West Financial Credit Union

Popular Accounts at this Credit Union

1.00%1-year CD12 Month Share Certificate
0.10%SavingsRegular Share
1.75%3-year CD36 Month Share Certificate

Overview / Commentary
3575 Sioux Dr
Medina, MN 55340-9338

West Financial Credit Union is headquartered in Medina and is the 69th largest credit union in the state of Minnesota. It is also the 2,958th largest credit union in the nation. It was established in 1958 and as of March of 2018, it had grown to 9 employees and 3,180 members at 3 locations. West Financial Credit Union's money market rates are 25% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Wright or Hennepin Counties in Minnesota. Membership is also open to employees of Flagship Technologies, Rockler Company, Nestle HealthCare Nutrition and to over 20 area Select Employer Groups.
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. West Financial Credit Union has a low asset base, and a negative return on assets.

Health Grade Components

NCUA #64845
Year Chartered1958
Primary Regulator
Profit Margin
Return on Assets - YTD-3.98%
Return on Equity - YTD-46.2%
Annual Interest Income$333.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$29.3MM$28.3MM
LoansQ1 2018vs Q1 2017$21.6MM$21.3MM
DepositsQ1 2018vs Q1 2017$26.6MM$25.5MM
Equity CapitalQ1 2018vs Q1 2017$2.5MM$2.7MM
Loan Loss AllowanceQ1 2018vs Q1 2017$110.00K$91.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$194.00K$115.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

West Financial Credit Union Savings Account Rates

0.40%$25-IRA Savings
0.10%$25-Youth Savings Account
0.10%$25-Regular Share
0.10%--Holiday Account

West Financial Credit Union Money Market Rates

0.55%*$50k*-Money Market
OTHER TIERS: 0.25% $2.5k - $10k | 0.35% $10k - $25k | 0.45% $25k - $50k

West Financial Credit Union Checking Account Rates

0.10%$2.5k-Elite Checking Account
0.05%$500-Premier Checking Account

West Financial Credit Union CD Rates

2.00%$500-20 Month CD Special-New Money Only
1.75%$1k-36 Month Share Certificate
1.75%$500-11 Month CD Special-New Money Only
1.50%$1k-24 Month Share Certificate
1.00%$1k-12 Month Share Certificate

West Financial Credit Union IRA Rates

2.00%$500-20 Month IRA Special-New Money Only
1.75%$1k-36 Month IRA Certificate
1.75%$500-11 Month IRA Special-New Money Only
1.50%$1k-24 Month IRA Certificate
1.00%$1k-12 Month IRA Certificate

West Financial Credit Union Locations
Branch Office3575 Sioux DrMedina, MN 55340-9338
Branch Office13600 Industrial Park BlvdPlymouth, MN 55441
Branch Office207 Laurel Hill RdVerona, VA 24482-2601

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