Your Money is Safe with WCF!

From the President's Desk...

Recent troubling economic data has worldwide stock markets in a state of flux, with panicked investors worried about the prospects of an American recession with a “hard landing”. So, what can you do to protect yourself? Depositing cash with your local bank, such as us here at WCF, is a particularly good start.

While it’s true that the stock market over time has historically provided double digit rates of return, it is also true the daily roller coaster can be an uncomfortable ride for some people. No matter how things are going on Wall Street, it’s always smart to invest some funds at home on Main Street, and that’s where a local bank like ours comes into play.

We provide the comfort that FDIC insurance coverage provides, which isn’t present in the market. Since the FDIC came into existence over 90 years ago, no depositor has lost a penny of FDIC-insured funds. We can help you determine how much coverage you have and how you can potentially increase it, depending on your unique circumstances, with simple changes such as joint account ownership or adding beneficiaries. Talk with one of our customer service representatives today or visit the FDIC’s Electronic Deposit Insurance Estimator (EDIE) for more information.

Also, keep in mind that WCF Financial Bank is very safe and secure. We are classified by regulatory statute as being a “well capitalized” bank, which is the highest capital classification available. The FDIC defines a well-capitalized bank as one that “significantly exceeds the required minimum level for each relevant capital measure” (refer to the Federal Deposit Insurance Act for more information).

All this simply means you can take comfort in knowing that WCF is financially sound and extremely well positioned to manage any future economic uncertainty. Your money is safe with us, and we’re here to help calm your fears and show you how you can protect your investment and enhance your FDIC insurance coverage.