Who We Are
Wepawaug-Flagg Federal Credit Union (WFFCU) is a federally chartered,
full-service, member-focused, not-for-profit financial cooperative.
Our Mission
To provide our membership with the best available diverse financial
services in a friendly, courteous, efficient and financially prudent
manner at a fair cost.
Vision Statement
We aspire to become our members' Primary Financial Institution (PFI)
through: sustaining growth of membership and product penetration;
providing convenience through relevant technology and accessibility;
offering viable products tailored to members' needs; maintaining
service with a smile and enhancing member focused cross-selling;
encouraging staff and Board training; and remaining adaptable.
Asset Size
Currently, we are $55,954,190.71 million in assets as of
October 31, 2007.
Field of
Membership
Do you want to join the credit union? See our Member
Groups.
If you are a school or company seeking credit union membership for
your employees, please e-mail the Credit Union at: generalinfo@wffcu.org.
The Credit Union will personally contact you and provide you with
additional information on the "NO COST BENEFIT" of credit
union membership!
History
In 1936, the year the credit union was founded, the country was
still trying to recover from the stock market crash of 1929. Although
it was the Depression, positive signs were emerging as technology
began to awaken with the invention of television and the first computers.
But life was still fairly simple. First-class postage was only three
cents and five pounds of sugar cost 27 cents. On the down side,
salaries were low and jobs were scarce.
Economic times
were still hard. In his first term as President, Franklin Delano
Roosevelt made use of public funds by setting into motion a series
of fiscal and social reform measures designed to revive the hurting
economy. With the passage of the Federal Credit Union Act in 1934,
financial stability was finally made a possibility to the working
class on a personal level. Within this growing climate, a forward-thinking
individual named Mr. Wayne Flagg was instrumental in forming a credit
union to help teachers in the Ansonia area assume control of their
financial lives and Wepawaug Teachers Federal Credit Union was born.
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