In the early 1930’s, home office employees of Woodmen of the World Life Insurance Society informally pooled their resources to help their fellow employees with their financial needs. This “cooperative” effort spread under the leadership of Morris Sheppard, then Treasurer for Woodmen of the World Life Insurance Society and a United States Senator from Texas. On October 16, 1934, the Morris Sheppard Woodmen of the World Federal Credit Union became the 16th federally chartered credit union in the United States. In 1990, the charter was amended to include all Woodmen Tower and World Building employees and their relatives as eligible members and the name was changed to Woodmen Federal Credit Union, as it is known today. Woodmen Federal Credit Union continues to uphold the principles with which it was founded, members helping members. The Credit Union encourages thrift by the members through various savings options, low interest rate loans, and other financial services allowed by our charter.