Overview / Commentary
Welcome Federal Credit Union is headquartered in Morrisville and is the 27th largest credit union in the state of North Carolina. It is also the 1,891st largest credit union in the nation. It was established in 1974 and as of March of 2025, it had grown to 22 employees and 6,483 members at 4 locations. Welcome Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Welcome Federal Credit Union is open to those who live, work (or regularly conduct business in), worship, volunteer, or attend school in Pitt County, North Carolina or portions of Zebulon, North Carolina. Employees, retirees, and members of more than 125 Select Employer Groups are also eligible to join.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional 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 Chartered | 1974 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.41% |
| Return on Equity - YTD | 3.2% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $93.4MM$96MM |
| Loans | Q1 2025vs Q1 2024 | $46.8MM$54.1MM |
| Deposits | Q1 2025vs Q1 2024 | $80.6MM$83.7MM |
| Equity Capital | Q1 2025vs Q1 2024 | $11.6MM$11.3MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $353K$355K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $708K$127K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |