WACO FEDERAL CREDIT UNION was chartered on October 17, 1949. We are now celebrating fifty years of member service. Then, as now, we operate under the credit union philosophy of "Not for profit, not for charity, but for service". WACO FEDERAL CREDIT UNION is a 100% member owned, not for profit financial cooperative. Our profits are returned to our members in the form of competitive loan rates and savings dividends. Our board of directors is elected by our members, for service to our members.