The LTC program is backed by a comprehensive educational campaign with seminars held throughout the state to provide an opportunity for members to learn more about this important protection. The WEAC IRA is the most recent benefit developed by this Trust. It allows members to invest in either a traditional or Roth IRA through contribution or transfers of existing retirement funds. The WEAC IRA is a fixed income IRA, earning a very favorable rate of interest with very low expense fees. Members deposit money into their credit union savings accounts in person, by mail, by payroll deduction or direct deposit by their employer.
Any member is eligible to borrow from the credit union for any good purpose.
The interest earned from the loans is the credit union's income. After expenses are paid and reserves are set aside, the remaining earnings are paid to the members as dividends on their savings. The WEA Credit Union is run by a volunteer Board of Directors elected by the members of the credit union. Each credit union member is a part-owner of the credit union. WEAC Member Benefits Financial Services A professional Certified Financial Planner employed by WEAC conducts free Financial Planning Seminars throughout the state.