Western Districts Members Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.90%	5-year CD	5 Years CD 2.35% - Synchrony Bank 60 Month CD
0.30%	1-year CD	12-23 Month CD 1.45% - CIT Bank 11-Month No-Penalty CD
0.10%	Savings	Sub Shares 1.20% - Synchrony Bank High Yield Savings

View all Western Districts Members Credit Union rates »

Overview / Commentary

www.wdmcu.org

201 36th ST SE
Grand Rapids, MI 49548-2213

Western Districts Members Credit Union is headquartered in Grand Rapids and is the 156^th largest credit union in the state of Michigan. It is also the 2,576^th largest credit union in the nation. It was established in 1952 and as of June of 2017, it had grown to 10 employees and 3,274 members at 2 locations. Western Districts Members Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be a member or employee of one of the several Select Employer Groups.
See current membership details

Reviews

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Health

B+

Data as of Q2 2017

Learn why bank health matters

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. Western Districts Members Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	62073
Year Chartered	1952
Employees	10
Primary Regulator

Profit Margin
Return on Assets - YTD	0.14%
Return on Equity - YTD	0.86%
Annual Interest Income	$614.00K

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$40.3MM$39.5MM
Loans	Q2 2017vs Q2 2016	$16.2MM$14.5MM
Deposits	Q2 2017vs Q2 2016	$33.3MM$32.4MM
Equity Capital	Q2 2017vs Q2 2016	$6.8MM$7.1MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$120.00K$130.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$45.00K$5.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$0

Rates

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Money Market
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IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Western Districts Members Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	-	-	HSA
0.90%	-	-	Traditional IRA
0.90%	-	-	Roth IRA
0.50%	-	-	Christmas Club
0.10%	-	-	Shares Savings
0.10%	-	-	Sub Shares
0.10%	-	-	Vacation Club

Western Districts Members Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.45%^*	$50k^*	-	Money Market Savings
OTHER TIERS: 0.20% → $2,500 - $25k \| 0.30% → $25k - $50k

Western Districts Members Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.90%	$500	-	5 Years CD
0.80%	$500	-	4 Years CD
0.70%	$500	-	3 Years CD
0.50%	$500	-	24-35 Month CD
0.45%	$500	-	22 Month CD Special
0.35%	$500	-	18 Month CD Special
0.30%	$500	-	12-23 Month CD
0.30%	$200	-	Youth Club 12 Month
0.25%	$500	-	9 Month CD Special
0.20%	$500	-	6-11 Month CD
0.20%	$200	-	Youth Club 6 Month
0.15%	$500	-	3-5 Month CD

Western Districts Members Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%	$500	-	3 Years IRA
0.50%	$500	-	24-35 Month IRA
0.30%	$500	-	12-23 Month IRA

Locations

Western Districts Members Credit Union Locations
Branch Office	201 36th ST SE	Grand Rapids, MI 49548-2213
Branch Office	600 Plymouth Ave NE	Grand Rapids, MI 49505-6040