Tuesday, September 27, 2016

Wisconsin Governor Announces Major Expansion in UW CU's FOM

Governor Scott Walker joined officials from University of Wisconsin (UW) Credit Union and the Department of Financial Institutions (DFI) to announce a change in the credit union’s field of membership (FOM) eligibility requirements.

The UW Credit Union Board of Directors recently approved a change in membership eligibility. Now, in addition to UW System past or present students, any Wisconsin resident who is currently enrolled or has attended any accredited institution of higher education can do business with the UW Credit Union. The Office of Credit Unions at DFI certified this change on September 8, 2016.

According to the press release, this will provide additional opportunities for the managing educational expenses and refinancing of student loan debt across the state.

Read the press release.

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