2018 was a year for giving back and getting involved in the Woburn community for WMFCU. While there have been many successes during 2018, WMFCU’s work giving back to students and the community of Woburn is something that President and CEO, James McCorkle, is most proud of.
Throughout the past year, WMFCU worked with the students of Woburn in many different ways. In February of 2018, WMFCU donated $2,500 to support getting Woburn High School’s DECA program up and running. DECA is an organization that prepares students to be business leaders through competitions, conferences, and professional development. WMFCU’s donation helped three students attend the organization’s state-wide competition in Boston.
During the spring and summer of 2018, WMFCU hosted a Woburn high school intern as a part of the Woburn Business Association’s internship program and is looking to do the same in 2019. To help students at the middle school level, WMFCU also kickstarted the financial literacy program at the Kennedy Middle School. Representatives from the credit union now teach two classes to prepare students for financial success.
In October, WMFCU donated $250 to the James L. McKeown Boys & Girls Club of Woburn to help support the club’s recently renovated facility and its programs for kids.
“As an organization, we are always looking for ways to give back and for ways we can help out the less fortunate and the community,” said McCorkle.
On top of giving back to the community, McCorkle highlighted WMFCU’s increased ATM accessibility and continued work towards meeting members needs as other successes of 2018. WMFCU added two new ATMs for members, located at Best Buy in Burlington and BJs in Stoneham, and is actively looking for more ATM locations.
WMFCU’s online financial education center opened in 2018, providing free video courses to help members become more confident about their personal finances. The interactive courses cover a wide variety of topics including paying for college, planning for retirement, buying a home and more.
Throughout the year, WMFCU worked towards increasing membership across all age groups and has grown to reach more people in the local area. Over the past 3 years, WMFCU has seen an increase of about 12.5% in loan use each year.
“From a success standpoint, this year we are really proud to have loan products that meet our member’s needs and that are available to them,” said McCorkle.
What’s in store for 2019?
For 2019, there’s more exciting news on the horizon. WMFCU seeks to continue growing membership and helping more people in the Woburn area. WMFCU is also looking forward to finding even more ways to work with the students of Woburn.