Press
UW Credit Union Purchases Borders Property in Madison, Wisconsin
Lisa Girdharry
Director of Marketing & Communication
UW Credit Union
lgirdharry@uwcu.org
800-533-6773, ext. 2274
July 27, 2011 – Madison, WI – UW Credit Union is announcing the purchase of the former Borders building at 3750 University Avenue in Madison. They plan to move the branch retail space and investment services offices from their current headquarters building at 3500 University Avenue to the first floor of the former Borders building. Their corporate offices will remain in the current location.
The Borders building was constructed in 2001, so the facilities are fairly new. To accommodate the relocation, they will be remodeling the interior and adding drive-up lanes to the rear of the building. UW Credit Union expects to have the transition completed by December 2011.
“Since we opened our home office on University Avenue in 1995, our membership has grown from 69,000 to over 158,000,” said Brad McClain, Executive Vice President and Chief Financial Officer for UW Credit Union. “Over the last two years, we’ve seen membership grow, on average, by about 13,000 per year. We’ve quickly outgrown our current space, so we’ve had to identify ways to accommodate our increasing space needs.”
In addition to membership growth, UW Credit Union has increased its workforce to keep up with the needs of the membership. This move will provide for additional employee workspaces and parking for future growth at the corporate office.
“When Borders announced it was closing their location so close to our headquarters, we identified the opportunity to utilize the convenience of this retail space,” said Paul Kundert, President and CEO of UW Credit Union. “By relocating our retail branch services to the new building, we will accommodate space needs created by growth and make it possible for our corporate office to serve our needs for many more years. We continually seek opportunities to expand our services and offer convenience to existing members—and to welcome new members to the credit union.”
About UW Credit Union
UW Credit Union is a growing, federally insured financial institution and a leading provider of a full range of financial services to University of Wisconsin communities. UW Credit Union’s 371 employees serve the financial needs of more than 158,000 members through world-class technology systems, and through a convenient network of 19 branch locations and 95 ATMs. With assets totaling more than $1 billion, UW Credit Union is ranked nationally among the leading credit unions. Founded over 75 years ago by members of the University of Wisconsin community, UW Credit Union continues to operate as a not-for-profit, member-owned financial cooperative with locations in the Madison, Milwaukee, Stevens Point, Green Bay, Oshkosh and Whitewater areas. Visit UW Credit Union at uwcu.org to learn more.