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.

1.51%$500-WEPCO Federal Credit Union60 Month Share Certificate
1.51%$500-WEPCO Federal Credit Union60 Month IRA Certificate (Traditional, Roth, CESA)
Rates as of March 7, 2021.

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

The Early Withdrawal Penalty is a bit different than typically seen. According to CSR, only early closures are allowed (no partial withdrawals), with dividends earned in the quarter prior to closing forfeited.


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 two full-service Maryland branches located in LaVale and Oakland, or the single full-service West Virginia branch in Keyser.

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 6.65% (excellent) based on September 30, 2019 data. In the past year, WEPCO has increased its total non-brokered deposits by $5.93 million, an above average annual growth rate of 2.98%. 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 25th largest credit union headquartered in Maryland, with nearly 33,000 members and assets in excess of $232 million.

How the Share Certificate Compares

When compared to 252 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 rates are accurate as of 1/17/2020.

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

Related Pages: Pittsburgh CD rates, Washington CD rates, 5-year CD rates


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