Overview / Commentary
WEPCO Federal Credit Union is headquartered in Bloomington and is the 24th largest credit union in the state of Maryland. It is also the 909th largest credit union in the nation. It was established in 1950 and as of June of 2024, it had grown to 69 employees and 40,596 members at 6 locations. WEPCO Federal Credit Union 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
Health
A
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6685 |
| Year Chartered | 1950 |
| Employees | 69 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.36% |
| Return on Equity - YTD | 16.67% |
| Annual Interest Income | $9.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $359.4MM$348.4MM |
| Loans | Q2 2024vs Q2 2023 | $262.1MM$250MM |
| Deposits | Q2 2024vs Q2 2023 | $307.5MM$297.8MM |
| Equity Capital | Q2 2024vs Q2 2023 | $50.5MM$42.6MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $2.6MM$2.5MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $4.3MM$3.3MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$57K |