President's Report 2023

President's Report

Dear Member of Central Wisconsin Credit Union,

First & foremost, I want to express my sincere appreciation to our members, who have placed their trust in us & made CWCU a successful financial institution in this area.  Our growth & success would not be possible without your unwavering support & loyalty.

Over the past year, you have most likely seen some new faces around both offices.  This was due to the departures of some long tenured employees due to retirements in 2023 (Delores Rinka, Gaby De Breining, & Kaye Niemi).  Even though we have lost these great individuals, CWCU will continue to bring our members the absolute best service possible.  Now for some 2023 financial news.  CWCU’s loan portfolio grew to approx. $30M in loans.  CWCU’s Net Capital Ratio rose from 8.65% at the end of 2022 to 9.34% at the end of 2023.  In 2023 CWCU gave back a total of $326,170 to its members (Doubled Dividends Earned for The Year) & lenders (25% of interest paid on loans with CWCU).  This was the largest return in the history of the CU!! 

As CWCU embarks on its 89th year, we are poised for continued growth and success.  Our focus on member satisfaction, financial stability, and community engagement will remain priority number 1.  We are excited about the opportunities that lie ahead including a new debit card program which was released in February 2024, contactless credit cards which should be release by the end of 2nd quarter 2024.  And finally, remote deposit capture which is currently being explored & could be released as early as year-end 2024.

In closing, I would like to express my gratitude to our members, dedicated staff, and the Board of Directors for their continued support & loyalty.  Together, we have built a strong and resilient financial institution that is truly member owned and member focused.

Thank you for your trust in Central Wisconsin Credit Union

Let’s Make 2024 our best year ever!!!


Nick Helbach

CWCU President  

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