Widget Financial

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.02%	Reward Checking	HD Checking 1.92% - National Average
2.53%	5-year CD	60 Month Share Certificate 2.50% - Ally Bank High Yield 5 Year CD
1.31%	1-year CD	10 Month Share Certificate 2.10% - Goldman Sachs Bank USA High-yield 12 Month CD

View all Widget Financial rates »

Overview / Commentary

www.widgetfinancial.com

814-456-6231

2154 E Lake Rd
Erie, PA 16511-1140

Widget Financial is headquartered in Erie and is the 26^th largest credit union in the state of Pennsylvania. It is also the 804^th largest credit union in the nation. It was established in 1936 and as of December of 2017, it had grown to 94 employees and 40,370 members at 6 locations. Widget Financial's CD rates are 57% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, volunteer, or attend school or regularly conduct business in Erie or Crawford counties.
See current membership details

So impressed

Posted by: nicolaswerner | Jul 13, 2017

I had always been a bank customer until my co workers were talking about all the benefits of a credit union so I looked into it and I set up an appointment to talk with the credit union assistant manager about transferring my accounts to them and setting up a new savings account and investing more into our retirements. Not only did they help me transfer everything over fee free they also gave me a cash bonus for setting up our checking account and free checks. The interest rates were so amazing we also took out a personal loan to pay off some debt we had. Overall it was a wonderful stress free experience I also have been able to email them whenever I need anything or have a question. They also have a very convenient mobile app!!

Comment

1

Great Credit Union

Posted by: latashamontoya77 | Apr 3, 2017

I love the customer service and am able to get my questions answered very easily. The bank has every now and then sessions to the local community to tell about different things every person should know about banking and about anything you really need to know about money. I once went into the bank and had an employee go above and beyond the duty to help me with a problem I was having with my money. I have had satisfactory experience having my accounts with the bank. With the accounts there, you can choose between a checking, savings, IRA, retirement, etc. Those are different accounts you can choose from. You can check you account online or in person. Any employee is happy to help you regardless of what is going on.

Comment

1

Widget Financial: A Bank for Modern Times

Posted by: sofiasalas1 | Oct 15, 2017

My experience at Widget Financial was a good one, but honestly it is just your typical average bank. The staff is always kind and courteous, they really do try their hardest to assist you with whatever it is that you may need. However, I think this bank or organization is more geared toward the future and kind of leaves the older generations in the dust. I consider my interactions with them as really good, but I am pretty tech savvy and have no problems checking my bank information on my mobile phone. So in that aspect, you will not get any complaints from me, but it makes me think about my grandmother. A woman who thinks her identity can be stolen by someone having access to her name. How do they fare when all is said and done? Ultimately, it probably does not matter as their are many banks in my city that the older generation can take advantage of.

Comment

1

Unreasonable Fees (Usurious) & Poor Customer Service

Posted by: mjmerski | Oct 17, 2014

I had a saving account that I had forgotten about. It exceeded the Widget time-line. By the time that I realized that I needed to close the account to stop the fees, I had incurred $19.00 in service charges. Since I only received quarterly statements, I was charged $5.00 per month in October relating to activity in July, August and September. I sent in a letter to close the account (I moved out of the area). When I asked for consideration on the very high fees ($19.00 on $82.00 of deposits) I was told to read the 'fine print' on fees on the web-site. No true consideration was given. I did nothing 'wrong' (no over-draws, use of a foreign ATM, etc.) and yet 25% of my account was absorbed by fees.

I would warn all persons who are considering to open an account, rethink your choice. They are trying to generate 'fee income' rather than servicing their customer's banking needs.

4

Worst People Do Deal With

Posted by: laurateng | Jan 28, 2011

I tried to open an account with them and transferred $525 as my opening deposit. The money was transferred to them right away, but the next day I got an email from them saying they could not open the account for me. I politely asked them to return the $525 to me. They said that they would. A week later, I still haven't received the check in the mail, so I got a hold of them and found that they never processed the refund of the $525. I asked them to transfer back the $525 via ACH and was told, "We have never done that before and do not know if we can do that." ARE YOU KIDDING ME??? you are a bank and you don't know how to perform an ACH transaction???

Anyways, this bank makes it so easy to receive funds but impossible for you to get a refund. Should avoid this bank at all cost.

7

Health

A

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	1117
Year Chartered	1936
Employees	94
Primary Regulator

Profit Margin
Return on Assets - YTD	0.44%
Return on Equity - YTD	4.5%
Annual Interest Income	$8.7MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$289.5MM$284.7MM
Loans	Q4 2017vs Q4 2016	$196.9MM$186.7MM
Deposits	Q4 2017vs Q4 2016	$257.8MM$254.7MM
Equity Capital	Q4 2017vs Q4 2016	$28.4MM$27.0MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$622.00K$474.00K
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$864.00K$909.00K
Real Estate Owned	Q4 2017vs Q4 2016	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Widget Financial; we are a rate comparison website and cannot provide official rates or promotions.

