The $1.2 billion UW Credit Union has signed a deal with the University of Wisconsin-Madison that will allow students to use their identification cards at the CU's ATMs.
The deal includes the credit union opening and renting the space for a branch in a new student union building and contributing $1.75 million to the new building's construction. The CU will also pay the university $286,000 per year to support the card changes and coordination needed for the ATM functionality.
The credit union will gain all the interchange from the cards, according to Lisa Girdharry, UW's director of marketing.
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