Corporate Reports And Backgrounders

Corporate Annual Report

WFCU Credit Union's fiscal year runs from the beginning of June through the end of May. We typically publish our annual report in early September. We invite you to read and download the past year's annual report or request that we mail you a copy of the most recent report.

Corporate Backgrounder

About WFCU Credit Union
August 2015

WFCU Credit Union has long been recognized as one of the leading, progressive financial organizations in the City of Windsor and Essex County. Serving Windsor and surrounding communities for 75 years, WFCU Credit Union began in 1941 with assets of less than $10,000 and now has $2.3 billion in Managed Assets and Member Service Totals of $3.2 billion. WFCU Credit Union is the sixth largest in Ontario operating nine retail locations and serving 34,600 members including 31,000 Personal members in 16,000 households, 2,100 Businesses and 1,500 Organizations. WFCU Credit Union membership is open to anyone who lives and/or works in Ontario. 

The credit union having roots in the community is dedicated to offering the products and services that will enable members to conveniently handle all their financial business with WFCU Credit Union. WFCU Credit Union's Financial, Investment, Insurance and Trust product and service offerings are tailored to each member segment. Accessing the credit union and conducting everyday financial transactions is a priority for WFCU Credit Union, providing a number of access channels to members including its above noted retail locations, live and automated telephone banking, online and mobile banking, MasterCard® credit card and merchant services, secure pre-authorized debit and credit services and 24 hour account access using a WFCU Credit Union MEMBER CARD® debit card at ATMs and retailers.

Over the last 20 years WFCU Credit Union has enhanced the financial strength of the credit union. Regulatory Capital remains strong at $98.8 million and represents 7.75% of total assets and 13.49% of risk weighted assets. These ratios are substantially above regulatory standards of 4.0% and 8.0% respectively. The Deposit Insurance Corporation of Ontario (DICO) is the provincial deposit insurer equivalent to the federal Canada Deposit Insurance Corporation. WFCU Credit Union 's financial and operational strength is a result of planned initiatives developed in order to ensure that it strives to be the best.

WFCU Credit Union is a loyal and active member of Central 1, the credit union's banker, trade association, and a financial cooperative. Central 1's role is to serve as central financial facility, liquidity manager, payments processor and trade association for the provincial credit union systems of British Columbia and Ontario. It provides leadership, advocacy, technology, and a range of support services in fulfilment of these key functions. Central 1 holds $12.9 billion in assets.

Committed to the communities it serves, WFCU Credit Union is proud to display the Imagine Caring Company logo. Every year hundreds of local community organizations experience first-hand the benefits of several elements of WFCU Credit Union's overall Community Investment Program, such as The Community 1 Free Chequing Account, Community Rooms, Scholarships, Donations, Sponsorships, Multi-Year Capital Giving and the Community Donations Fund. 

WFCU Credit Union stresses the importance of quality by maintaining an internal 5 Star Program. Reflective of offering a progressive work environment and culture supported by a strong focus on its employees and goals, WFCU Credit Union has been repeatedly recognized as a Best Small and Medium Sized Employer and received multi-year ranking as one of the Best Workplaces in Canada. 

WFCU Credit Union's solid attributes of financial strength; innovation; local ownership; quality products and service; community mindedness; and strong human resource management, have resulted in the on-going success of the organization. WFCU Credit Union is proud to serve the Windsor and Essex County community and to be a leading financial services provider.


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