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WEOKIE FCU Drastically Reduces Overdraft Service Charges

Posted: Sep 8, 2021 | Author: Cornerstone League
overdraft program 

WEOKIE Federal Credit Union is the first financial institution in Oklahoma to announce a decrease of their members’ overdraft and non-sufficient funds service charges by almost 50%.

To assist Oklahomans struggling with financial hardships, especially during COVID-19, WEOKIE is lowering NSF charges from $27.50 per occurrence to $15 per occurrence. The change will take effect Sept. 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,” said WEOKIE President and CEO Jeff Carpenter. “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,” Carpenter added. “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 the 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 its members and offering a variety of account options so members can save for any of life’s moments. 

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