WSCU’s mission is to be the primary financial institution for its members and to serve them by providing sound financial services consistent with the credit union philosophy of “People helping people”.
Weld Schools Credit Union has been in business since 1936, when in Greeley, Colorado, 34 school employees pooled a total of $842.72 to start the Greeley Public Schools Credit Union.
By the year 1945, the credit union had grown to $3,500 in assets. Through the early years, the credit union thrived because of the volunteer efforts of many individuals and the support of its members. The credit union was housed during these formative years in the office of Greeley Schools Superintendent Pat Ryan. Mr. Ryan served as a volunteer credit union treasurer. Evelyn Beaver completed the bookkeeping in addition to her secretarial duties for the school district.
In the early years, the operation was fairly simple with Evelyn keeping a running tab of deposits, withdrawals and loans. Loan requests were put into a drawing. Then,depending on the amount requested, member shares were solicited until enough funds were obtained to give the loan.
When Evelyn Beaver left her position with the school district in 1963, Jeri Wilcox Cranwell began keeping track of the credit union business, again on a volunteer basis. Jeri later resigned from her school district position to devote more time to her family. Mr. Ryan asked Jeri if she would continue to handle the credit union operation from her home. Jeri agreed, and the Cranwell family room was converted into a credit union office. The credit union assets then stood at $54,000.
In 1970, Associated Welco Schools Credit Union was started in the downstairs bedroom of Karen Goetsch’s home with 43 members and $540. This credit union served the other school districts in Weld County.
In the mid-seventies, Greeley Public Schools Credit Union changed its name to the School District Six Credit Union. In 1975, the credit union had grown beyond the capacity of the Cranwell home, and the credit union moved to the District Six administration building at 811 15th street. This was a big commitment for both the school district and Jeri. This new visibility promoted further growth and member accessibility. Within a year the credit union grew to over $1 million in assets. It took just one more year for the credit union to reach $2 million in assets.
In 1978, Associated Welco Schools Credit Union, agreed to merge into the School District Six Credit Union. The combined alliance led to the formation of Weld Schools Credit Union. Part of the merger agreement was the building of a new facility. Land was purchase at 1503 9th Avenue and a 2750 square foot building was constructed.
President Jeri Cranwell retired in 1990 after 27 years of credit union service. Twelve years in the new building led to asset growth of $16 million and membership growth to 4,000 members. Long-term Greeley resident Steve Sanborn, a graduate of Greeley West High School and the University of Northern Colorado, succeeded Jeri as the credit union’s president.
The challenges of more growth continued. Office space started to become a premium as the credit union hired more employees; by 1990 the lobby area and basement had been converted into additional offices.
In the summer of 1993, more office space was leased at 1100 10th Street. This location became the WSCU Loan Service Center and five employees moved to the new office.This left nine full time employees at the 9th Avenue address to complete the administrative, member service and teller functions.
At the same time the Board of Directors continued evaluating its facility needs and focused on identifying a future location to fully house the credit union operation and to plan for future growth. On September 6, 1994 two acres of land at 2555 47th Avenue were purchased and construction of a new 8,150 square foot building began later that month.
After 59 years of operation, the credit union passed the $26 million asset mark in March, 1995, with membership growth reaching a new high of 5,300. Also during this year, all the departments of WSCU were again housed under one roof in the new building.
Weld Schools Credit Union continued to grow as it reached its 68th year. The year 2004 saw WSCU at $44,707,325 in total assets and 7,234 members. The Board of Directors and staff at Weld Schools Credit Union welcome all members to use its many services. WSCU member-owners can be proud that their strong support over the years has allowed the credit union to build its new facility using its own funds rather than borrowing from outside sources. Focusing on the future, Weld Schools Credit Union continues its mission of providing superior services to its member-owners.
Thank you for your dedicated support.
What’s a Credit Union?
A Credit Union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. Credit Unions are member-owned and controlled through a Board of Directors elected by the membership. The Board serves on a volunteer basis and may hire a management team to operate the Credit Union. The Board also establishes and revises policy, sets dividend and loan rates.
The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.
Find out more about Credit Unions at here
Who Can Join WSCU?
All who live or work in Weld County Colorado
Employees and Students (and their relatives) of:
Weld County Public Schools
Weld County Charter Schools
Dayspring Christian School
Shepherd of the Hills Lutheran School
Home Schools in Weld County
Weld County BOCES
Mountain View Academy
Aims Community College
St. Mary’s Catholic School
Weld County School Retirees
Employees and donors of Guadalupe Community Center or Weld Food Bank, residing or working in the state of Colorado
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Once you become a member of WSCU, you remain a member for life, even if you change jobs, relocate or retire!
Is your money federally insured?
WSCU funds are fully insured by NCUA
WSCU is financially sound
Our assets are increasing, our capital is strong and our loan losses are still extremely low. After 80+ continuous years of operation we’re still going strong thanks to your support.
In addition, the overall credit union movement is also healthy and strong.
Your funds are federally insured
Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by the National Credit Union Administration, a U.S. Government agency.
Please remember: WSCU Money Fund Accounts are included in this insurance coverage. There is no need to withdrawal or move any of your money from a Money Fund Account. Every type of account at WSCU is federally insured by the NCUA.
If you have concerns or questions about your coverage, NCUA Insurance Experts are available. You can contact them at 1 (800) 755-1030 x 1 or visit NCUA for more information.
Weld Schools Credit Union seeking front desk receptionist. A fast paced and multi-tasked position with assorted clerical duties. Excellent public relations skills and professional appearance required. Spanish speaking a plus. Compensation based on experience. Benefits package included. Send resume to: firstname.lastname@example.org. EOE
WSCU is an Equal Opportunity Employer.