WEPCO Federal Credit Union


Overview / Commentary
301-359-3081
204 North Branch Avenue
Bloomington, MD 21523

WEPCO Federal Credit Union is headquartered in Bloomington and is the 25th largest credit union in the state of Maryland. It is also the 946th largest credit union in the nation. It was established in 1950 and as of December of 2019, it had grown to 42 employees and 32,798 members at 4 locations. WEPCO Federal Credit Union's money market rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in WEPCO Federal Credit Union is open to those who live, work, worship, or attend school in Allegany or Garrett Counties in Maryland, or Mineral, Preston, or Tucker Counties in West Virginia. Current and retired employees of Verso Corporation (Luke, Maryland) also qualify for membership.
See current membership details

Related Posts

WEPCO Federal Credit Union (MD/WV) Has 3.03% APY 60-Month CD - 1/17/2020

WEPCO Federal Credit Union (MD/WV) is currently offering a 60-month Share Certificate earning 3.03% APY. Minimum opening deposit is $500, with no stated balance cap.

Reviews (2)

Positive experience at WEPCO Credit Union

I have had a positive experience banking with WEPCO Federal Credit Union in Oakland, Maryland. The tellers are friendly and do their best to create a positive customer experience. They go above and beyond what is necessary to do this. I have had several questions regarding transactions that are less common and they have managed to help me even in those circumstances. The credit union is efficient and the tellers are helpful. The online banking experience is satisfactory, but this is an area where I think that WEPCO might improve. I do prefer the online interface of my PNC account. WEPCO offers ample banking supplies such as checkbook covers and pens. The environment at the credit union is calm and fairly spacious in my opinion.

Good to Poor

When I was young I needed to open my first checking account. I chose Wepco because they were the closest credit union to my house. I had never heard anything good or bad about them up until that point. My experience started out normal enough. Everything operated as it should. It wasn't until I had my first problem that the cracks started to show. One day I brought in a check to deposit. It was payment for a small I had done. Days later I received a notification that the check had bounced. When I went in I asked to speak to someone about the issue and that is when I got a taste for their horrible customer service. The woman behind the counter was rude and short with me. She acted as if wasn't her job to deal with people like me and my problem. I eventually asked to speak to the manager. She acted like it was my fault that the check did not clear and we got into an argument. It was pretty uncomfortable after that. I wouldn't recommend Wepco. They don't have the people skills to be a great institution.



Health

Health Grade Components

Overall
NCUA #6685
Year Chartered1950
Employees42
Primary Regulator
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD9.81%
Annual Interest Income$9.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$247.8MM$223.3MM
LoansQ4 2019vs Q4 2018$185.4MM$179.1MM
DepositsQ4 2019vs Q4 2018$219.6MM$198.1MM
Equity CapitalQ4 2019vs Q4 2018$26.8MM$24.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.6MM$1.7MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$2.1MM$2.3MM
Real Estate OwnedQ4 2019vs Q4 2018$123.00K$28.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not WEPCO Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

WEPCO Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%--IRA Account
0.80%*$75k*-Early Saver Accounts
OTHER TIERS: 0.50% Up to $10k | 0.60% $10k - $25k | 0.70% $25k - $75k
0.50%*$75k*-Share Account
OTHER TIERS: 0.35% $100 - $10k | 0.40% $10k - $25k | 0.45% $25k - $75k
0.50%*$75k*-Special Savings Account
OTHER TIERS: 0.35% $100 - $10k | 0.40% $10k - $25k | 0.45% $25k - $75k
0.10%--Christmas Club
0.10%--Special Purpose Account

WEPCO Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*$500k*-Money Market Accounts
OTHER TIERS: 0.50% $2.5k - $25k | 0.60% $25k - $75k | 0.75% $75k - $125k | 0.90% $125k - $175k | 1.00% $175k - $250k | 1.26% $250k - $500k

WEPCO Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Business Share Draft Account

WEPCO Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$500-60 Month Share Certificate
1.26%$500-48 Month Share Certificate
1.00%$500-36 Month Share Certificate
0.85%$500-24 Month Share Certificate

WEPCO Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$500-60 Month IRA Certificate
1.26%$500-48 Month IRA Certificate
1.00%$500-36 Month IRA Certificate
0.85%$500-24 Month IRA Certificate
Locations


WEPCO Federal Credit Union Locations
Branch Office204 North Branch AvenueBloomington, MD 21523
Branch Office12826 Garrett HwyOakland, MD 21550
Branch Office459 New Creek HwyKeyser, WV 26726-9537
Branch Office12511 Winchester Rd SWLaVale, MD 21502

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