Welcome Federal Credit Union
LOCATIONS
6
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HEALTH RATING
B+
View health report
CURRENT TOP RATE
1.51% APY
60 Month CD
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Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.51% | 5-year CD | 60 Month CD 2.35% - Synchrony Bank 60 Month CD |
| 0.20% | 1-year CD | 12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD |
| 0.03% | Savings | Shares 1.15% - CIT Bank Spring Savings |
Overview / Commentary
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 1,731st largest credit union in the nation. It was established in 1974 and as of March of 2017, it had grown to 27 employees and 8,790 members at 6 locations. Welcome Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Must be an employees, retirees, and members of GlaxoSmithKline, Inc. or several other companies.
See current membership details
Health
B+
Data as of Q1 2017
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 | 27 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.14% |
| Return on Equity - YTD | 1.12% |
| Annual Interest Income | $748.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $88.7MM$90.3MM |
| Loans | Q1 2017vs Q1 2016 | $56.9MM$45.2MM |
| Deposits | Q1 2017vs Q1 2016 | $77.0MM$78.2MM |
| Equity Capital | Q1 2017vs Q1 2016 | $11.1MM$10.8MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $304.00K$384.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $1.0MM$507.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Rates
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Welcome Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.60% | $100 | - | IRA Account | |
| 0.60% | $100 | - | Coverdell Educational Savings Account | |
| 0.03% | - | - | Shares | |
| 0.03% | - | - | Christmas Club Accounts |
Welcome Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $1k | - | Money Market Account |
Welcome Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.51% | $500 | - | 60 Month CD | |
| 1.21% | $500 | - | 48 Month CD | |
| 0.90% | $500 | - | 36 Month CD | |
| 0.45% | $500 | - | 24 Month CD | |
| 0.20% | $500 | - | 12 Month CD |
Locations
| Welcome Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 10810 Chapel Hill Rd | Morrisville, NC 27560 |
| Branch Office | 250 Easy St Ste C | Greenville, NC 27834-9054 |
| Branch Office | 5 Moore Dr Sanders 17.1379 | RTP, NC 27709-0143 |
| Branch Office | 620 Facet Rd | Henderson, NC 27537-5479 |
| Branch Office | 1011 N Arendell Ave | Zebulon, NC 27597-2309 |
| Branch Office | 125 E Gannon Ave | Zebulon, NC 27597 |