Who We Are

History

Public Service Credit Union was chartered in 1935 by and for employees of Wisconsin Public Service (WPS), to provide affordable and accessible savings and loan products for WPS employees and their immediate families. What started with just a few employees pooling their resources together has become a financial institution with over $11 million in assets, helping thousands of members purchase homes, vehicles, and save money over the past 90 years.

Public Service Credit Union is a proud member of the Wisconsin Credit Union League as well as America’s Credit Unions.

What is a Credit Union?

Credit unions are not-for-profit cooperative (co-op) financial institutions owned by their members instead of stockholders. Because credit unions are not-for-profit, they return their earnings to members in the form of more competitive rates, lower and fewer fees, and improved services. In 2023 alone, Wisconsin’s 3.8 million members saved $520 million in better rates and fewer fees.

Credit unions offer familiar services to other financial institutions, such as savings and checking accounts, debit and credit cards, vehicle and mortgage loans, student loans, IRAs, and more. Deposits in credit unions are fully insured up to $250,000 by the NCUA, similar to FDIC coverage at banks.

The difference with credit unions lies in their structure: they are not governed by stockholders expecting to earn hefty profits, but by board members democratically elected by their membership. Account holders at a credit union are referred to as "members" or "member-owners" because credit unions serve defined fields of membership based on common bonds such as an employer, family, geographic location, or membership in a group (examples - place of worship, school, labor union, homeowners' association).

As not-for-profits, money that is made by credit unions is invested in member benefits in the form of higher interest rates on savings, lower interest rates on loans, fewer fees, complimentary financial counseling, and more.

Who Can Become a Member?

Any employee of the WEC Energy Group, its subsidiaries and affiliates, residing in the State of Wisconsin may become a member of Public Service Credit Union. This includes: spouse, parents, children, stepparents, stepchildren, grandparents, and grandchildren. Any other relative who resides in the same household as a credit union member may also qualify.

How can you become a member?

Contact the credit union or use the form below to apply for membership. A deposit of at least $25.00 is required to open an account. Proof of eligibility will be required (a WPS or WEC Energy email address or pay stub is sufficient).

Staff

Board of Directors