About Us

Watertown Employees' Federal Credit Union was chartered in 1953 and is a not-for-profit financial cooperative, which exists solely for the benefit of its members.

In April 2004, Watertown Employees' Federal Credit Union received approval from our federal regulator, the National Credit Union Administration (NCUA), to convert to a community charter; serving the residents of Codington County.

On June 15, 2009 Watertown Employees' Federal Credit Union received approval from NCUA to change our name to Avanti Federal Credit Union.

On May 16, 2012 Avanti Federal Credit Union was granted permission by NCUA to expand our field of membership to include Clark, Deuel, Grant and Hamlin Counties in northeast South Dakota.

On March 1, 2018 Avanti Credit Union merged with Glacial Lakes Educational Employees Federal Credit Union. This merge expanded our field of membership to:

  • Persons who live, work, worship or attend school in, and businesses and other legal entities located in Clark, Codington, Deuel, Grant, and Hamlin Counties in South Dakota.

  • Members of record of Avanti Federal Credit Union as of the effective date of its community expansion on May 16, 2012.

  • Members of record of Glacial Lakes Educational Employees Federal Credit Union #9233 as of the effective date of its community expansion on March 1, 2018.

If you are interested in joining our Credit Union, please stop by 1620 4th Street NE, Watertown, South Dakota or call 605-882-2357.

Members are federally insured to $250,000 by the National Credit Union Administration (NCUA), a United States government agency.

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 to 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 will ask to see your driver’s license or other identifying documents when you come to the branch to sign the account card.

Member Referral Program

If you are an existing member who refers a new member, and the new member stays for 30 days, you will receive $10. Contact us for more information.