Popmoney is an innovative personal payment service that eliminates the hassles of checks and cash. Now, sending and receiving money is as easy as emailing and texting. You don't need a new account to send or receive money, just log into your WCF Financial Bank account, click on Bill Payment and then Popmoney to get started.

screen shot 2014-01-25 at 6.54.24 pm

Popmoney is the convenient way to send and receive money for things such as:

  • Send money for your share of a group gift
  • Send a gift of money to family and friends
  • Pay your babysitter 
  • Pay your rent
All you need is the receipient's email address or name/cell number and you can send and receive funds.
(Note: both parties need to have Popmoney accounts.)
For more information on Popmoney, simply sign into your WCF Financial Bank online account,
click on Bill Payment and then Popmoney.

Christmas Club Account

Eliminate the financial stress that can accompany the Christmas holiday season by opening a WCF Financial Bank Christmas Club Account. Regularly schedule automatic transfers to your Christmas Club Account make it easy to save year-round.

screen shot 2014-01-25 at 11.01.56 am

Your Christmas Club Account savings are paid to you at the end of October, just in time to start your holiday shopping.

It takes as little as $10 to open your account. 

For more information and to open your Christmas Club Account, stop into our office today.


Certificates of Deposits   
Automatic Renewable Certificates Minimum Deposit Interest Rate Annual Percentage Yield*
91 Days      
6 Months      
12 Months      


Certificates of Deposit

We offer Certificates of Deposit for terms ranging from 91 days to 60 months. Pick the length of time that best suits your savings goal and we'll quote you the current annual percentage yield (APY). Since you'll be earning a guaranteed rate of return on an account that's FDIC-insured up to $250,000, you can relax. You know exactly what you will have at maturity guaranteed and worry-free. (A penalty may be imposed for early withdrawal of certificates.)

(WCF Financial Bank will generally not accept out of state deposits to CDs)

Tax Deffered Retirement Plans

If you are like most people, building a retirement fund is your biggest savings goal. You can reach that goal a little faster, or make your savings go a little farther with the added value of tax deferral in a retirement plan at WCF Financial Bank.

  • Deposit IRA funds in your choice of WCF Financial Bank's FDIC-insured Certificates of Deposit.
  • No service charges or maintenance fees every dollar invested grows for you.
Tax Deffered Retirement Plans
  Minimum Deposit Interest Rate Annual Percentage Yield*

Traditional Individual Retirement Account (IRA)

  • Available to individual wager earners under the age of 70½
  • Make contributions for 2009 up to $5,000 or 100% of earned incomes annually (whichever is less)
  • "Catch Up Contributions" of $1,000 available for individuals age 50 or over who have earned income and have not reached age 70½
  • Earnings grow tax free until they are withdrawn at retirement. If you qualify, enjoy the added benefit of current tax savings through full or partial tax deductibility of your contributions
Traditional Individual Retirement Account (IRA)   
  Minimum Deposit Interest Rate Annual Percentage Yield*

Roth IRA

  • Available to all wage earners, regardless of age.
  • Make contributions for 2009 up to $5,000 or 100% of earned income annually (whichever is less)
  • Catch Up Contributions" of $500 available for individuals age 50 or over who have earned income and have not reached age 70½
  • Earnings grow tax free until they are withdrawn. Unlike a traditional IRA, distributions are not required to begin at age 70½
  • Principal may be withdrawn without tax penalty or income tax.
  • Earnings can be withdrawn tax free if the account is open 5 years and you meet a qualifying reason for disbursement (i.e. age 59½, disability, death, etc.)
Roth IRA
  Minimum Deposit Interest Rate Annual Percentage Yield*

Simplified Employee Pension (SEP)

  • Available for businesses, including sole proprietorships,partnerships, and corporations.
  • Employer contributions made to both the employer and the employees? IRAs are deductible to the employer.
Simplified Employee Pension (SEP)
  Minimum Deposit Interest Rate Annual Percentage Yield*

Savings Accounts

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT ? To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver?s license or other identifying documents.



Rate Information - Your interest rate and annual percentage yield nay change.
Frequency of rate change - We may change the interest rate on your account at any time.
Compounding and crediting frequency - Interest will be compounded every month.  Interest will be credited to your account every month.
Minimum balance to open the account - You must deposit $50.00 to open this account.
Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield.
Minimum balance to avoid imposition of fees - A monthly service fee of $3.00 will be imposed every statement cycle if the balance in the account falls below $50.00 any day of the cycle.
Daily balance computation method- We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks)
Transaction limitations - Transfers from Statement Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per monthly statement cycle.

Coverdell Education Savings Account (Formerly Education IRA)

  • Available to anyone for the purpose of saving for post-secondary education expenses for a beneficiary. More than one person may contribute for the same beneficiary as long as the total does not exceed the limits.
  • Contributions of up to $2,000 per beneficiary, dependent on income of the contributor(s) per guidelines until the year the beneficiary reaches age 18.
  • Tax free distributions if used for post-secondary education expenses (according to IRS guidelines) by required age limit.

Deposit Tax Deferred Plan funds in your choice of WCF Financial Bank's FDIC-insured Certificates of Deposit or Savings Accounts.

Health Savings Accounts

If you are covered by a qualified high-deductible health plan and satisfy other requirements, you can open a Health Savings Account with WCF Financial Bank and begin saving money to help satisfy qualified medical expenses. No Service Charge or maintenance fees - every dollar invested grows for you.

  • Contributions are Fully  Deductible
  • Catch-Up Contributions Available for Ages 55 & Older
  • Earnings Grow Tax Deferred
  • Distributions for Qualified Medical Expenses are Tax-Free

Lending Staff Contacts

Webster City Office

Phone: (515) 832-3071
Fax: (515) 832-3085

KYLE R. SWON, Sr. Vice President
NMLS ID#647523

JEFFREY C. KLUVER, Vice President                                          
NMLS ID#662834
DANIELLE A. MOORE, Assistant Vice President                       


Independence Office

Phone: (319) 334-2545
Fax: (319) 334-2772

CYNTHIA S. BERGESON                                       
NMLS ID#798912