About Us
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Utilities Credit Union will strive to be the lending and savings institution of choice for Xcel Energy and its subsidiary employees, retirees and their families. Utilities Credit Union will:
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Geographically, our service area spans from Hudson in the west, Ironwood Michigan to the north, Abbotsford to the east and Durand to the south. In addition, UCU's family of members are scattered throughout the USA. As the pool of potential new members expands with Xcel Energy's ever-expanding service area our geographic borders also continue to grow. | ||||||||||||||||||||||||||||||||||||||||||||
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Utilities Credit Union is the 2nd oldest Credit Union in the Chippewa Valley Charter of the Wisconsin Credit Union League. Other affiliations include:
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Joining UCU is easy!. Simply open a share account!
Mail to: Utilities Credit Union, P.O. Box 8, Eau Claire, WI 54702 To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. | ||||||||||||||||||||||||||||||||||||||||||||
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April 1, 2008 Dear Member, The Board of Directors held its 75th annual membership meeting on Thursday, February 28, 2008 in the Employee Room at the Xcel Energy Skypark facility. The meeting included a recap of credit union activities in 2007, a report on the state of the credit union, a thorough review of financial reports and the election of new directors to serve on your Board of Directors. While members enjoyed pizza and refreshments, door prizes were awarded and the meeting adjourned. Election results for four regular, 3-year terms and one 1-year term director positions were announced. Incumbent Directors Heidi Faulkner, Jeff Scholze and John Ness were re-elected to 3-year terms. Newly elected Director, Greg Axness will fill a 3-year term and newly elected Director Dorothy Lehmann will fill the 1-year term. Congratulations to all. A reorganization meeting was held immediately following the annual meeting. A number of administrative decisions were made, including voting on Board executive positions. As a result, I will continue as Chairman of the Board, Scott Seaholm as Vice Chairman, Steve Keegan as Secretary and Jeff Scholze as President-Treasurer. Following the reorganization meeting, Randy Ovaska submitted his resignation as Secretary and Board member effective February 29. The Board appointed William J. (BJ) Rauckman to fill this vacant Director position, whose term expires at the next annual meeting. On Saturday, March 29, the Board gathered in the Skypark Boardroom for a half day of strategic planning. Our primary focus dealt with future staffing issues due to impending retirements. As with the utility industry as a whole, there will be a great wealth of credit union knowledge leaving us within the next year or two; however, we now feel we have a good strategy to address the issue. Also discussed were the goals and progress from last year’s session plan, marketing strategies and strategic direction for the credit union. Finally, goals were established for both standing and ad hoc committees and members were assigned to them. I hope your spring brings a renewed sense of fresh beginnings and prosperity after this past long and arduous winter. Sincerely, John R. Ness Chairman 74th Annual Meeting Summary
The 74th Annual Meeting of the UTILITIES CREDIT UNION was held February 22, 2007 at the Xcel Energy Sky Park Building. Chairman John Ness called the meeting to order. There were 32 members present, constituting a quorum. The minutes of the 2006 Annual Meeting were approved. Al Gruba of the Nominating committee presented the slate of nominees of Board Directors for the three (3) three-year terms and two (2) one-year terms to be filled. Chairman Ness asked for any additional nominations from the floor. The membership cast their ballots, and the ballots were then collected to be tabulated. Vice-Chairman Keegan introduced Chairman Ness who gave an overview of UCU activities and accomplishments for 2006. He also discussed challenges we may face in 2007. He also extended a note of thanks to UCU staff, directors and members for a successful year. A copy of his report is attached to these minutes. Chairman Ness introduced Jeff Scholze, UCU President-Treasurer who gave an overview of the financial condition of the Utilities Credit Union for 2006. A copy of UCU’s Annual Financial Report and the President/Treasurer’s agenda along with his report analysis is attached to these minutes. The reports of the Credit and Examining committees were presented and approved. Copies of these reports are attached to these minutes. As a result of the election, Lloyd Dallmann, Steve Keegan, and Scott Seaholm were each elected to three-year terms expiring February 2010. Heidi Faulkner and Mark Gilles were elected to fill the one-year terms expiring February 2008. A motion was made, seconded and carried to destroy all ballots after a 30-day retention period. Communications – UCU President-Treasurer Jeff Scholze presented The UCU 75th Anniversary plaques from the Wisconsin Credit Union League and CUNA Mutual Group to Chairman John Ness. There was no old business. There was no new business. John Ness recognized outgoing Directors Vicky Berg and Rich Jaenke, and thanked them for their service with UCU. Door prize drawings were held at the end of the meeting. There was no further business, meeting was adjourned and lunch was served. Respectfully submitted, Secretary ___________________. Chairperson ____________________. (These minutes have not been officially approved by the membership.) | ||||||||||||||||||||||||||||||||||||||||||||
Established in 1932, Utilities Credit Union (UCU), a not-for-profit financial institution serves the employees, their spouses and children, and retirees of Xcel Energy. This makes UCU a select employee group (SEG) credit union, and classified as a closed, state chartered credit union. Current memberships, which exceeds 1,150 members, represent assets of over $6 million.
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