific counties in Wisconsin and Illinois. Eligible counties in Wisconsin include Brown, Calumet, Columbia, Dane, Dodge, Fond du Lac, among others. In Illinois, membership is available for residents of Lake and McHenry counties. Immediate family members of eligible individuals are also qualified for membership.

Community Involvement

Landmark Credit Union is committed to community involvement and supports initiatives that promote financial education, youth success, family well-being, and community togetherness. It engages in volunteer work and provides resources to local organizations that align with its mission.

Financial Overview

As of the latest available data, Landmark Credit Union has over $6 billion in total assets and serves more than 390,000 members. Its revenue is primarily generated from program services and investment income.

Leadership and Structure

The organization is headed by President and CEO Jay Magulski, with a leadership team that includes Mark Kennedy as Chief Lending Officer and Steve Hannan as Chief Information and Risk Officer. The credit union operates under a board of directors, ensuring governance that reflects its cooperative structure.

Mission and Vision

Landmark Credit Union aims to empower its members financially and strengthen the communities it serves through financial education, meaningful offerings, and exceptional service. Its vision is for all individuals in its communities to be financially empowered to achieve their dreams.

[1] https://en.wikipedia.org/wiki/Landmark_Credit_Union [2] https://landmarkcu.com/about-us/community/ [3] https://projects.propublica.org/nonprofits/organizations/390203995 [4] https://landmarkcu.com/about-us/ [5] https://landmarkcu.com