Widget Financial

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.02%	Reward Checking	HD Checking 1.83% - National Average
2.02%	5-year CD	60 Month Share Certificate 2.35% - Synchrony Bank 60 Month CD
0.55%	1-year CD	11 Month Share Certificate 1.40% - Synchrony Bank 12 Month CD

View all Widget Financial rates »

Overview / Commentary

www.widgetfinancial.com

814-453-2457

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 782^nd largest credit union in the nation. It was established in 1936 and as of March of 2017, it had grown to 98 employees and 39,252 members at 6 locations. Widget Financial 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

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.

3

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.

6

Health

A

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	1117
Year Chartered	1936
Employees	98
Primary Regulator

Profit Margin
Return on Assets - YTD	0.27%
Return on Equity - YTD	2.88%
Annual Interest Income	$2.1MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$296.9MM$285.8MM
Loans	Q1 2017vs Q1 2016	$189.0MM$172.1MM
Deposits	Q1 2017vs Q1 2016	$267.5MM$257.2MM
Equity Capital	Q1 2017vs Q1 2016	$27.2MM$27.0MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$429.00K$404.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$502.00K$662.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

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