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WPCU Remains Safe, Sound & In Excellent Financial Condition

Wright-Patt Credit Union (WPCU)​ is aware of the recent closures of both Silicon Valley Bank (SVB) and Signature Bank, and the ongoing government intervention intended to protect their depositors. We want to take this opportunity to assure you, our valued members, that WPCU remains safe, sound, highly liquid, and in excellent financial condition.

Our financials as well as our investments are structured very differently from SVB and Signature Bank. As one of the top performing community financial institutions in the state of Ohio, WPCU has a very solid liquidity position. As a member, be assured, your credit union is well managed and in a financially strong position, and our leadership team and Board of Directors do not take excessive risks with our members' money.

Additionally, member deposits are insured up to $250,000 by the NCUA – the sister organization to the FDIC for credit unions.

​WPCU takes to heart the trust you place in us and will continue to make sound decisions with your hard-earned money.

Below are some additional points to note regarding the safety and soundness of WPCU.

Wright-Patt Credit Union is well capitalized, secure, and safe.

  • Our credit union currently stands at a Net Worth of 10.88%, which is well above the NCUA standard of 7% for capitalization.
  • Total assets currently stand at over $7.7 billion.​

Member deposits are secure at Wright-Patt Credit Union and are insured against loss.

  • Each member is insured up to $250,000 by the National Credit Union Administration (NCUA) or more than $250,000 in coverage at WPCU, if you own share accounts in different ownership categories. The NCUA is the sister organization to the FDIC – Federal Deposit Insurance Corporation for credit unions. The NCUA's Share Insurance Estimator lets consumers, credit unions, and their members know how its share insurance rules apply to member share accounts–what's insured and what portion (if any) exceeds coverage limits.​​​
  • 85-90% of WPCU deposit accounts are insured by the NCUA against loss. Those that are uninsured have balances above the amount insured.

Wright-Patt Credit Union continues to be well managed as leadership continues to make sound decisions on behalf of our members.

  • WPCU maintains adequate cash reserves on hand. 
  • ​WPCU has additional borrowing capacity if needed through the Federal Home Loan Bank and Corporate One Federal Credit Union.

Unlike a bank, Wright-Patt Credit Union is a not-for-profit cooperative that protects the financial interests of its members – not shareholders.

  • Our organization adheres to a three-stakeholder model that requires doing what is best for members, partner-employees, and the credit union.
  • Excess earnings after expenses are returned to members in the form of a Special Patronage Dividend – the latest payout totaled $11 million.
  • Value is returned to members in the form of reduced fees, lower loan rates and better savings rates.
  • Nearly 90% of member deposits are invested in loans to other members.

Wright-Patt Credit Union has a longstanding commitment to strengthening the people and communities we serve.

  • Our ​partner-employees live and work in the same communities we serve.
  • WPCU invests significant resources to help underserved populations in our communities.​

To view and download a detailed report of Wright-Patt Credit Union's financial information, please click here​.