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Mwd Federal Credit Union

Popular Accounts at this Credit Union

0.10%SavingsShare Savings Account
0.45%2-year CD24 - 48 Month Share Certificate
0.25%Money MarketMoney Market Account

Overview / Commentary
700 N Alameda St
Los Angeles, CA 90012

Mwd Federal Credit Union is headquartered in LOS ANGELES and is the 208th largest credit union in the state of California. It is also the 2,426th largest credit union in the nation. It was established in 1956 and as of June of 2016, it had grown to 7 employees and 2,824 members at 1 location. Mwd Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees or retirees of Metropolitan Water District of Southern California and their family.
See current membership details

Reviews (1)

It is Pretty Lame By Today's Standards

Posted by: MWD | May 12, 2016

I joined my credit union at work since they praised higher interest rates and such. Which is true, they offer higher rates for both savings and checking. I opened up a checking and realized how behind the times they were with technology. I am coming from Wells Fargo where practically everything can be done through mobile. The credit union's website is a complete mess. It looks like it belongs in 2005. The first thing i did was try to pay rent to my landlord. The online website charges a .50 cent fee to pay my landlord through email. That is ridiculous considering most banks offer it for free or there are many applications that offer it for free. I went and asked the bank teller if there was another option and he said that I can use the mobile app, which would be free. I use the mobile app only to find out that I am limited of only sending 1000 dollars a day. I contacted my landlord to let him know that i will be paying in two installments. Surprise! Surprise! the mobile app failed to send payment 3 times. At this point, I give up and am returning to Wells Fargo.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Mwd Federal Credit Union has a low asset base.

Health Grade Components

NCUA #10837
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD1.33%
Annual Interest Income$608.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$45.2MM$44.9MM
LoansQ2 2016vs Q2 2015$17.0MM$16.5MM
DepositsQ2 2016vs Q2 2015$39.0MM$38.5MM
Equity CapitalQ2 2016vs Q2 2015$5.7MM$5.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$113.00K$187.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1,000$11.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mwd Federal Credit Union Savings Account Rates

0.25%--Holiday Club Account
0.25%*-$1kScottie Saver Account
OTHER TIERS: 0.10% $1k+
0.25%*$25*$2,500Teen Gold Club Account
OTHER TIERS: 0.10% $2,500+
0.20%$25-IRA Share Account
0.10%$25-Share Savings Account

Mwd Federal Credit Union Money Market Rates

0.25%*$50k*-Money Market Account
OTHER TIERS: 0.15% $2,500 - $50k

Mwd Federal Credit Union Checking Account Rates

0.05%--Share Draft Account

Mwd Federal Credit Union CD Rates

0.45%$2,500-24 - 48 Month Share Certificate
0.25%$250-12 Month Share Certificate Builder
0.25%$2,500-6 - 23 Month Share Certificate

Mwd Federal Credit Union IRA Rates

0.45%$2,500-24 - 48 Month IRA
0.25%$2,500-6 - 23 Month IRA

Mwd Federal Credit Union Locations
Branch Office700 N ALAMEDA STLOS ANGELES, CA 90012