Question 1

What is Wichita Falls Credit Union (WFCU)?

Accepted Answer

Wichita Falls Credit Union (WFCU) is a federal credit union headquartered in Wichita Falls, Texas, serving employees, retirees, and family members of the City of Wichita Falls and related government entities. As of 2025, the credit union manages approximately $34.1 million in assets and serves over 2,700 members.

The credit union operates with a multiple common bond membership structure, focusing primarily on federal, state, and local government employees. WFCU is a not-for-profit financial cooperative owned and operated by its members, following the credit union philosophy of "people helping people."

Question 2

When was Wichita Falls Credit Union (WFCU) founded?

Accepted Answer

Wichita Falls Credit Union was chartered on September 14, 1949, as a federal credit union under charter number 6317. The credit union was originally established to serve employees of the City of Wichita Falls, including municipal workers and those employed by related government agencies.

Over its 75-year history, the credit union has maintained its focus on serving public sector employees in the Wichita Falls area while expanding services to include family members of eligible employees.

Question 3

Where is Wichita Falls Credit Union (WFCU) headquartered?

Accepted Answer

Wichita Falls Credit Union is headquartered at 3410 McNiel Avenue in Wichita Falls, Texas. The credit union's main office serves as its primary service location for members in the Wichita Falls metropolitan area.

Question 4

Where does Wichita Falls Credit Union (WFCU) operate?

Accepted Answer

WFCU operates in Wichita Falls, Texas, and the surrounding Wichita County area. The credit union's field of membership is limited to specific groups, including employees and retirees of the City of Wichita Falls, Wichita Falls Housing Authority, Wichita County Water Districts 1 & 2, and the Wichita County Appraisal District.

Family members and household members of eligible individuals are also able to join the credit union. This focused membership structure allows WFCU to provide specialized services tailored to the needs of local government employees and their families.

Question 5

What services does Wichita Falls Credit Union (WFCU) offer?

Accepted Answer

WFCU provides a comprehensive range of financial products and services designed to meet the needs of its members:

Deposit Accounts: The credit union offers regular share savings accounts, checking accounts, money market accounts, certificates of deposit (CDs), Individual Retirement Accounts (IRAs), and specialized accounts like Christmas club savings.

Lending Products: Members have access to various loan options including auto loans, motorcycle loans, boat and ATV loans, travel trailer financing, home equity loans, vacation loans, appliance and computer loans, and signature loans. The credit union also offers competitive refinancing programs, including promotions that provide up to $100 for vehicle loan refinances from other financial institutions.

Digital Banking Services: WFCU provides robust online banking and mobile banking platforms with features including mobile check deposit, bill pay services, account-to-account transfers, e-statements, and customizable account alerts. Members can access their accounts 24/7 through online banking, the mobile app, or automated telephone banking at (940) 763-1301.

Additional Services: The credit union offers direct deposit and payroll deduction services, wire transfers and electronic transfers, card control features for security management, and investment services including IRAs.

Question 6

What makes Wichita Falls Credit Union (WFCU) unique?

Accepted Answer

WFCU distinguishes itself through its dedicated focus on serving government employees and their families in the Wichita Falls community. The credit union's specialized membership creates a close-knit financial cooperative where members share common employment backgrounds and community ties.

The credit union emphasizes personalized service and local decision-making, operating as a member-owned institution without stockholders. This structure allows WFCU to focus exclusively on member benefits, often resulting in competitive rates on loans and deposits.

WFCU offers convenient payroll deduction services specifically for City of Wichita Falls employees, making it easy for members to save money and make loan payments automatically through their paycheck. The credit union maintains strong relationships with local government departments and has deep roots in the community dating back over seven decades.

With a strong capital position reflected in its 11.69% net worth ratio and consistent growth in deposits, loans, and membership, WFCU demonstrates financial stability while maintaining its commitment to serving public sector employees.

Question 7

What type of financial institution is Wichita Falls Credit Union (WFCU)?

Accepted Answer

Wichita Falls Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a federal credit union, WFCU operates under a multiple common bond membership structure, primarily serving federal, state, and local government employees.

Credit unions are member-owned, not-for-profit financial cooperatives that operate democratically with each member having an equal vote regardless of account size. Unlike traditional banks that aim to generate profits for shareholders, credit unions return value to members through better interest rates, lower fees, and enhanced services.

Member deposits at WFCU are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States government, providing the same level of protection as FDIC insurance at banks.

Wichita Falls Credit Union (WFCU)

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About Wichita Falls Credit Union (WFCU) in the United States