A Message From Our President
Welcome to WEOKIE Federal Credit Union. I am Jeff Carpenter, President and Chief Executive Officer.
As we look to the future, and our next stage of growth, it is important to remember what first inspired WEOKIE. Consumers who were “left behind” by traditional for-profit financial institutions created credit unions by pooling their resources with the goal of providing each other with credit for economical purposes and a safe place to save for the future. Credit unions thrived in the 1930’s as the country rebounded from the Great Depression and the credit union movement was fueled when President Franklin D. Roosevelt signed the Federal Credit Union Act in 1934.
Over the years, credit unions grew around places of employment or organizations such as military bases and churches and membership was limited to those groups of people. In 1969, the employees of the Western Electric Plant in Oklahoma City pooled their resources to form their own not-for-profit cooperative and named it WEOKIE (WE = Western Electric, OKIE = Oklahoma). WEOKIE later began to serve the financial needs of many additional companies and their employees.
In 2001, our credit union expanded to serve anyone in the greater Oklahoma City and surrounding counties that was interested in cooperatively pooling their financial resources to help their fellow Oklahomans through a strong financial cooperative. Today, WEOKIE has grown to become one of the largest financial institutions in Oklahoma with over $1.2 billion in assets. WEOKIE provides a full range of financial products and services to help all members plan and build a secure financial future. WEOKIE offers lower loan rates, higher savings rates, and fewer service fees. We are always eager to assist you in your personal financial journey and our leadership in the industry is directly attributable to our dedication to helping you build a better financial future for you and your family.
With growth and expansion, member ownership is the one key ingredient to the credit union business model that has remained the same. Thanks for being a member of WEOKIE Federal Credit Union. Also, because every member is an owner, please don’t hesitate to reach out to me if I can ever assist you. If you are not a member yet, I invite you take the next step and join today. We look forward to serving you and we will remain focused on a path of continuous improvement!
Jeff Carpenter, President & CEO
WEOKIE Federal Credit Union
WEOKIE Federal Credit Union
In 1969, the employees of Western Electric of Oklahoma pooled their resources to form a not-for-profit federal credit union to secure the individual financial interests of the community and workplace members. They named it WEOKIE (WE = Western Electric, OKIE = Oklahoma) and today, WEOKIE has grown to become one of the largest financial institutions in Oklahoma. We provide a full range of financial products and services to help members plan and build a secure financial future through better rates, less service fees, and member involvement.
Not For Profit
Despite growth and expansion, member ownership remains the key ingredient of an effective credit union. WEOKIE was started by people just like you to serve as a financial institution operated by like-minded individuals who are looking out for each other’s best interests. Our not for profit business model allows us to offer all of our members the lower loan rates, higher savings rates, and fewer service fees they deserve. Being a not for profit institution allows us to focus on helping our members secure their financial future rather than using their money to secure profits for outside shareholders like private institutions.
WEOKIE is one of the first financial institutions that was founded by Oklahomans to protect the economic interests of their family, friends, and neighbors. To this day, we strive to protect our fellow Oklahomans and their financial futures by offering them better loan and savings rates. If you live in Oklahoma, WEOKIE is the financial institution for you.
Better Loan Rates
In 1969 WEOKIE was founded as a community cooperative to provide fair interest rates to the members, a benefit they can still appreciate to this day. We provide our members with the lowest interest rates for their auto, home, and commercial loans.
Every deposit with WEOKIE Federal Credit Union is federally insured for up to $250,000 through the National Credit Union Association. The NCUA was founded in 1970 and serves as the primary deposit insurance agency for federal credit unions like WEOKIE.
Member Elected Board
As a member owned federal credit union, WEOKIE’s Board of Directors is 100% member elected because we believe you should have a say in what happens to your money. Private banking institutions are run by a board of directors that only care about securing profits for their shareholders. At WEOKIE, you are a shareholder and your say and interests matter most.
Open Your WEOKIE Account Online
Are you tired of high interest rates, service fees, and low savings rates? When you become a member at WEOKIE you become part of a financial institution that cares about your financial future and gives you the tools you need to make the best financial decisions. As a WEOKIE member, you’ll be instantly rewarded with great rates, exclusive discounts, financial education resources, premier online banking services, and more! Contact us today, stop by a branch, or become a member online.
Board of Directors
Our cooperative is under the direction of a volunteer Board of Directors. The Board represents the members, and each Board member is elected to a three-year term.
Total Amount WEOKIE Members Have Saved Since January 1, 2021
NSF & Courtesy Pay Savings1
Loan Refinancing Savings2
Loan Protection Savings3
1The difference is for member estimated savings since the lowering of NSF fees from $27.50 to $15 in September 2021. 2The total is for the estimated amount saved in the first 12 months of payment for auto and mortgage loans. 3The amount paid to members for insurance claims on GAP, MBI & Debt Protection.