Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
717-898-7673
611 Centerville RD
Lancaster, PA 17601

Wheatland Credit Union is headquartered in Lancaster and is the 106th largest credit union in the state of Pennsylvania. It is also the 2,195th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 19 employees and 8,423 members. Wheatland Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Lancaster County, Pennsylvania. - See Details

Reviews (1)

A Little Shady???

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 We are on a limited budget and the money withdrawn put us in the hole.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.



Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Wheatland Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Wheatland Credit Union had $540,000 in non-current loans and owned real-estate with $5.01 million in equity and loan loss allowances on hand to cover it. This gives Wheatland Credit Union a Texas Ratio of 10.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Wheatland Credit Union experienced no significant changes from 8.26% as of March 31, 2013 to 10.78% as of March 31, 2014, resulting in a negative change of 30.58%. This indicates that the balance sheet and financial strength for Wheatland Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Wheatland Credit Union has decreased its total deposits by -$1.44 million, resulting in -2.79% 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 below average.

Capitalization

GRADE:
C+

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 $55.26 million in assets with $5.01 million in equity, resulting in a capitalization level of 9.06%, which is average.

Institution Statistics

Overall
NCUA #1658
Year Chartered1936
Employees19
Primary Regulator
Assets and Liabilities
Assets$55.26 million
Loans$35.51 million
Deposits$49.99 million
Equity Capital$4.89 million
Loan Loss Allowance$120,000
Unbacked Noncurrent Loans$540,000
Real Estate Owned$0
Historic Data - March 2013
Assets$56.40 million
Equity Capital$4.73 million
Loan Loss Allowance$203,000
Unbacked Noncurrent Loans$540,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.07%
Return on Equity0.82%
Interest Income$463,000
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Wheatland Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Wheatland Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Accumulation IRA
0.25%--Accumulation Roth IRA
0.25%--Accumulation CESA
0.20%--The Wheatland Fund
0.20%--Club Grand Account
0.10%--Vacation Club
0.10%--Holiday Club
0.10%--Sharky Savers Account
0.05%--Regular Share Account
0.05%--Personal Choice Savings Account

Wheatland Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.70%$500-36 Month All-Star Rewards Tier 3 Certificate
0.70%$500-36 Month Club Grand Member Certificate
0.70%$500-36 Month All-Star Rewards Tier 4 Certificate
0.60%$500-36 Month Certificate
0.50%$500-24 Month All-Star Rewards Tier 3 Certificate
0.50%$500-24 Month Club Grand Member Certificate
0.50%$500-24 Month All-Star Rewards Tier 4 Certificate
0.40%$500-24 Month Certificate
0.30%$500-12 Month Certificate
0.20%$500-6 Month Certificate

Wheatland Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.70%$2k-3 Year IRA Certificate
0.50%$1k-24 Month IRA Certificate
0.40%$500-12 Month IRA Certificate
Locations


Wheatland Credit Union Locations
Branch Office625 Robert Fulton HwyQuarryville, PA 17566
Branch Office625 Robert Fulton HwyQuarryville, PA 17566
Branch Office611 Centerville RDLancaster, PA 17601
Branch Office555 Greenfield Rd Ste 111Lancaster, PA 17601
Branch Office2701 Sheaffer RdElizabethtown, PA 17022
Branch OfficeHempfield High School 200 Stanley AveLandisville, PA 17538