A credit union is a not-for-profit financial cooperative. Credit unions serve people that have a "common bond," such as residents of a defined community, a place of employment, or membership in a group or a professional organization. Credit unions are owned by depositors. That's why customers are known as "members".
The credit union idea was born in 1849 in a small town in Germany where the residents needed a financial system that would respond to their needs. The idea caught on and spread to the United States.
In 1936, workers at the Stearman Aircraft Company opened an employees’ credit union. Each worker deposited $5.00 plus a 25 cent membership fee. In 1941, Stearman changed its name to Boeing Aircraft and the Credit Union was named Wichita Boeing Employees Credit Union.
In 1989, a new building was opened on South Oliver (North of the Boeing Plant) and the name was changed to Boeing Wichita Employees Credit Union. With membership opened to the public in 1994, we are now known as Boeing Wichita Credit Union (BWCU). After another membership expansion in recent years,
we are now able to serve a 46 county area, covering most of the eastern half of Kansas.
As of 2006, BWCU has 11 traditional branches in and around Wichita including branches in Derby, Andover, Haysville and Lawrence, with more on the way. Our Triad Center administrative building located at 8710 E. 32nd St N, Wichita, KS 67226 made way for much-needed room for expansion.
Thanks to our member-owners, the Credit Union has thrived, both in prosperous and adverse times, on a foundation of stability and trust. With the commitment of our member-owners, we will continue to grow in the future.