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.
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
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.
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.
Overall | |
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NCUA # | 6685 |
Year Chartered | 1950 |
Employees | 45 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.62% |
Return on Equity - YTD | 13.81% |
Annual Interest Income | $11.1MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2022vs Q4 2021 | $322.9MM$318.8MM |
Loans | Q4 2022vs Q4 2021 | $195.0MM$173.5MM |
Deposits | Q4 2022vs Q4 2021 | $283.3MM$285.2MM |
Equity Capital | Q4 2022vs Q4 2021 | $38.3MM$33.1MM |
Loan Loss Allowance | Q4 2022vs Q4 2021 | $874.00K$955.00K |
Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $2.6MM$1.6MM |
Real Estate Owned | Q4 2022vs Q4 2021 | $0$35.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.00%* | - | $10k | Kasasa Cash Checking | ||
OTHER TIERS: 0.25% → $10k+ | |||||
0.10% | $100 | - | Business Share Draft Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
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 | ||
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Branch Office | 204 North Branch Avenue | Bloomington, MD 21523 |
Branch Office | 12826 Garrett Hwy | Oakland, MD 21550 |
Branch Office | 459 New Creek Hwy | Keyser, WV 26726-9537 |
Branch Office | 12511 Winchester Rd SW | LaVale, MD 21502 |