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 1,499th largest credit union in the nation. It was established in 1948 and as of June of 2024, it had grown to 33 employees and 11,086 members at 1 location. Wayne Westland Federal Credit Union's money market 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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Health
B+

Health Grade Components

Overall
NCUA #5928
Year Chartered1948
Employees33
Primary Regulator
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD14.6%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$148.5MM$143.5MM
LoansQ2 2024vs Q2 2023$74.5MM$71.8MM
DepositsQ2 2024vs Q2 2023$138.7MM$137.3MM
Equity CapitalQ2 2024vs Q2 2023$8.6MM$5.7MM
Loan Loss AllowanceQ2 2024vs Q2 2023$930K$721K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$438K$133K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Wayne Westland Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$0-Youth Account
0.08%$0-Christmas Club
0.05%$0-Savings Account
0.05%$0-Vacation Club

Wayne Westland Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$50k-Capital Cash Account
0.95%$25k-Premier Investment Account
0.85%$2.5k-Money Market Account

Wayne Westland Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.66%$0-60 Month CD
1.61%$0-48 Month CD
1.51%$0-36 Month CD
1.41%$0-24 Month CD
1.31%$0-15 Month CD
1.21%$0-12 Month CD
1.11%$0-9 Month CD
1.05%$0-6 Month CD
1.00%$0-3 Month CD

Wayne Westland Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.66%$0-60 Month IRA
1.61%$0-48 Month IRA
1.51%$0-36 Month IRA
1.41%$0-24 Month IRA
1.31%$0-15 Month IRA
1.21%$0-12 Month IRA
1.15%$0-18 Month Variable IRA
1.05%$0-6 Month IRA
Locations


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

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