Ripco Credit Union

Ripco Credit Union

  • PO Box 278
  • Rhinelander, Wisconsin
  • 54501

Description

ipco Credit Union obtained its state charter on November 1, 1932. It was organized by Charles Hyland, and initially, membership was available to employees of the Rhinelander Paper Company and of Ripco Credit Union, and their immediate families. The name "Ripco" is an acronym for Rhinelander Industrial Paper COmpany.For 21 years, Ripco Credit Union occupied a small room within the Paper Company. It was a part time operation, manned strictly by volunteers. In 1953, Glen "Bucky" Reed was hired as the first full time employee.With regular hours of operation and the addition of more employees, the Credit Union grew rapidly, and more services were made available to the members. This created the need for a larger facility, and property was purchased from Cleary's Dairy on Sutliff Avenue in Rhinelander. Ground-breaking ceremonies were held on October 2, 1969, and completion of the new Ripco Credit Union building was celebrated with an Open House on July 26, 1970.

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