Wauna Federal Credit Union was chartered in 1967 by a group of local residents who were employees of the Crown Zellerbach Paper Company (now known as Georgia Pacific Paper Company), located in Wauna, Oregon. As the popularity of our Credit Union grew, other nearby residents requested the opportunity to become members, too. This prompted our volunteer board of directors to apply to the National Credit Union Administration (NCUA), a federal government agency that oversees the credit union industry, to expand our field of membership so others could join. Over the years a number of field of membership expansions were approved to the point where Wauna Federal Credit Union today is authorized to serve all the residents and businesses in Clatsop and Columbia Counties (Oregon), and Pacific County (Washington).
What is a Credit Union?
A financial institution that is not-for-profit, is member-owned (cooperative) to serve residents with a common-bond (such as an employer, a community, a county, etc.), is also member-directed (a volunteer board of directors annually elected by the membership), and returns all profits each year to its members via strong savings and loan rates (than traditional for-profit banks), investment in technology and convenient service delivery systems, and most importantly, the delivery of the highest rated personal service in the financial services industry