WEOKIE Federal Credit Union Drastically Reduces Overdraft Service Charges
August 30, 2021
(OKLAHOMA CITY) – WEOKIE Federal Credit Union is the first financial institution in Oklahoma to announce they will be decreasing their overdraft and non-sufficient funds (NSF) service charges by almost 50%. Hoping to assist Oklahomans struggling with financial hardships, especially during COVID-19, WEOKIE is lowering charges from $27.50 per occurrence to $15 per occurrence. The change will take effect September 1 and applies to all accounts, including checking and savings.
“WEOKIE strives to be a positive force in the community and many Oklahomans are facing financial hardships in the face of a pandemic and inflation.” WEOKIE President and CEO Jeff Carpenter said. “We are eager to step up and help our members’ financial well-being by delivering real solutions, building trust and helping our members grow their savings. WEOKIE’s mission statement is ‘do the right thing’, and I believe we are doing right by our members with this decision. We believe this move is critical to achieving our vision of becoming our members’ most trusted financial partner and two of our strategic priorities related to providing financial well-being for all and delivering benefits of a cooperative ownership”.
WEOKIE’s reduction in service charges is a meaningful reduction for members and supports national shifts designed to create more equitable banking for everyone. The priority at WEOKIE is doing what’s in the best interest of their members and offers a variety of account options so you can save for any of life’s moments.
WEOKIE Federal Credit Union empowers over 60,000 member-owners to make wise financial decisions, enabling them to keep more of their hard-earned money. Anyone that lives, works, worships, or attends school in the Oklahoma City metro area is eligible to become a member. WEOKIE Federal Credit Union cooperatively pools its members’ financial resources to help fellow Oklahomans. WEOKIE is a full-service financial institution with 12 metro locations that offers a full array of financial products and services.