Wisconsin
REGULATING AGENCY: Wisconsin Department of Financial Institutions; Office of Credit Unions
Wisconsin State Capitol
- Cheryll Olson-Collins, Secretary
- Thomas E. Theune, Director of the Office of Credit Unions
- Website: wdfi.org/fi/cu
ACCREDITED: 2001
LEAGUE: Wisconsin Credit Union League
- Brett Thompson, President / CEO
- Website: theleague.coop
PRIVATE SHARE INSURANCE: No
2023 STATS
- Largest SCU: SUMMIT CU $6.56B in assets
- Largest FCU: ALTRA FCU $2.70B in assets
| Second Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 109 | 3 | 112 | 97.32% |
| Credit Union Members | 3.58M | 198,776 | 3.78M | 94.74% |
| Credit Union Assets | $62.28B | $3.56B | $65.84B | 94.59% |
FUN FACT
The House on the Rock was designed and built in the early 1940s. It is considered an architectural marvel and is perched on a 60-foot chimney of rock. The 14-room house is now a complex of rooms, streets, buildings, and gardens covering over 200 acres. The Infinity Room contains 3,264 windows.
RECENT NEWS
$22.5 Million Multistate Securities Settlement Against Crypto Platform Nexo Capital
Feb. 3, 2023 — The Wisconsin Department of Financial Institutions (DFI) today announced it has entered into a consent order with Nexo Inc. and Nexo Capital Inc. (Nexo) to resolve the DFI’s November 3, 2022, securities enforcement action in connection with Nexo’s Earn Interest Product program.
Nexo, formed in 2018 in the Cayman Islands, provides crypto-asset-related financial services, including investing, trading, borrowing, and lending, to retail and institutional customers in the United States. The Earn Interest Product program offered investors interest-bearing crypto asset accounts commonly referred to as “crypto interest accounts.”
A North American Securities Administrators Association (NASAA) working group—composed of the DFI and state regulators from California, Washington, Kentucky, New York, Oklahoma, Indiana, Maryland, South Carolina, and Vermont—led a comprehensive investigation into Nexo’s Earn Interest Product program. From September through November 2022, these regulators brought actions against Nexo, concluding that Earn Interest Product accounts are securities and require investor protections, such as registration and risk disclosures, before they can be offered and sold to investors. Read more
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