credit union type credit union industry financial services founded 1932 headquarters beavercreek ohio ohio united states key people edward t. blommel board of directors chairman douglas fecher president & ceo products savings ; checking ; consumer loans ; mortgage loans ; student loans ; credit cards ; investments ; online banking subsidiaries mycumortgage llc cuso website wpcu.coop wright patt credit union wpcu is a us credit union or financial cooperative headquartered in beavercreek ohio . the credit union was originally headquartered in fairborn ohio however it relocated in early 2014 . 1 wpcu is registered as a state chartered type credit union 2 is the largest member owned credit union in ohio 3 and is one of the 50 largest credit unions in the united states . 4 as of march 2015 update wpcu has over 2.8 billion usd in assets and 298 000 members . 5 wpcu is federally insured by the national credit union administration ncua which insures accounts in federal and most state chartered credit unions in the united states . deposits with wright patt credit union are insured to 250 000 . 6 contents 1 history 2 membership 3 organization 4 services 5 member center & atm locations 6 controversy 7 references 8 external links history edit the organization that is now wright patt credit union was founded in 1932 . it was during the national economic depression of the early 1930s the great depression that federal employees at wright field now wright patterson air force base recognized the need for an every person financial institution . since that time wpcu has become ohio s largest member owned credit union and one of the largest in the united states . today wpcu serves thousands of members from numerous employer and community groups and associations . 7 wpcu has been known by the following names since its inception 8 in 1932 f.e.u. local 148 credit union in 1948 wright field credit union in 1951 dayton federal employees credit union in 1962 wright patt credit union . membership edit as with all credit unions membership in wright patt credit union is limited to individuals sharing the common bond defined in its credit union charter . wpcu primarily serves the greater dayton area in the miami valley region of ohio but other select areas are also eligible to join . membership in wpcu is limited to the following 9 individuals who live work worship or attend school in butler montgomery greene warren miami clark clinton champaign hamilton or franklin counties in ohio . military and civilian employees of wright patterson air force base wpafb . military personnel residing in a 14 county area adjacent to the fairborn area who do not have a credit union available . retired united states government military and civilian personnel . government employees residing near wpafb who do not have credit union facilities at their places of employment . wright state university students faculty staff and alumni association members . select groups made up of people associated through employment geographic location or other organizational affiliation . spouses children and certain other relatives of those eligible for wpcu membership . organization edit wright patt credit union corporate office building in fairborn ohio wright patt credit union is a state chartered credit union in ohio federally insured by the national credit union administration ncua . 2 like all credit unions wpcu is governed by a board of volunteers elected by and from its membership . 10 wpcu also owns a separate subsidiary mycumortgage llc 11 which operates as a credit union service organization cuso . cusos were established by ncua as a way for credit unions to offer products and services that would normally be outside of the credit union s scope . services edit wright patt credit union offers a full selection of products and services typically found at most financial institutions including savings accounts checking accounts consumer loans and certificates of deposit . credit unions are financial cooperatives so their savings accounts are referred to and recorded as shares because they represent members ownership of the credit union . 12 anyone eligible for membership can become an owner of the credit union by opening an account and depositing 5.00 into a share savings account . 7 additionally wpcu offers its members small business loans auto loans mortgage loans student loans credit cards lines of credit health savings accounts ira accounts direct deposit through ach telephone banking online banking mobile banking and remote deposit as well as many other services . 12 member center & atm locations edit as of march 2015 update wright patt credit union operates 30 member centers commonly called branches around the greater dayton area and columbus in ohio . they also partner with other atm providers giving members lower to no fee access to any alliance one co op network allpoint or star atm . wpcu has also partnered with other credit unions in the united states through the shared service center network cu service centers which allows wpcu members to conduct most of their financial business at other credit union locations as if they were at their own local wpcu member center . 13 controversy edit on june 8 2016 it was revealed that dan turner had created a fund at wright patt credit union to offset his family s legal cost of defending their son brock turner against rape charges . 14 after brock turner was found guilty of three felony charges as a result of the trial a spokesman for wpcu confirmed that the fund was still open and accepting donations . this in turn sparked outrage against the credit union for their practices . 15 references edit http www.bizjournals.com dayton news 2013 10 01 wpcu inks 2275m deal for new hq.html a b a short history of wright patt credit union . top credit unions in ohio . top credit unions in us . ncua credit union online information . credit unions online . a b wpcu welcome brochure pdf . wpcu name history . wpcu eligibility . 2012 10 12 . the credit union difference . mycumortgage history . a b wpcu services pdf . wpcu locations . brock turner s father started account to help with legal costs . brock turner fund at wright patt ignites backlash . external links edit official website retrieved from https en.wikipedia.org w index.php title wright patt credit union & oldid 734449824 categories credit unions based in ohiocompanies based in dayton ohioeconomy of dayton ohiowright patterson air force basemortgage lendersbanks established in 19321932 establishments in ohiohidden categories articles containing potentially dated statements from march 2015all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction 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