Wayne Westland Federal Credit Union

Overview / Commentary
500 S Wayne Rd
Westland, MI 48186

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

Reviews (1)

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


Health Grade Components

NCUA #5928
Year Chartered1948
Primary Regulator
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD31.72%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$143.5MM$149.4MM
LoansQ2 2023vs Q2 2022$71.8MM$62.1MM
DepositsQ2 2023vs Q2 2022$137.3MM$143.2MM
Equity CapitalQ2 2023vs Q2 2022$5.7MM$6.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$263.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$133.00K$124.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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Wayne Westland Federal Credit Union Savings Account Rates

0.50%--Youth Account
0.08%--Christmas Club
0.05%--Savings Account
0.05%--Vacation Club

Wayne Westland Federal Credit Union Money Market Rates

0.90%$50k-Capital Cash Account
0.70%$25k-Premier Investment Account
0.60%$2.5k-Money Market Account

Wayne Westland Federal Credit Union CD Rates

4.06%--24 Month CD
3.03%--12 Month CD
1.66%--60 Month CD
1.61%--48 Month CD
1.51%--36 Month CD
1.31%--15 Month CD
1.11%--9 Month CD
1.05%--6 Month CD
1.00%--3 Month CD

Wayne Westland Federal Credit Union IRA Rates

1.66%--60 Month IRA
1.61%--48 Month IRA
1.51%--36 Month IRA
1.41%--24 Month IRA
1.31%--15 Month IRA
1.21%--12 Month IRA
1.15%--18 Month Variable IRA
1.05%--6 Month IRA

Wayne Westland Federal Credit Union Locations
Branch Office500 S Wayne RdWestland, MI 48186-4361

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