Westmoreland Community Credit Union

Westmoreland Community Credit Union Locations
1007 George's Station Road
Greensburg, PA 15601
www.westmorelandfcu.org

Westmoreland Community Credit Union is headquartered in Greensburg and is the 105th largest credit union in the state of Pennsylvania. It is also the 2,217st largest credit union in the nation. It was established in 1951 and as of December of 2011, it had grown to 17 employees and 9,411 members. Westmoreland Community Credit Union has a 4-star health rating.



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See Rates for: Savings | Money Market | CD | IRA

Westmoreland Community Credit Union Savings Account Rates

ApyMinMaxProduct
0.15%--Accumulation IRA
0.15%--Accumulation Roth IRA
0.15%--Accumulation CESA
0.10%--Regular Shares
0.10%--Christmas Club
0.10%--Vacation Club
0.10%--Special Club

Westmoreland Community Credit Union Money Market Rates

ApyMinMaxProduct
0.10%$500-Money Market Accounts

Westmoreland Community Credit Union CD Rates

ApyMinMaxProduct
0.80%--60 Month CD
0.70%--48 Month CD
0.30%--36 Month CD
0.25%--24 Month CD
0.20%--12 Month CD
0.15%--6 Month CD

Westmoreland Community Credit Union IRA Rates

ApyMinMaxProduct
0.85%--60 Month IRA
0.85%--60 Month Roth IRA
0.85%--60 Month CESA
0.75%--48 Month IRA
0.75%--48 Month Roth IRA
0.75%--48 Month CESA
0.35%--36 Month IRA
0.35%--36 Month Roth IRA
0.35%--36 Month CESA
0.30%--24 Month IRA
0.30%--24 Month Roth IRA
0.30%--24 Month CESA
0.25%--12 Month IRA
0.25%--12 Month Roth IRA
0.25%--12 Month CESA

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


WESTMORELAND COMMUNITY
NCUA #7297
BankRate ReportView
Year Chartered1951
Employees17
Primary Regulator

Assets and Liabilities

Assets$51.19 million
Loans$32.42 million
Deposits$46.46 million
Equity Capital$4.52 million
Loan Loss Allowance$284,000
Unbacked Noncurrent Loans$430,000

Historic Data - December 2010

Assets$47.76 million
Equity Capital$4.33 million
Loan Loss Allowance$265,000
Unbacked Noncurrent Loans$573,000

Profit Margin - Quarterly

Net Interest Margin5.2%
Return on Assets-0.36%
Return on Equity-4.05%
Interest Income$2.15 million
Non-Interest Income$541,000

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 Westmoreland Community Credit Union had $430,000 in non-current loans and owned real-estate with $4.8 million in equity and loan loss allowances on hand to cover it. This gives Westmoreland Community Credit Union a Texas Ratio of 8.95% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Westmoreland Community Credit Union decreased slightly from 12.48% as of December 31, 2010 to 8.95% as of December 31, 2011, resulting in a positive change of 28.28%.This indicates that the balance sheet and financial strength for Westmoreland Community Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Westmoreland Community Credit Union has increased its total deposits by $3.13 million, resulting in 7.23% 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 Westmoreland Community Credit Union has shown is excellent.
Capitalization3
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. Westmoreland Community Credit Union has $51.19 million in assets with $4.8 million in equity, resulting in a capitalization level of 9.38%, which is average.
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