In 1969, the employees of Western Electric of Oklahoma pooled their resources to form a not-for-profit cooperative and named it WEOKIE (WE = Western Electric, OKIE = Oklahoma). Today, WEOKIE has grown to become one of the largest financial institutions in Oklahoma, providing a full range of financial products and services to help members plan and build a secure financial future with lower loan rates, higher savings rates and fewer service fees. WEOKIE is federally insured just like a bank. The federal insurance for WEOKIE is provided by the National Credit Union Administration, NCUA.
WEOKIE Credit Union
7400 W Memorial Rd., Oklahoma City, OK 73142
CategoryInvestment & Asset Management
WEOKIE Credit Union, as a financial institution, has a relatively limited direct environmental impact compared to industries with substantial emissions or resource consumption. However, they can promote environmental sustainability through responsible banking practices. This can include offering green financing options for energy-efficient home and auto loans, supporting sustainable development projects in their community, and implementing eco-friendly practices within their own operations, such as adopting energy-efficient technologies and reducing paper usage through digitalization. WEOKIE Credit Union has a significant impact through its core business of providing financial services. They contribute to financial inclusion and stability by offering a range of banking and lending products to individuals and local businesses. Ensuring responsible lending practices, offering fair and transparent financial products, and addressing the financial needs of underserved communities are crucial aspects of their social impact. Strong governance practices are fundamental in the financial services industry, and WEOKIE Credit Union’s governance impact is central to its operations. Ensuring compliance with regulatory standards, protecting member data, and maintaining ethical conduct are core aspects of their governance impact. Upholding transparency, accountability, and cybersecurity measures is essential to build trust among members and partners, which is critical for the credit union’s long-term success.