WEPCO Federal Credit Union

Overview / Commentary
204 North Branch Avenue
Bloomington, MD 21523

WEPCO Federal Credit Union is headquartered in Bloomington and is the 24th largest credit union in the state of Maryland. It is also the 958th largest credit union in the nation. It was established in 1950 and as of December of 2022, it had grown to 45 employees and 34,207 members at 4 locations. WEPCO 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 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

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 Grade Components

NCUA #6685
Year Chartered1950
Primary Regulator
Profit Margin
Return on Assets - YTD1.62%
Return on Equity - YTD13.81%
Annual Interest Income$11.1MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$322.9MM$318.8MM
LoansQ4 2022vs Q4 2021$195.0MM$173.5MM
DepositsQ4 2022vs Q4 2021$283.3MM$285.2MM
Equity CapitalQ4 2022vs Q4 2021$38.3MM$33.1MM
Loan Loss AllowanceQ4 2022vs Q4 2021$874.00K$955.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$2.6MM$1.6MM
Real Estate OwnedQ4 2022vs Q4 2021$0$35.00K
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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

2.02%--IRA Account
1.50%*-$35kKasasa Saver
OTHER TIERS: 0.57% $35k+
0.40%*$75k*-Early Saver Accounts
OTHER TIERS: 0.15% Up to $100 | 0.20% $100 - $2.5k | 0.25% $2.5k - $10k | 0.30% $10k - $25k | 0.35% $25k - $75k
0.10%--Christmas Club
0.10%--Special Purpose Savings
0.05%$100-Share Account
0.05%$100-Special Savings Account

WEPCO Federal Credit Union Money Market Rates

1.15%*$500k*-Money Market Accounts
OTHER TIERS: 0.55% $2.5k - $25k | 0.65% $25k - $75k | 0.75% $75k - $125k | 0.85% $125k - $175k | 0.95% $175k - $250k | 1.05% $250k - $500k

WEPCO Federal Credit Union Checking Account Rates

3.00%*-$10kKasasa Cash Checking
OTHER TIERS: 0.25% $10k+
0.10%$100-Business Share Draft Account

WEPCO Federal Credit Union CD Rates

2.27%$500-60 Month Share Certificate
2.02%$500-48 Month Share Certificate
1.51%$500-36 Month Share Certificate
1.36%$500-24 Month Share Certificate

WEPCO Federal Credit Union IRA Rates

2.27%$500-60 Month IRA Certificate
2.02%$500-48 Month IRA Certificate
1.51%$500-36 Month IRA Certificate
1.36%$500-24 Month IRA Certificate

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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