Group of young people

Your credit union

Your deposits federally insured

The National Credit Union Administration (NCUA), the U.S. federal agency that regulates credit unions and insures their deposits, considers people in the credit union to be co-owner members, with their deposits representing ownership shares of membership. 

Your WPCCU deposits are insured by the NCUA up to $250,000. Your Individual Retirement Account (IRA) deposits are insured separately by the NCUA up to $250,000.

Financially transparent, certified safe

The people in the credit union pool their deposits to make loans to other people in the credit union.

All credit unions publish their financial statements for the people in the credit union. You can see the last three Annual Reports here. Government agencies and our accounting firm regularly audit the credit union’s financial statements and certify the cooperative as safe and secure.

Run for and by the people

All credit unions have a Board of Directors and a supporting Supervisory Committee. These are credit union members who are elected by a vote of all credit union members, commonly for terms up to three years. WPCCU volunteers donate their time without direct compensation.

The Board of Directors and Supervisory Committee oversee credit union leadership, who themselves are also commonly people in the cooperative. The Supervisory Committee continually audits the credit union operation to NCUA designated standards.

The Credit Union President is hired by the Board of Directors and reports directly to the Board. The President and the leadership team propose rates and policies to the Board of Directors for their approval.