First-class postage was only three cents and five pounds of sugar cost 27 cents. On the down side, salaries were low and jobs were scarce. Economic times were still hard.
Although it was the Depression, positive signs were emerging as technology began to awaken with the invention of television and the first computers.
Within this growing climate, a forward-thinking individual named Mr. Wayne Flagg was instrumental in forming a credit union to help teachers in the Ansonia area assume control of their financial lives and Wepawaug Teachers Federal Credit Union was born.
From its early beginnings, Wepawaug Teachers Federal Credit Union grew into the organization you see today Wepawaug-Flagg Federal Credit Union.
In his first term as President, Franklin Delano Roosevelt made use of public funds by setting into motion a series of fiscal and social reform measures designed to revive the hurting economy. With the passage of the Federal Credit Union Act in 1934, financial stability was finally made a possibility to the working class on a personal level.
In June 2010, WFFCU merged with Hamden Federal Credit Union, which provided the credit union with additional members as well as two new branches. In 2015, WFFCU merged with United Shoreline Federal Credit Union, adding thousands of new members and a branch in Branford. WFFCU now serves over 12,000 members, and has an asset size of nearly $115 million as 2018.
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