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

Widget Financial Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	-	Lockdown Account
0.10%	$25	-	Share Savings Account
0.10%	-	-	Holiday Club Account
0.10%	-	-	Vacation Club Account
0.10%	-	-	Special Savings Account

Widget Financial Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.60%^*	$100k^*	-	Money Market
OTHER TIERS: 0.30% → $2k - $25k \| 0.40% → $25k - $50k \| 0.50% → $50k - $100k

Widget Financial Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.02%	$1k	$25k	HD Checking - Qualifying
0.10%	$1k	-	Experience Checking (Age 50+)

Widget Financial CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.53%^*	$125k^*	-	60 Month Share Certificate
OTHER TIERS: 2.38% → $1k - $75k \| 2.48% → $75k - $125k
2.32%^*	$125k^*	-	48 Month Share Certificate
OTHER TIERS: 2.17% → $1k - $75k \| 2.27% → $75k - $125k
2.12%^*	$125k^*	-	36 Month Share Certificate
OTHER TIERS: 1.97% → $1k - $75k \| 2.07% → $75k - $125k
1.97%^*	$125k^*	-	30 Month Share Certificate
OTHER TIERS: 1.81% → $1k - $75k \| 1.92% → $75k - $125k
1.81%^*	$125k^*	-	24 Month Share Certificate
OTHER TIERS: 1.66% → $1k - $75k \| 1.76% → $75k - $125k
1.56%^*	$125k^*	-	18 Month Share Certificate
OTHER TIERS: 1.41% → $1k - $75k \| 1.51% → $75k - $125k
1.51%^*	$125k^*	-	15 Month Share Certificate
OTHER TIERS: 1.36% → $1k - $75k \| 1.46% → $75k - $125k
1.46%^*	$125k^*	-	13 Month Share Certificate
OTHER TIERS: 1.31% → $1k - $75k \| 1.41% → $75k - $125k
1.41%^*	$125k^*	-	12 Month Share Certificate
OTHER TIERS: 1.26% → $1k - $75k \| 1.36% → $75k - $125k
1.36%^*	$125k^*	-	11 Month Share Certificate
OTHER TIERS: 1.21% → $1k - $75k \| 1.31% → $75k - $125k
1.31%^*	$125k^*	-	10 Month Share Certificate
OTHER TIERS: 1.16% → $1k - $75k \| 1.26% → $75k - $125k
1.26%^*	$125k^*	-	9 Month Share Certificate
OTHER TIERS: 1.11% → $1k - $75k \| 1.21% → $75k - $125k
1.21%^*	$125k^*	-	8 Month Share Certificate
OTHER TIERS: 1.06% → $1k - $75k \| 1.16% → $75k - $125k
1.16%^*	$125k^*	-	7 Month Share Certificate
OTHER TIERS: 1.00% → $1k - $75k \| 1.11% → $75k - $125k
1.11%^*	$125k^*	-	6 Month Share Certificate
OTHER TIERS: 0.95% → $1k - $75k \| 1.06% → $75k - $125k

Widget Financial IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.53%^*	$125k^*	-	60 Month IRA
OTHER TIERS: 2.38% → $1k - $75k \| 2.48% → $75k - $125k
2.32%^*	$125k^*	-	48 Month IRA
OTHER TIERS: 2.17% → $1k - $75k \| 2.27% → $75k - $125k
2.12%^*	$125k^*	-	36 Month IRA
OTHER TIERS: 1.97% → $1k - $75k \| 2.07% → $75k - $125k
1.97%^*	$125k^*	-	30 Month IRA
OTHER TIERS: 1.81% → $1k - $75k \| 1.92% → $75k - $125k
1.81%^*	$125k^*	-	24 Month IRA
OTHER TIERS: 1.66% → $1k - $75k \| 1.76% → $75k - $125k
1.56%^*	$125k^*	-	18 Month IRA
OTHER TIERS: 1.41% → $1k - $75k \| 1.51% → $75k - $125k
1.51%^*	$125k^*	-	15 Month IRA
OTHER TIERS: 1.36% → $1k - $75k \| 1.46% → $75k - $125k
1.46%^*	$125k^*	-	13 Month IRA
OTHER TIERS: 1.31% → $1k - $75k \| 1.41% → $75k - $125k
1.41%^*	$125k^*	-	12 Month IRA
OTHER TIERS: 1.26% → $1k - $75k \| 1.36% → $75k - $125k
1.36%^*	$125k^*	-	11 Month IRA
OTHER TIERS: 1.21% → $1k - $75k \| 1.31% → $75k - $125k
1.31%^*	$125k^*	-	10 Month IRA
OTHER TIERS: 1.16% → $1k - $75k \| 1.26% → $75k - $125k
1.26%^*	$125k^*	-	9 Month IRA
OTHER TIERS: 1.11% → $1k - $75k \| 1.21% → $75k - $125k
1.21%^*	$125k^*	-	8 Month IRA
OTHER TIERS: 1.06% → $1k - $75k \| 1.16% → $75k - $125k
1.16%^*	$125k^*	-	7 Month IRA
OTHER TIERS: 1.00% → $1k - $75k \| 1.11% → $75k - $125k
1.11%^*	$125k^*	-	6 Month IRA
OTHER TIERS: 0.95% → $1k - $75k \| 1.06% → $75k - $125k

Locations

Widget Financial Locations
Branch Office	2154 E Lake Rd	Erie, PA 16511-1140
Branch Office	1029 Pittsburgh Ave	Erie, PA 16505
Branch Office	1623 E 38th St	Erie, PA 16510-3409
Branch Office	1595 W 26th St	Erie, PA 16508-1367
Branch Office	7 Grant St	North East, PA 16428-1526
Branch Office	4268 Buffalo Rd	Erie, PA 16510-2112

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