The Farmers State Bank of Waupaca was established on January 11, 1911 and opened for business on January 14, 1911. The first bank building was on the corner of Fulton and Main Street in what is now the Hart & Hart Law office. The bank was there until March 7, 1966 when it moved to the old Palace Theatre site at 112 W. Fulton Street. In the fall of 1977 the Farmers State Bank added additional drive-up lanes (originally it only had one) to the Fulton Street office.

The downtown office remained the only Farmers State Bank location until August of 1989 when the bank built its first branch at 717 Churchill Street. This bank was added to handle the growing demand for a bank on the east side of Waupaca. In December 1991, the Farmers State Bank expanded again, this time in King. The bank built its King Branch at N2701 Cty. Rd. QQ right next to the Veterans Home in King. This branch has helped serve the expanding area around the Chain O’ Lakes. The Auto Bank was opened in May of 1998 at 118 W. Session Street (1 block from its Main Office). This facility serves our customers as a quick access drive-up and has allowed the bank to expand its Main Office. Our fifth location was added on May 22, 2000 in Wild Rose. This branch will help serve the needs of the growing community in the Wild Rose area. On June 1, 2005, we opened our sixth location. This time opening a branch on the corner of Highways 96 & 110 at N560 State Road 110 in Fremont. On October 27, 2006, the bank closed the Churchill Street Station due to a decrease in traffic after the Auto Bank opened just one mile from the facility.

The bank has had 9 Presidents since 1911. Julius Rosholt (1911 to 1912), Kim Rosholt (1912 to 1916), Nathan Cohen (1916-1921), John F. Jardine (1921 to 1937), Harry W. Rawson (1937 to 1962), Philip L. Karling (1962 to 1969), Reuben M. Danielsen (1969 to 1987), Francis J. Vergauwen (1987 – 2010), and Laine M. Lazers (2010 to present). The leadership and guidance of these individuals, along with numerous other long-term employees, have created a very stable environment where the customers are able to get to know the employees over the years. These relationships are the key to our success.

An important note about the Farmers State Bank is that it opened as a Locally Owned, Independent, Community Bank and that still holds true today. Also, the Farmers State Bank is one of only three banks in the state of Wisconsin that did not close during the depression.

Our Mission Statement is as follows: “Working together with our customers and community as an independent bank by providing quality financial services in a friendly manner.” As a community minded bank, our money is reinvested to support our local communities including the following:

  • Schools
  • Industrial Development
  • Business Development
  • Youth & Adult Activities
  • Senior Activities
  • Recreational Activities
  • Church Groups
  • Local Charities
  • Local Government

We feel the communities of Waupaca, Wild Rose and Fremont are important. Without the local schools, businesses, groups and organizations, Waupaca, Wild Rose and Fremont would not be what they are today. We are happy to support these groups and organizations and look forward to helping these areas grow in the years to come.

Badgerland has been working with Farmers State Bank to help customers keep their money local since 2010. 

Personal Loans

Are you in the market for a vehicle such as a car, truck, or boat? Are you considering a major purchase like an entertainment center or washer and dryer? Do you have bills that may require a loan to pay them off? Farmers State Bank may have just the personal loan to fit your needs.


  • Auto Loans
    • Cars
    • Trucks
    • Motorcycles
    • New or Used
  • Vehicles
    • Boats
    • Snowmobiles
    • Recreational Vehicles
    • New or Used
  • Major Purchases
  • Bills

We Offer

  • Single Payment Loans (i.e. 30 day, 90 day, 6 months)
  • Installment Loans – 1 to 5 years
  • Unsecured loans – This type of loan requires no collateral
  • Secured loans – This type of loan requires collateral


For current rates, please call (715) 258-1400 and ask for our loan department.

Apply Today

To apply for your Personal Loan today, please fill out our online application.

About Community First Credit Union

Community First was established in 1975 to improve the quality of our members’ lives by providing them with high quality, competitive financial products and services that anticipate and exceed their needs. Our mission is to be our members’ primary financial services provider by:

  • Earning and maintaining member loyalty and trust
  • Maintaining a balance between sound growth, earnings and reserves
  • Providing a challenging and rewarding environment for our employees
  • Contributing to the well-being of the communities we serve

Our vision is to consistently demonstrate to our members and potential members that Community First is the best choice for the majority of their financial business and a place where everybody counts, everybody cares, everybody delivers-every day!

With over $2.9 billion in assets Community First Credit Union serves 134,947 members in Northeastern and East Central Wisconsin. Membership is open to anyone who lives or works in Outagamie, Winnebago, Calumet, Manitowoc, Kewaunee, Waupaca, Brown, Fond du Lac, Green Lake, Oconto, Shawano, Sheboygan, and Waushara counties.

We are governed by a volunteer Board of Directors that establishes and reviews policies. Our directors are Community First members who are elected by the membership and serve without pay.

A common bond of concern for others is what led to the founding of Community First Credit Union and lies at the heart of our “Community Service/Corporate Contributions philosophy.” Sponsorships, financial contributions, in-kind services and volunteerism give us the opportunity to impact and grow the quality of life for our members. We strive to live our mission by contributing to the economic health, social well being, and quality of life in all of the communities where our members live and work.


For the times when you need extra money, Community First will find a way with a variety of affordable loan types.  Whether you need to borrow for a vehicle, a home, an education, on-the-spot purchasing power or just about anything else, take advantage of your member/ownership with Community First to make getting your loan stress-free and at the lowest rate possible.

Badgerland has been working with Community First Credit Union to help customers keep their money local since 2013.

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