Overview / Commentary
711 E Salem Ave
Winston Salem, NC 27101-5365

Winston-Salem Federal Credit Union is headquartered in WINSTON SALEM and is the 32nd largest credit union in the state of North Carolina. It is also the 2,159th largest credit union in the nation. It was established in 1957 and as of December of 2018, it had grown to 23 employees and 13,875 members at 1 location. Winston-Salem Federal Credit Union's CD rates are 50% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership to WSFCU is open to person who work, worship, attend school, or lives in a select under-served area of Winston-Salem; business and other legal entities are also eligible for membership. Additionally, membership is offered to full time, part time and retirees of select employer groups including Winston-Salem State University, Piedmont Authority for Reginal Transportation (PART), Winston-Salem Forsyth County Schools and many others.
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. Winston-Salem Federal Credit Union has a relatively low asset base, and a negative return on assets.

Health Grade Components

NCUA #24814
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD-2.49%
Return on Equity - YTD-20.71%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$58.6MM$62.6MM
LoansQ4 2018vs Q4 2017$46.5MM$50.9MM
DepositsQ4 2018vs Q4 2017$50.6MM$52.4MM
Equity CapitalQ4 2018vs Q4 2017$7.1MM$8.6MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.3MM$654.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.0MM$2.1MM
Real Estate OwnedQ4 2018vs Q4 2017$66.00K$369.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Winston-Salem Federal Credit Union Savings Account Rates

0.75%--IRA Savings
0.25%$25-Christmas Club
0.25%$25-Vacation Club
0.25%$50-Student Club
0.20%$25-Membership Share

Winston-Salem Federal Credit Union Money Market Rates

0.40%*$100k*-Money Market
OTHER TIERS: 0.20% $250 - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k

Winston-Salem Federal Credit Union CD Rates

2.60%$250-24 Month CD Promo
2.00%$250-48 Month C.U.R.E. Retirement Club Certificate
1.90%$250-36 Month C.U.R.E. Retirement Club Certificate
1.90%$250-48 Month CD
1.85%$250-24 Month C.U.R.E. Retirement Club Certificate
1.80%$250-36 Month CD
1.75%$250-24 Month CD
1.75%$125-17 Month Gen Y CD
1.55%$250-18 Month C.U.R.E. Retirement Club Certificate
1.45%$250-18 Month CD
1.35%$250-12 Month C.U.R.E. Retirement Club Certificate
1.25%$250-12 Month CD
0.90%$250-6 Month C.U.R.E. Retirement Club Certificate
0.80%$250-6 Month CD
0.35%$25-12 Month Save To Win CD

Winston-Salem Federal Credit Union Locations
Branch Office711 E SALEM AVEWINSTON SALEM, NC 27101-5365

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