North East Welch Federal Credit Union

Overview / Commentary

www.newelchfcu.com

814-725-8190

115 Clay St
North East, PA 16428

North East Welch Federal Credit Union is headquartered in North East and is the 179^th largest credit union in the state of Pennsylvania. It is also the 3,302^nd largest credit union in the nation. It was established in 1953 and as of June of 2022, it had grown to 9 employees and 2,714 members at 2 locations. North East Welch Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in North East Borough, Greenfield Township, Wattsburg Borough, Harborcreek Township, Greene Township, Lawrence Park Township, and Venango Township in Erie County, Pennsylvania or the Towns of Ripley, Westfield, Sherman, Clymer, French Creek, Mina, Portland, Chautauqua, Villages of Brocton or Mayville in Chautauqua County, New York.
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Health

B+

Data as of Q2 2022

Learn why bank health matters

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. North East Welch Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	8687
Year Chartered	1953
Employees	9
Primary Regulator

Profit Margin
Return on Assets - YTD	0.33%
Return on Equity - YTD	2.52%
Annual Interest Income	$349.00K

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$23.0MM$21.4MM
Loans	Q2 2022vs Q2 2021	$10.0MM$9.4MM
Deposits	Q2 2022vs Q2 2021	$19.9MM$18.5MM
Equity Capital	Q2 2022vs Q2 2021	$3.0MM$2.9MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$76.00K$94.00K
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$149.00K$62.00K
Real Estate Owned	Q2 2022vs Q2 2021	$0$0

Rates

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Savings
CD
IRA

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North East Welch Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.11%	-	-	IRA Share Account
0.10%	$5	-	Regular Share Account
0.05%	-	-	Christmas Club

North East Welch Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.11%	$1k	-	36 Month Share Certificate
0.90%	$1k	-	24 Month Share Certificate
0.70%	$1k	-	12 Month Share Certificate

North East Welch Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.11%	$1k	-	36 Month IRA Certificate
0.90%	$1k	-	24 Month IRA Certificate
0.70%	$1k	-	12 Month IRA Certificate

Locations

North East Welch Federal Credit Union Locations
Branch Office	21 N Portage St	Westfield, NY 14787
Branch Office	115 Clay St	North East, PA 16428-1537

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