Wayne Westland Federal Credit Union
Overview / Commentary
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 1,501st largest credit union in the nation. It was established in 1948 and as of March of 2025, it had grown to 34 employees and 10,926 members at 1 location. Wayne Westland Federal Credit Union 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
Health
B+
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5928 |
| Year Chartered | 1948 |
| Employees | 34 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 11.87% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $149.8MM$148MM |
| Loans | Q1 2025vs Q1 2024 | $71MM$72.4MM |
| Deposits | Q1 2025vs Q1 2024 | $138.4MM$138.9MM |
| Equity Capital | Q1 2025vs Q1 2024 | $11MM$7.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $989K$907K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $688K$160K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |