Overview / Commentary
919-474-3240
10810 Chapel Hill Rd
Morrisville, NC 27560

Welcome Federal Credit Union is headquartered in Morrisville and is the 25th largest credit union in the state of North Carolina. It is also the 1,774th largest credit union in the nation. It was established in 1974 and as of June of 2018, it had grown to 27 employees and 7,749 members at 6 locations. Welcome Federal Credit Union's CD rates are 22% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Welcome Federal Credit Union is open to employees (current or retired), members of corporations, associations, and companies and their successor/predecessor, divisions/subsidiaries, and family or household members of the following SEGs (partial list): Aflac District Sales (Greenville, North Carolina), Big Brothers Big Sisters, Campbell University Students - RTP Campus, Spectrum/Time Warner Charter Communications, Wake Tech Community College, Walmart Neighborhood Market and many others (a complete list can be found on the credit union's website).
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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Welcome Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #24807
Year Chartered1974
Employees27
Primary Regulator
Profit Margin
Return on Assets - YTD-0.23%
Return on Equity - YTD-1.78%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$85.2MM$88.4MM
LoansQ2 2018vs Q2 2017$59.9MM$57.0MM
DepositsQ2 2018vs Q2 2017$73.5MM$76.7MM
Equity CapitalQ2 2018vs Q2 2017$11.1MM$11.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$493.00K$349.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$828.00K$1.3MM
Real Estate OwnedQ2 2018vs Q2 2017$459.00K$0
Rates
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Welcome Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$100-IRA Account
0.10%$5-Shares
0.10%$5-Christmas Club Accounts

Welcome Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-Money Market Account

Welcome Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.43%$1k$750k24 Month CD Special - New Money
2.12%$500-60 Month CD
1.81%$500-48 Month CD
1.60%$1k$1m16 Month CD Special
1.51%$500-36 Month CD
1.41%$500-24 Month CD
1.10%$500-12 Month CD
Locations


Welcome Federal Credit Union Locations
Branch Office10810 Chapel Hill RdMorrisville, NC 27560
Branch Office250 Easy St Ste C Greenfield North Plaza Shopping CenterGreenville, NC 27834-9054
Branch Office5 Moore Dr Sanders 17.1379RTP, NC 27709-0143
Branch Office620 Facet RdHenderson, NC 27537-5479
Branch Office1011 N Arendell AveZebulon, NC 27597-2309
Branch Office125 E Gannon AveZebulon, NC 27597

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