Credit Union Deposits Remain Safe and Insured Rates of Return are Strong!

In response to the current financial climate relating to the failures of three US banks in a week, Stacey Mills, President/CEO of Welcome Federal Credit Union (WFCU), issued a statement on March 20, 2023.

“We understand the recent news in the financial industry is causing significant concerns for everyone.

Your money is safe and sound at Welcome Federal Credit Union (WFCU), just as it has been for the last 49 years.  WFCU is a well-capitalized Credit Union, maintaining sufficient liquidity throughout the pandemic and through these turbulent times, ensuring we can constantly meet your cash and lending needs.

All deposits at WFCU are insured up to $250,000 per individual depositor.  Your money is safe at WFCU, and you can always access your funds when needed.”

At WFCU, your money is safe and fully insured.  Use the National Credit Union Association (NCUA) calculator to determine your current level of insured coverage.  Meet with a WFCU representative to determine how to structure your accounts to maximize your insurance levels.

Credit union members have never lost a penny of insured savings at a federally insured credit union.1

  • Jim Nussle, President and CEO of the Credit Union National Association (CUNA), stated, “The credit union difference means that credit unions act with the best interests of member-owners at heart, and credit unions will continue to meet member needs.”2
  • “The credit union system remains well-capitalized and on a solid footing,”3 according to Todd Harper, Chairman of the NCUA.  He says, “Credit unions have access to a wide range of liquidity sources.”4
  • NCUA’s Supervisory Priorities underscore the credit union industry’s regulatory guidelines for risk management and risk policy.

With interest rates forecasted to rise through the end of 2023, you can watch your money grow safely in a Welcome Savings account.  You will always have access to your money, and you will always be protected.  You’re always welcome at WFCU!

1,2, https://news.cuna.org/articles/122233-ncua-cuna-respond-to-bank-failures-cu-deposits-remain-safe-insured

3,4 https://ncua.gov/newsroom/press-release/2023/statement-ncua-chairman-todd-m-harper 

🗓️ Scheduled Maintenance: Online banking will be temporarily unavailable on May 19, 2026, from 2:00 a.m. ET to 9:00 a.m. ET as we complete a scheduled upgrade. We appreciate your patience.

🗓️ Henderson Branch: Our Henderson branch will be open from 10 AM - 3 PM on Thursday, August 20.

🗓️ Welcome Federal Credit Union will be closed on Monday, May 25 in observance of Memorial Day.

🗓️ Welcome Federal Credit Union will be closed on Friday, June 19 in observance of Juneteenth.

🗓️ Welcome Federal Credit Union will be closed on Friday, July 3 in observance of the 4th of July.

🗓️ Welcome Federal Credit Union will be closed on Monday, September 7 in observance of Labor Day.

🗓️ Welcome Federal Credit Union will be closed on Monday, October 12 in observance of Columbus Day. 

🗓️ Welcome Federal Credit Union will be closed on Wednesday, November 11 in observance of Veterans Day.

🗓️ Welcome Federal Credit Union will be closed for the Thanksgiving Holiday on November 26 & 27, 2025.

🗓️ As we close out 2026 and think forward to 2027, WFCU would like to wish all of our members and their families a wonderful holiday season and a prosperous New Year! Please be advised of our holiday schedule. 

Our auditors, Cantey Tiller Pierce & Green, LLP, may contact select members for routine account verification. Thank you for your careful review.

🗓️ Mark your calendar: WFCU's 2026 Annual Meeting - Members Only -  is Wednesday, May 20. RSVP today!

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