Welcome to Workmen’s Circle Credit Union (WCCU). WCCU is a nonprofit cooperative that has been serving the financial needs of its members since 1950.
Workmen’s Circle began in the early 1900’s when a group of Jewish businessmen decided to form a financial organization to assist Jewish immigrants with their financial needs. These immigrants were granted loans at fair and reasonable rates when they were unable to obtain financing through traditional sources. Loans were granted to individuals based on their needs. Even with this lenient lending policy, the organization thrived and enabled the “average man” to prosper.
On February 6, 1950, nine people petitioned for incorporation and Workmen’s Circle Credit Union, Incorporated was established. Those nine individuals were: A. Leon Cooper, Harry Dunn, Jacob Dunn, Sam Hirsch, Hymie Hoffman, Sidney Paderewsky, Nathan Passink, William Scheer and Harry Applebaum. Through the foresight of these men, WCCU was established to serve individuals who live or work in Chatham County and are unable to join other occupational credit unions in the area. The original mission of “people helping people” still exists today. This mission is accomplished by offering members above average savings rates, quality service and competitive loan rates.
Workmen’s Circle Credit Union is owned by its members; there are no stockholders. As a result, the Board of Directors is comprised of members who volunteer their services for the benefit of their peers. They are elected at the Annual Meeting by the membership.
With the support of the membership and guidance of the Board of Directors, WCCU will continue to prosper and be a viable asset to our community.