Wayne Westland Federal Credit Union


Overview / Commentary
734-721-5700
500 S Wayne Rd
Westland, MI 48186

Wayne Westland Federal Credit Union is headquartered in Westland and is the 94th largest credit union in the state of Michigan. It is also the 1,520th largest credit union in the nation. It was established in 1948 and as of June of 2020, it had grown to 33 employees and 11,561 members at 1 location. Wayne Westland Federal Credit Union has an A 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

Health Grade Components

Overall
NCUA #5928
Year Chartered1948
Employees33
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD2.48%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$127.5MM$112.3MM
LoansQ2 2020vs Q2 2019$50.4MM$48.8MM
DepositsQ2 2020vs Q2 2019$114.7MM$100.7MM
Equity CapitalQ2 2020vs Q2 2019$12.3MM$10.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$283.00K$275.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$150.00K$334.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Wayne Westland Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Youth Account
0.05%--Savings Account
0.05%--Christmas Club
0.05%--Vacation Club

Wayne Westland Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$50k-Capital Cash Account
0.10%$25k-Premier Investment Account
0.07%$2.5k-Money Market Account

Wayne Westland Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--60 Month CD
0.60%--48 Month CD
0.55%--36 Month CD
0.50%--24 Month CD
0.45%--15 Month CD
0.40%--12 Month CD
0.30%--9 Month CD
0.20%--6 Month CD
0.10%--3 Month CD

Wayne Westland Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--60 Month IRA
0.60%--48 Month IRA
0.55%--36 Month IRA
0.55%--18 Month Variable IRA
0.50%--24 Month IRA
0.45%--15 Month IRA
0.40%--12 Month IRA
0.20%--6 Month IRA
Locations


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

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