Wepco Credit Union

Wepco Credit Union is headquartered in Bloomington and is the 27^th largest credit union in the state of Maryland. It is also the 878^th largest credit union in the nation. It was established in 1950 and as of December of 2011, it had grown to 42 employees and 24,778 members. Wepco Credit Union's savings rates are 3X the national average, and it has a 4-star health rating.

Wepco Credit Union Checking Account Rates

Wepco Credit Union Savings Account Rates

Wepco Credit Union Money Market Rates

Data for Q4 2011

Institution Statistics WEPCO NCUA # 6685 BankRate Report View Year Chartered 1950 Employees 42 Primary Regulator Assets and Liabilities Assets $193.63 million Loans $112.49 million Deposits $175.85 million Equity Capital $16.28 million Loan Loss Allowance $1.17 million Unbacked Noncurrent Loans $1.41 million Historic Data - December 2010 Assets $178.88 million Equity Capital $15.61 million Loan Loss Allowance $1.12 million Unbacked Noncurrent Loans $1.50 million Profit Margin - Quarterly Net Interest Margin 5.14% Return on Assets 0.29% Return on Equity 3.45% Interest Income $7.31 million Non-Interest Income $1.30 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Wepco Credit Union had $1.41 million in non-current loans and owned real-estate with $17.44 million in equity and loan loss allowances on hand to cover it. This gives Wepco Credit Union a Texas Ratio of 8.08% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Wepco Credit Union held steady from 8.98% as of December 31, 2010 to 8.08% as of December 31, 2011, resulting in a positive change of 10.06%.This indicates that the balance sheet and financial strength for Wepco Credit Union has held steady in recent periods. Deposit Growth In the past year, Wepco Credit Union has increased its total deposits by $13.87 million, resulting in 8.56% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Wepco Credit Union has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Wepco Credit Union has $193.63 million in assets with $17.44 million in equity, resulting in a capitalization level of 9.01%, which is average.

No reviews have been left for this bank yet. Be the first to review.