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Why Choose a Credit Union?

Credit unions are not-for-profit financial cooperatives owned by the people who save and borrow. The money members deposit with the credit union provides the resources to lend to other members. Because we are a not-for-profit organization, we put people before profits and can offer higher returns on savings, lower rates on loans and fewer service fees.

Every member of the credit union also has an equal say in how the credit union operates, by casting a vote to elect the volunteer Board of Directors at the Annual Membership Meeting.

People helping people—it’s the credit union rallying cry.

image of heritage credit union headquarters

Our Story

The Oscar Mayer meat production company moved operations to Madison, WI, in the early 1900s. During the struggles of the Great Depression, Adolph C. Bolz, the son-in-law of Oscar Mayer, opened his own billfold to lend the employees of Oscar Mayer a few dollars between paychecks. In October 1934, the practice was made permanent when our credit union was incorporated, and the employees could pool their resources together to help each other out.

And yes, we definitely have a soft spot for Wiener Whistles, the Wienermobile and bacon.

Today, Heritage Credit Union serves more than 30,000 members in two states. We are a strong financial institution with $450 million in assets and more than 120 employees, who continuously look for ways to save our members money, reach out to our communities and enhance our services.

Click to view Heritage Credit Union's 2020 Annual Report

Board of Directors

Heritage Credit Union's Board of Directors comprises members of the credit union who are inspired by credit union activities and the best interest of the membership. Each director serves on a volunteer basis, and is elected by the membership of the credit union at the Annual Membership Meeting.


  • Greg Cullen, Chair
  • Brooke Frey, Vice Chair
  • Daun Maier, Secretary
  • Matt Young, Treasurer
  • Anita Rauch, CEO/President
  • Catie Shannon
  • Keith Schmidt

Richard J. McGrath Endowment Fund

The Richard J. McGrath Endowment Fund was created in 2007 as a way to honor our longtime voluntary board member, Dick McGrath. The purpose of this fund is to provide small grants for local social organizations in the communities served by Heritage Credit Union branches.

Applications are accepted from July 1 to August 31 each year, and recipients are chosen by November 1.

Since the fund was established, Heritage has donated more than $70,000.

Click here for more information on Heritage's endowment fund

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