Featured Savings Rates
Featured Accounts

Widget Financial

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.02%Reward CheckingHD Checking
1.91%5-year CD60 Month Share Certificate
0.55%1-year CD11 Month Share Certificate

Overview / Commentary
814-453-2457
2154 E Lake Rd
Erie, PA 16511-1140

Widget Financial is headquartered in Erie and is the 25th largest credit union in the state of Pennsylvania. It is also the 779th largest credit union in the nation. It was established in 1936 and as of June of 2016, it had grown to 97 employees and 38,586 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.
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Reviews (2)

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.

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.



Health
A

Health Grade Components

Overall
NCUA #1117
Year Chartered1936
Employees97
Primary Regulator
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD3.9%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$284.3MM$277.4MM
LoansQ2 2016vs Q2 2015$177.4MM$162.0MM
DepositsQ2 2016vs Q2 2015$255.1MM$250.5MM
Equity CapitalQ2 2016vs Q2 2015$27.5MM$25.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$427.00K$423.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$930.00K$819.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Lockdown Account
0.10%--Share Savings Account
0.10%--Holiday Club Account
0.10%--Vacation Club Account
0.10%--Special Savings Account

Widget Financial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$100k*-Money Market
OTHER TIERS: 0.15% $2k - $25k | 0.25% $25k - $50k | 0.35% $50k - $100k

Widget Financial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$1k$25kHD Checking - Qualifying
0.10%$1k-Experience Checking (Age 50+)

Widget Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.91%*$125k*-60 Month Share Certificate
OTHER TIERS: 1.76% $1k - $75k | 1.86% $75k - $125k
1.61%*$125k*-48 Month Share Certificate
OTHER TIERS: 1.46% $1k - $75k | 1.56% $75k - $125k
1.26%*$125k*-36 Month Share Certificate
OTHER TIERS: 1.11% $1k - $75k | 1.21% $75k - $125k
0.95%*$125k*-30 Month Share Certificate
OTHER TIERS: 0.80% $1k - $75k | 0.90% $75k - $125k
0.90%*$125k*-24 Month Share Certificate
OTHER TIERS: 0.75% $1k - $75k | 0.85% $75k - $125k
0.70%*$125k*-18 Month Share Certificate
OTHER TIERS: 0.55% $1k - $75k | 0.65% $75k - $125k
0.65%*$125k*-12 Month Share Certificate
OTHER TIERS: 0.50% $1k - $75k | 0.60% $75k - $125k
0.65%*$125k*-13 Month Share Certificate
OTHER TIERS: 0.50% $1k - $75k | 0.60% $75k - $125k
0.65%*$125k*-15 Month Share Certificate
OTHER TIERS: 0.50% $1k - $75k | 0.60% $75k - $125k
0.55%*$125k*-10 Month Share Certificate
OTHER TIERS: 0.40% $1k - $75k | 0.50% $75k - $125k
0.55%*$125k*-11 Month Share Certificate
OTHER TIERS: 0.40% $1k - $75k | 0.50% $75k - $125k
0.50%*$125k*-7 Month Share Certificate
OTHER TIERS: 0.35% $1k - $75k | 0.45% $75k - $125k
0.50%*$125k*-8 Month Share Certificate
OTHER TIERS: 0.35% $1k - $75k | 0.45% $75k - $125k
0.50%*$125k*-9 Month Share Certificate
OTHER TIERS: 0.35% $1k - $75k | 0.45% $75k - $125k
0.45%*$125k*-6 Month Share Certificate
OTHER TIERS: 0.30% $1k - $75k | 0.40% $75k - $125k

Widget Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.91%*$125k*-60 Month IRA
OTHER TIERS: 1.76% $1k - $75k | 1.86% $75k - $125k
1.61%*$125k*-48 Month IRA
OTHER TIERS: 1.46% $1k - $75k | 1.56% $75k - $125k
1.26%*$125k*-36 Month IRA
OTHER TIERS: 1.11% $1k - $75k | 1.21% $75k - $125k
0.95%*$125k*-30 Month IRA
OTHER TIERS: 0.80% $1k - $75k | 0.90% $75k - $125k
0.90%*$125k*-24 Month IRA
OTHER TIERS: 0.75% $1k - $75k | 0.85% $75k - $125k
0.70%*$125k*-18 Month IRA
OTHER TIERS: 0.55% $1k - $75k | 0.65% $75k - $125k
0.65%*$125k*-12 Month IRA
OTHER TIERS: 0.50% $1k - $75k | 0.60% $75k - $125k
0.65%*$125k*-13 Month IRA
OTHER TIERS: 0.50% $1k - $75k | 0.60% $75k - $125k
0.65%*$125k*-15 Month IRA
OTHER TIERS: 0.50% $1k - $75k | 0.60% $75k - $125k
0.55%*$125k*-10 Month IRA
OTHER TIERS: 0.40% $1k - $75k | 0.50% $75k - $125k
0.55%*$125k*-11 Month IRA
OTHER TIERS: 0.40% $1k - $75k | 0.50% $75k - $125k
0.50%*$125k*-7 Month IRA
OTHER TIERS: 0.35% $1k - $75k | 0.45% $75k - $125k
0.50%*$125k*-8 Month IRA
OTHER TIERS: 0.35% $1k - $75k | 0.45% $75k - $125k
0.50%*$125k*-9 Month IRA
OTHER TIERS: 0.35% $1k - $75k | 0.45% $75k - $125k
0.45%*$125k*-6 Month IRA
OTHER TIERS: 0.30% $1k - $75k | 0.40% $75k - $125k
Locations


Widget Financial Locations
Branch Office2154 E Lake RdErie, PA 16511-1140
Branch Office1029 Pittsburgh AveErie, PA 16505
Branch Office1623 E 38th StErie, PA 16510-3409
Branch Office1595 W 26th StErie, PA 16508-1367
Branch Office7 Grant StNorth East, PA 16428-1526
Branch Office4268 Buffalo RdErie, PA 16510-2112