At WCU, we know that the average day can be spent running around trying to juggle several things at once. That’s why we are taking one problem off your list–your banking and financial needs. Everyday we strive to make banking with us as easy and automated as possible. With our services you can rest assured that we’ve got your back. Here are a few ways we can help make your life easier:
Did you know that WCU offers bill pay to any of its members? That’s right, with our one-click bill pay you will be able to :
- View all payees, upcoming bills, payment history and account balances
- Quickly add a new payee
- Make a payment to any person or company in one click
- Set up recurring payments for bills that are the same amount each month
- See bill amounts and payment due dates with eBill
- Transfer funds
- Set up Bill Pay Alerts
It’s that easy–just one click and you are on your way!
In today’s fast paced society you need to be able to conduct your business on the go, and that’s exactly what our mobile app does for you! When you download our app, you will have access to all of your account information in a few clicks. You can view your account balances, view account transactions and transfer funds between accounts and loans. You can also be sure that all of your information is safe and secure. All you need to get started is an active WCU account and the app downloaded from the App Store or Google Play.
Need a little extra help when it comes to saving up money for Christmas or that awesome vacation you are planning? With our Christmas Club and Vacation Club funds, you can be on your way! Set up a savings fund for Christmas or vacations and have a designated amount automatically taken from your checking account each month and put into a savings account. You don’t even have to think about it. Then, when it comes time to spend the money, you have an account full of dollars that you have saved over the entire year! It’s simple to get started, just call any WCU office and watch the savings pile up!
If you travel much, you might want to take advantage of our participation in Co-op Shared Branching. Shared Branching is done through a network of like-minded credit unions all over the country. If you are out of the WCU area and you need to conduct credit union business, you can just stop by a participating credit union near where you are and they can pull up your account so that you can deposit, withdraw or transfer funds. All you need is your identification and your account numbers! With Shared Branching, wherever you go, WCU has your back.
So that’s how WCU is going to make your life a little easier in 2019! If you have any questions or want more information on any of these programs, please call our main office at 256-355-5010, and we will be able to help you get started.
Being part of WCU Credit Union definitely has its perks, and being a part of the Shared Branching Network is just one of them. Now, no matter where you are in the U.S.A., you can take care of your credit union business just like you would at home.
What is Shared Branching?
The Shared Branching Network allows WCU members to do business at another credit union location. The network has more than 5,600 participating credit union locations all over the United States. Through Shared Branching, participating credit unions can serve members from all over the country if needs arise while they are traveling. Even if you decide to move to another state, you can still bank with WCU through the network.
What Can I Do at a Participating Location?
Most all of your banking needs can be taken care of at a participating branch location. You can:
- Make deposits
- Withdraw funds
- Transfer funds between accounts
- Check balances
- Process loan payments
The only thing required of you to make these transactions is your account number and a valid ID. Since all credit unions don’t have the same user interfaces on their networks, the tellers at another location can’t search for your account with your social security number like they could at your home location. Therefore, it is important to have your account number with you when you go to a Shared Branch location.
We hope next time you are traveling or are out of the neighborhood and need account assistance that you will take advantage of our Shared Branching capabilities.
Have you downloaded WCU’s Mobile App yet? If not, what are you waiting for? WCU has made credit union banking super simple with this year’s addition to their online banking program. So what can you do with the mobile app?
With the mobile app, you can check balances on all of your accounts. Long gone are the days of wondering how much you have in your checking account–you can look it up instantly on your mobile device.
The mobile app also lets you make transfers between different accounts with the click of a button. Just log into the app and go the transfer tab in the main menu. You can transfer to and from any of your active accounts.
Do you want to review a transaction that happened over a year ago? If you have the mobile app, you can view your account history at a glance right from your phone, on-the-go.
Our mobile app is fast, secure and best of all completely free if you have an account with us at WCU. Just go to Google Play or the Apple App Store and download your way to easy banking with WCU.
Have you ever thought about what would happen if you had a real financial emergency in your life? Do you have enough money in the bank to cover your potential expenses? If you have an emergency fund plan in place you do! Here is everything you need to know about having an emergency fund.
An emergency fund is an account set aside to save money specifically and only for true emergencies. Unexpected health expenses, job loss and vehicle emergencies would fall into the category of things that would make good use of your emergency fund. Of course, you hope you never have to use it, but when you do find yourself in a financial crisis, if you have an emergency fund in place the peace of mind is worth it.
Well, as we stated above, if you get into a deep financial problem, you will have the money set aside to cover the expenses. Many people who don’t have money saved in an emergency fund find themselves in a bind and end up having to take out loans or put their expenses on credit cards, which only magnifies their financial issues. This is a vicious cycle, and it is very hard to break the cycle once you get going in it. If you are someone who is serious about getting out of debt, it’s important to have an emergency fund in place, because you will have a hard time doing so if financial times get tough.
As far as how much to save–it really depends on your financial situation. If you have a lot of debt to pay off, or if you are living paycheck to paycheck, you might only want to save $500 – $1000 at first. That way you will have something to fall back on if something major happens. If you are in decent financial shape, but don’t have much savings, you might want to consider trying to save 3-6 months worth of living expenses in your emergency fund. That way if you suddenly lost a job, you would have enough money to live on for 3-6 months while trying to find another job without any panic. As with any financial situation, you know how much you can reasonably put back into savings. In this situation, some is definitely better than none.
So where do you put your money? A WCU savings account would be the perfect place to keep your emergency fund. It’s easy to access online with our home banking and mobile app. It’s also easy to access while traveling (in case something happens) with our Shared Branching Network all over the country. A savings account is just accessible enough that you can get to it in a hurry if need be, but not as easy as keeping the money in your checking account or in an envelope in your bottom drawer. You don’t want it to be too convenient to where it is tempting to dip into it in non-emergency situations.
So that’s the case for an emergency fund. It’s something everyone should consider having in their lives, no matter what their financial situation. When you plan for emergencies, you will navigate through life’s troubles with much less panic–especially over your finances.
Credit unions have been around a long time, but what makes them different from regular banks? Well, as it turns out, there are quite a few differences. Credit unions are unique and they offer many benefits that banks simply can’t due to the nature of their business model. Here are the top 5 reasons to choose a credit union over a bank:
- Credit unions are owned by the members, not stockholders. If you are a member of a credit union like WCU, then you are part owner of the credit union! The whole reason for the credit union to be in existence is to assist the financial well-being of the members that own it. That’s it!
- Credit unions return their profits to their members in the form of lower rates and fees and new products and services. Since they are not-for-profit entities, everything they make goes back to you–the member-owner.
- Credit unions almost always have lower interest rates on credit cards and loans than traditional banks. Right now at WCU, you can get an auto loan for as low as 2.00% interest. Awesome rates like that can be done through credit unions because the profits are funneled down to the members instead of stockholders pockets.
- Overall, credit unions rate higher on the customer satisfaction scale than traditional banks. This is because the operators of credit unions are members of the community in which they serve. Since they are dedicated to serving the best to the financial needs of the community, they are more apt to treat each member with the quality of service they wish to receive themselves. You are being served by your neighbors, so the atmosphere seems more like a big family.
- Since your credit union is owned by the members and operated by fellow community members, credit unions are dedicated to serving their community. Credit unions are often involved in many local community events, because that is where their heart lies. Without the community, credit unions would cease to exist. That’s why they make serving the community through local events and charities a priority.
As you can see, credit unions aren’t in the business to make as much money as possible. They are in the business of serving the community and helping their members find success in managing their financial business. At WCU, we treat our members and community like a family, and we would love to have you join us!