Wright-Patt Credit Union is headquartered in FAIRBORN and is the largest credit union in the state of Ohio. It is also the 46th largest credit union in the nation. It was established in 1932 and as of December of 2013, it had grown to 544 employees and 268,575 members. Wright-Patt Credit Union's savings rates are 6X the national average, and it boasts a A+ health rating.
In addition to those who work at the Wright-Patterson Air Force Base, credit union membership is open to retired United States government military and civilian personnel. It's also open to those who live, work, worship or attend school in Montgomery, Greene, Warren, Miami, Clark, Clinton, Champaign, or Hamilton counties in Ohio. There's also a long list of select groups which can qualify you for membership. Refer to the credit union's eligibility page for the membership details. - See Details
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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, 2013 Wright-Patt Credit Union had $14.91 million in non-current loans and owned real-estate with $317.98 million in equity and loan loss allowances on hand to cover it. This gives Wright-Patt Credit Union a Texas Ratio of 4.69% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Wright-Patt Credit Union experienced no significant changes from 4.69% as of December 31, 2012 to 4.69% as of December 31, 2013, resulting in a positive change of 0.07%.This indicates that the balance sheet and financial strength for Wright-Patt Credit Union has had no significant changes in recent periods.
In the past year, Wright-Patt Credit Union has increased its total deposits by $131.24 million, resulting in 5.94% 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 Wright-Patt Credit Union has shown is excellent.
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. Wright-Patt Credit Union has $2.73 billion in assets with $317.98 million in equity, resulting in a capitalization level of 11.65%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$304.27 million|
|Loan Loss Allowance||$13.71 million|
|Unbacked Noncurrent Loans||$14.43 million|
|Real Estate Owned||$482,000|
|Historic Data - December 2012|
|Equity Capital||$292.89 million|
|Loan Loss Allowance||$12.06 million|
|Unbacked Noncurrent Loans||$14.43 million|
|Real Estate Owned||$811,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.58%|
|Return on Assets||1.24%|
|Return on Equity||11.15%|
|Interest Income||$85.22 million|
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|3.00%||-||$500||Business Health Savings Account - Enhanced|
|0.80%||-||-||Business Health Savings Account - Basic|
|0.08%||-||-||Easy Saver Share|
|0.08%||-||-||Business Share Account|
|0.15%||$50k||-||Personal Capital Money Market|
|0.15%||$50k||-||Business Money Market Savings Account|
|0.08%||$25k||-||Checking with Dividends|
|0.08%||$25k||-||Business Plus/Premium Checking|
|2.33%||$100k||-||72 Month CD|
|2.33%||$100k||-||Business 72 Month CD|
|1.98%||$100k||-||60-71 Month CD|
|1.98%||$100k||-||Business 60 - 71 Month CD|
|1.61%||$100k||-||48-59 Month CD|
|1.61%||$100k||-||Business 48 - 59 Month CD|
|1.18%||$100k||-||36-47 Month CD|
|1.18%||$100k||-||Business 36 - 47 Month CD|
|0.71%||$100k||-||24-35 Month CD|
|0.71%||$100k||-||Business 24 - 35 Month CD|
|0.53%||$100k||-||18-23 Month CD|
|0.53%||$100k||-||Business 18 - 23 Month CD|
|0.43%||$100k||-||12-17 Month CD|
|0.43%||$100k||-||Business 12 - 17 Month CD|
|0.33%||$100k||-||6-11 Month CD|
|0.33%||$100k||-||Business 6 - 11 Month CD|
|2.33%||$100k||-||72 Month IRA|
|1.98%||$100k||-||60-71 Month IRA|
|1.61%||$100k||-||48-59 Month IRA|
|1.18%||$100k||-||36-47 Month IRA|
|0.71%||$100k||-||24-35 Month IRA|
|0.53%||$100k||-||18-23 Month IRA|
|0.53%||$100k||-||18 Month Fixed Add-On IRA|
|0.43%||$100k||-||12-17 Month IRA|
|0.33%||$100k||-||6-11 Month IRA|
|0.33%||$100k||-||18 Month Variable Add-On IRA|