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CREDIT UNION
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CREDIT UNION

ABOUT

Q - What savings plans do the Credit Union offer?

A - Regular Share Account - This is a main account for savings and withdrawals.

Christmas Club - This account is open for enrollment on November 1 and closes on January 2. Funds are distributed during the first week of November, the following year of enrollment.

Vacation Club - This account is open for enrollment on April 1 and closes on May 31. Funds are distributed during the first week of April, the following year of enrollment.

New members can join either the Christmas Club and/or Vacation Club when opening their accounts.

Q - How much dividends does the Credit Union pay?

A - The Credit Union's dividend rates are variable and paid at the end of each quarter, which includes March, June, September and December.

Q - How can I make deposits or withdrawals from my account?

A - Deposits can be made by cash, check, money order, or payroll deduction at the Credit Union office during the regular business hour. With drawals can be made by coming to the office between 12:30 - 1:30 pm

Q - Does the Credit Union offer Loans?

A - Yes! Currently the Credit Union offers unsecured loans up to a $3,000 maximum.

Q - How do I apply for a loan?

A - Applications can be picked up at the Credit Union office. After completing the application, it should be retuned to the office. Applicants must be a savings member for 60 days prior to making a loan application. Each application is then reviewed by the Credit Committee, which meets each Wednesday. Each application is approved or disapproved based on the applicant's history and debt income ratio. Loans are disbursed on availability of funds. One loan payment plus a $5.00 share must remain in your account until the loan is paid off.

Q - How can I become a member of the Credit Union?

A - Fill out a membership card, deposit $5.00 (for one share), and you will become a member of WILBERFORCE UNIVERSITY FEDERAL CREDIT UNION.

Q - Who can join the Credit Union?

A - All staff, faculty , administration and Wilberforce surrounding community are able to join the Credit Union. If you are a member, your immediate family can also become a member too.

SPECIAL NOTES
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The Wilberforce University Federal Credit Union is federally audited once a year.

The Wilberforce University Federal Credit Union is federally insured for up to $100,000.00 per account.

The Credit Union's Committee members are elected at the Annual Meeting. All members are encouraged to take an active part.

The Credit Union welcomes and encourages suggestions from its members.

THE MEMBERS OWN AND OPERATE THE CREDIT UNION, AND THE KEY TO OUR SUCCESSFUL OPERATION IS THE POOLING OF OUR SAVINGS AND WORKING TOGETHER TO MAKE THE CREDIT UNION GROW.

OFFICERS:
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PRESIDENT
Alforetta Hughes

VICE PRESIDENT
Dale Mills

BUSINESS MANAGER
Jack Williams

SECRETARY
Althea Smoot

COMMITTEES
Annual Meeting Committee
Credit Committee
Loan Collections Committee
Membership Committee
Supervisory Committee

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How to Contact Us?

Monday thru Friday
12:30pm - 1:30pm
We are located in the basement of the Wolfe Building

Wilberforce University
Federal Credit Union
P.O. Box 67
Wilberforce, OH 45384

(937) 708-5712
(937) 376-2911 x5712

 

 

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