WEPCO Credit Union (MD/WV) Offers Top Rate On 60-Month CD


Deal Summary: 60-month Share Certificate, 1.51% APY, $500 minimum deposit

Availability: Residents of Allegany and Garrett Counties (MD) and Mineral, Preston, and Tucker Counties (WV)

When I last wrote about WEPCO Federal Credit Union’s (WEPCO) 60-month Share Certificate some 18 months ago, the rate was a wow-worthy 3.03% APY. Although the rate has essentially been cut in half, the 60-month Share Certificate is nonetheless competitive in today’s rate environment. The minimum opening deposit is $500, with no stated balance cap.

The CD is also available as an IRA Certificate (Traditional, Roth, CESA), earning the same APY with the same deposit requirements.

As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:

For all accounts, the amount of the early withdrawal penalty for your account is 180 days’ dividends.

There is a ten day grace period before a CD automatically renews.

Kasasa Products

If you’re thinking of joining WEPCO, you might be interested in opening a Kasasa Cash Checking account and a Kasasa Saver account.

The potential combined annual earnings of the Kasasa Cash Checking (3.00% APY/$10k) and the Kasasa Saver (1.50% APY/$35k) is approximately $825 (1.83% APY/$45k). The blended 1.83% APY is quite unusually high for a rewards checking/savings combo. For more details about the Kasasa brand product line at WEPCO, please refer to my May 2021 blog post.


Headquartered in Bloomington, Maryland, WEPCO Federal Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, worship, or attend school in the western Maryland counties of Allegany or Garrett, or the West Virginia Potomac Highlands counties of Mineral, Preston, or Tucker, eligible to join.

Current and retired employees of the Verso Corporation are also membership eligible.

Immediate family members of a current WEPCO member, or someone who qualifies for WEPCO membership, also qualify for membership. Immediate family is defined as “spouse, child, sibling, parent, grandparent or grandchild. This includes stepparents, stepchildren, stepsiblings, and adoptive siblings. It also includes anyone residing in the same household maintaining a single economic unit.”

Joining WEPCO and/or opening a Share Certificate can be done at any of the three full-service Maryland branches located in Bloomington, LaVale, and Oakland, or the single full-service West Virginia branch located on New Creek Highway in Keyser. According to WEPCO’s Coronavirus Updates page, “All branches are operating under our regular business hours.”

With just a $5.00 deposit in a Share Savings Account, your
membership in WEPCO Federal Credit Union can be established.

Credit Union Overview

WEPCO Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.67% (excellent) based on March 31, 2021 data. In the past year, WEPCO has increased its total non-brokered deposits by $41.58 million, an excellent annual growth rate of 18.06%. Please refer to our financial overview of WEPCO Federal Credit Union (NCUA Charter # 6685) for more details.

WEPCO Federal Credit Union was established in 1950 as the Local 767 UPA Federal Credit Union, with nine founding members and $37.50 in deposits. The WEPCO re-brand occurred in 1963, with the new name derived from “West Virginia Pulp and Paper Company,” the company where Local 767 members were employed. WEPCO is currently the 24th largest credit union headquartered in Maryland, with more than 33,000 members and assets in excess of $302 million.

How the Share Certificate Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available in within the FOM, WEPCO Federal Credit Union’s 60-Month Share Certificate APY currently ranks first.

The above information and rates are accurate as of 7/1/2021.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Pittsburgh savings accounts, Washington savings accounts, savings accounts, reward checking accounts, 5-year CD rates

WEPCO Credit Union (MD/WV) Has 3 Competitive Kasasa Products
Deal Summary: Kasasa Cash Checking, 3.00% APY, up to $10k. Kasasa Saver, 1.50% APY, up to $35k.

Availability: Allegany and Garrett Counties (MD) and Mineral, Preston, and Tucker Counties (WV).

WEPCO Federal Credit Union (WEPCO) is offering three competitive Kasasa brand products. The Kasasa Cash Checking currently earns 3.00% APY on qualifying balances up to $10k; qualifying balances of more than $10k earn 0.25% APY, with non-qualifying balances earning 0.05% APY. While the $10k cap (even with a 3.00% APY) might be considered too low to bother with,...

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WEPCO Federal Credit Union (MD/WV) Has 3.03% APY 60-Month CD
Deal Summary: 60-month Share Certificate (3.03% APY), $500 minimum deposit.

Availability: Residents of Allegany and Garrett Counties (MD) and Mineral, Preston, and Tucker Counties (WV).

CDs with 3% yields are now rare, but there are a few institutions around the country that still offer them. WEPCO Federal Credit Union (WEPCO) is one of them. It's currently offering a competitive 60-month Share Certificate, which earns 3.03% APY. The minimum opening deposit is $500, with no stated balance cap.

The CD is also available as an IRA (Traditional, Roth,...

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