Average User Rating:
1 star rating based on 1 review.

Wheatland Credit Union

611 Centerville RD
Lancaster, PA 17601
www.wheatlandcu.com

OverView
Rates
Health
Reviews

Wheatland Credit Union is headquartered in Lancaster and is the 101^st largest credit union in the state of Pennsylvania. It is also the 2,173^rd largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 21 employees and 9,501 members. Wheatland Credit Union has a 4-star health rating.

Report an Issue

See Rates for: Savings | CD | IRA

Wheatland Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	-	-	Club Grand Account
0.50%	-	-	Accumulation IRA
0.50%	-	-	Accumulation Roth IRA
0.50%	-	-	Accumulation CESA
0.35%	-	-	The Wheatland Fund
0.25%	-	-	Vacation Club
0.25%	-	-	Holiday Club
0.25%	-	-	Sharky Savers Account
0.15%	-	-	Regular Share Account

Wheatland Credit Union CD Rates

Apy	Min	Max	Product
1.00%	$15k	-	36 Month All-Star Rewards Tier 3 Certificate
1.00%	$15k	-	36 Month Club Grand Member Certificate
1.00%	$15k	-	36 Month All-Star Rewards Tier 4 Certificate
0.90%	$15k	-	36 Month Certificate
0.70%	$15k	-	24 Month All-Star Rewards Tier 3 Certificate
0.70%	$15k	-	24 Month Club Grand Member Certificate
0.70%	$15k	-	24 Month All-Star Rewards Tier 4 Certificate
0.60%	$15k	-	24 Month Certificate
0.40%	$15k	-	12 Month Certificate
0.30%	$15k	-	6 Month Certificate

Wheatland Credit Union IRA Rates

Apy	Min	Max	Product
1.00%	$15k	-	3 Year IRA Certificate
1.00%	$15k	-	3 Year Roth IRA Certificate
1.00%	$15k	-	3 Year CESA Certificate
0.70%	$15k	-	24 Month IRA Certificate
0.70%	$15k	-	24 Month Roth IRA Certificate
0.70%	$15k	-	24 Month CESA Certificate
0.50%	$15k	-	12 Month IRA Certificate
0.50%	$15k	-	12 Month Roth IRA Certificate
0.50%	$15k	-	12 Month CESA Certificate

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

WHEATLAND
NCUA #	1658
BankRate Report	View
Year Chartered	1936
Employees	21
Primary Regulator
Assets and Liabilities
Assets	$53.21 million
Loans	$30.00 million
Deposits	$48.35 million
Equity Capital	$4.64 million
Loan Loss Allowance	$259,000
Unbacked Noncurrent Loans	$526,000
Historic Data - December 2010
Assets	$48.04 million
Equity Capital	$4.63 million
Loan Loss Allowance	$347,000
Unbacked Noncurrent Loans	$734,000
Profit Margin - Quarterly
Net Interest Margin	6.28%
Return on Assets	0.02%
Return on Equity	0.28%
Interest Income	$2.30 million
Non-Interest Income	$756,000

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 Wheatland Credit Union had $526,000 in non-current loans and owned real-estate with $4.9 million in equity and loan loss allowances on hand to cover it. This gives Wheatland Credit Union a Texas Ratio of 10.73% 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 Wheatland Credit Union decreased slightly from 14.76% as of December 31, 2010 to 10.73% as of December 31, 2011, resulting in a positive change of 27.27%.This indicates that the balance sheet and financial strength for Wheatland Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Wheatland Credit Union has increased its total deposits by $5.11 million, resulting in 11.82% 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 Wheatland 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. Wheatland Credit Union has $53.21 million in assets with $4.9 million in equity, resulting in a capitalization level of 9.21%, which is average.

A Little Shady???
1 stars

- snh25583 - Friday, March 11, 2011 - 3:17 PM

After being a member for about 7 years, I changed my account to add my husband. He had apparently had an account there two years previous to opening the joint account. He owed money, and when we opened the joint account, no one made mention of this. But two years later they just took the money from our joint account. No notice, no phone call...nothing to tell us that they were taking the money. We are on a limited budget and the money withdrawn put us in the hole. When I contacted the bank, they said there was nothing they could do but they would reprimand the person who opened the joint account for not mentioning the money owed. That did us NO good. This situation was infortunate considering up until that point they had been a good credit union. Now I don't trust them...the account is still open...but NO money goes into it.