In the early 1930’s, home
office employees of Woodmen of the World Life Insurance Society
informally pooled their resources to help their fellow employees with
their financial needs. This “cooperative” effort spread under the
leadership of Morris
Sheppard, then Treasurer for Woodmen of the World Life Insurance
Society and a United States Senator from Texas.
On October 16, 1934, the
Morris Sheppard Woodmen of the World Federal Credit Union became the
16th federally chartered credit union in the United States. In 1990, the
charter was amended to include all Woodmen Tower and World Building
employees and their relatives as eligible members and the name was
changed to Woodmen Federal Credit Union, as it is known today.
Woodmen Federal Credit
Union continues to uphold the principles with which it was founded,
members helping members. The Credit Union encourages thrift by the
members through various savings options, low interest rate loans, and
other financial services allowed by our charter.
We are a non-profit
cooperative organization, owned by and for our members.