Why Credit Unions are Better

Why Credit Unions are Better than Banks? It’s really quite simple. As a member, you are an owner of a not-for-profit financial cooperate. This gives you the ability to pool your savings with other members, lend to one another, and own the organization where you save, borrow, and obtain other related financial services.

As a member, YOU decide how the credit union is run by participating in the election of our board of directors. All members have an equal voting right, ensuring ownership and control of the credit union is always retained by them.

At Wheat State Credit Union, we care about you and respond to your individual financial needs without charging all the fees and service charges. We value our members, and we will do our best to always respond to you in a personal, professional, and courteous manner.

Is My Money Safe in a Credit Union?

Federally insured credit unions, such as Wheat State Credit Union, offer a safe place for you to save your money, with deposits insured up to $250,000 per individual depositor. IRA funds are separately insured up to $250,000. The National Credit Union Administration (NCUA) is the independent agency that administers the National Credit Union Share Insurance Fund (NCUSIF). Like the FDIC's Deposit Insurance Fund, the NCUSIF is a federal insurance fund backed by the full faith and credit of the United States government.