Windsor Family Credit Union (also known as WFCU) is a Canadian credit union headquartered and located in Windsor, Ontario, Canada.
It is the sixth largest credit union in Ontario operating ten retail locations and serving 34,400 members.
Video Windsor Family Credit Union
History
WFCU Credit Union can trace its history back through amalgamations and mergers of four Chrysler Canada credit unions, a General Motors credit union and eight other local credit unions. Its history dates back to its foundation in 1941. Over the years, it has grown from assets of less than $10,000 (at the time of its founding) to a healthy $1.8 billion in Managed Assets and Member Service Totals of $2.6 billion.
In 2008, WFCU Credit Union purchased the naming rights to the new Windsor Arena built on the east end of the city, which is now named WFCU Centre.
Like most other credit unions in the Province of Ontario, WFCU Credit Union is a member of the Deposit Insurance Corporation of Ontario (DICO).
In April 2016, it was announced that Eddie Francis would take over as president of the institution. The CEO and president at the time, Marty Komsa, relinquished his role as president but remained as the CEO.
In August 2016, the Windsor Family Credit Union introduced 'SmarterCash: A Pay Day Loan Alternative.' This is a loan program that offers loans from $500 to $2000 with fees that are $1.42 for every $100 borrowed. To access these loans, people must have an account with WFCU.
Maps Windsor Family Credit Union
References
External links
- Official website
Source of the article : Wikipedia
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