Wemelco Credit Union

About Wemelco Credit Union

Wemelco Credit Union Location

300 Cadwell Drive, Suite 2
Springfield, MA 01104-1732

Phone: (413) 787-9278
Website: wemelco.org
Routing/Transit Number: Not Available

Wemelco Credit Union Information

Wemelco Credit Union of Springfield, MA is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 2317 members and assets of $34,999,596, as compared to the national average of $93 million dollars of assets per credit union. Wemelco Credit Union, first opened in 1923 and has been in operation since then. Additionally, Wemelco Credit Union has 5 full time employees and 0 part time employees, or 463.4 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Wemelco Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Wemelco Credit Union is a not-for-profit, cooperative, tax-exempt organization.