Wayne Westland Federal Credit Union is headquartered in Westland and is the 93rd largest credit union in the state of Michigan. It is also the 1,513th largest credit union in the nation. It was established in 1948 and as of June of 2023, it had grown to 33 employees and 10,970 members at 1 location. Wayne Westland Federal Credit Union's CD rates are 3X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in Wayne Westland Federal Credit Union is open to individuals who reside, work, regularly conduct business, attend school, worship or volunteer in Wayne County, Michigan. Those who participate in programs to relieve poverty or distress that are located in Wayne County also qualify for membership.
See current membership details
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Fraud On Bankcard
I'm sorry to say that I am very disappointed in this credit union. I have been with them since 1995 and just recently my bank info was stolen and my account was frauded. I went to the bank expecting them to help me. But all I got was I NEED TO CONTACT THE COMPANIES MY CARD was charged too and try to get my money back. Really ....I need to investigate the fraud done to my account, your fraud department doesn't do that. I have had this experience happen one other time and the card company immediately reimbursed me and did there own investigation. This is poor service on there part and as a credit union you would expect a little more out of. I believe MY OTHER BANK would have provided me with better resolution. This is a total shame and I did share this with my friends and family who currently have accounts there
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5928 |
| Year Chartered | 1948 |
| Employees | 33 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.26% |
| Return on Equity - YTD | 31.72% |
| Annual Interest Income | $2.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $143.5MM$149.4MM |
| Loans | Q2 2023vs Q2 2022 | $71.8MM$62.1MM |
| Deposits | Q2 2023vs Q2 2022 | $137.3MM$143.2MM |
| Equity Capital | Q2 2023vs Q2 2022 | $5.7MM$6.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$263.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $133.00K$124.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |