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    • Column Two
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About

The WFCU Difference

Credit unions are and always have been people-oriented financial institutions. Lancaster County has witnessed many bank openings, closings, and mergers over the last decade. Through it all, Wheatland FCU has been serving the needs of Lancaster County since 1936.

Volunteer Board Members Needed

Wheatland FCU is always looking for volunteers to contribute to the success and growth of our unique financial institution. As a member owned, not-for-profit financial cooperative Wheatland FCU relies on the efforts of our volunteers.

The skill and dedication of all our volunteers has been an important part of our success, and we are hoping to find more good people to help lead us into the future. Could one of them be you? If you’re organized, motivated, enthusiastic and enjoy teamwork, a volunteer board member position at Wheatland FCU might be for you!

If you are interested in learning more about our Board of Directors and volunteering with your Credit Union, please contact our CEO, Kathy Rye, at 717-898-7673 or krye@wheatlandcu.com. *

Thank you for your membership and consideration.

*Email and other electronic forms of communication are not always safe. While email is protected at the Credit Union level, personal information, such as account numbers, date of birth, social security numbers, etc., should never be included in any email.

How are Credit Unions Different than Banks?

Though credit unions may not seem different from banks at first glance, these financial cooperatives are different in many ways. Credit unions are not-for-profit organizations that exist to serve their members. Like banks, credit unions accept deposits, make loans and provide a wide array of other financial services. But as member-owned and cooperative institutions, credit unions provide a safe place to save and borrow at reasonable rates.

Credit Unions are Member-Owned

You are more than a member, you are part owner. Credit unions are owned and controlled by the people, or members, who use their services. Your vote counts. A volunteer board of directors is elected by members to manage a credit union.

Credit Unions are Not-for-Profit

Credit unions operate to promote the well-being of their members. Profits made by credit unions are returned to members in the form of reduced fees, higher savings rates, and lower loan rates.

Members of a Credit Union Share a Common Bond

This is known as the credit union’s “field of membership.” You may be able to join based on your:

  • Employer: Many employers sponsor their own credit unions.
  • Family: Most credit unions allow members’ families to join.
  • Geographic Location: Many credit unions serve anyone that lives, works, worships or attends school in a geographic area.
  • Membership in a Group: Membership in a group, such as a place of worship, school, labor union or homeowners’ association may qualify you to join.

Credit Unions are Community-Focused

Members often have shared interests and appreciate participating in an institution designed to help other members. Credit unions may provide financial education and outreach to consumers; in-school credit union branches; and small business needs.

Credit Unions are a Cooperative

The cooperative structure of credit unions creates a cycle of mutual assistance toward the common goal of the financial well-being of members. One member’s savings becomes another member’s loan.

Financial institutions will continue to come and go in Lancaster County. As your alternatives continue to change, remember that WFCU’s goals and philosophies never will.

Learn More About Credit Unions

  • MyCreditUnion.gov — NCUA’s consumer website.
  • CU Locator — Locate a credit union near you.
  • NCUA Fraud Prevention Center — Learn about common frauds and scams targeting consumers.
  • Share Insurance Estimator — Calculate the amount of your insured funds at a federally insured credit union.
  • NCUA’s YouTube Channel — View NCUA’s Consumer Report series to learn more about current financial hot topics.

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