Wichita Federal Credit Union
Company Description:
The Wichita Federal Credit Union exists to provide quality financial service for our members, utilizing professional management policies and procedures. We were chartered in 1940 and currently have an asset size of over $50 million. We are a member-owned, not-for-profit organization designed to meet our member’s financial needs. Profits are returned to our members in the form of lower rates on loans and higher dividend rates on shares. Our field of membership now includes all persons who live, work, worship, or attend school in, and businesses and other legal entities located within Sedgwick County, Kansas, members of their immediate families, and organizations of such persons.
We are federally chartered, regulated and examined by the National Credit Union Administration, an agency of the federal government. Savings are federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. Added protection is provided by the bonding of officials and employees.
Because the credit union is a not-for-profit financial cooperative, all of our members are part-owners of the credit union. Joining allows a member to become part of a membership that elects its Board of Directors at an annual meeting. A Supervisory Committee appointed by the Board of Directors examines all operations of the credit union and, by law, is charged with conducting and reporting regular audits.
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