WEPCO Federal Credit Union is headquartered in Bloomington and is the 24th largest credit union in the state of Maryland. It is also the 945th largest credit union in the nation. It was established in 1950 and as of June of 2021, it had grown to 48 employees and 33,385 members at 4 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
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.
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6685 |
| Year Chartered | 1950 |
| Employees | 48 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.06% |
| Return on Equity - YTD | 10.5% |
| Annual Interest Income | $4.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $308.0MM$273.5MM |
| Loans | Q2 2021vs Q2 2020 | $174.6MM$180.6MM |
| Deposits | Q2 2021vs Q2 2020 | $276.5MM$244.9MM |
| Equity Capital | Q2 2021vs Q2 2020 | $30.8MM$27.6MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $1.7MM$2.1MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $1.6MM$2.2MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $27.00K$121.00K |