Wepco Federal Credit Union
Headquarters
P.o. Box 157
Bloomington, MD 21523
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2024 Overview
General Credit Union Information
Wepco is an NCUA insured institution located in Bloomington, MD. It was founded in 1950 and has approximately $359.39 millions in assets.
Who can join?
You can enjoy all the benefits of WEPCO Federal Credit Union membership if you meet one of the following criteria:
• A current or retired employee of NewPage Corporation, Luke, Maryland, or
• Live, work, attend school, or worship in as well as a business or legal entity within Allegany and Garrett Counties in Maryland, or Mineral, Tucker and Preston Counties in West Virginia.
• You have an immediate relative who is a member of WEPCO Federal Credit Union or qualifies for membership. Immediate family is defined as spouse, child, sibling, parent, grandparent or grandchild. This includes stepparents, stepchildren, stepsiblings, and adoptive siblings. It also includes anyone residing in the same household maintaining a single economic unit.
• You are a current or retired employee/member of any other membership groups that WEPCO serves.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 6685 |
| Date Established | 1950 |
| Assets | $359.39 million |
| Loans | $262.14 million |
| Deposits | $307.46 million |
| Capital | $52.15 million |
Field of Membership Restrictions
Membership is open to current or retired employees of Verso Corporation, Luke, Maryland or live, work, attend school, or worship in as well as a business or legal entity within Allegany and Garrett Counties in Maryland, or Mineral, Tucker and Preston Counties in West Virginia.
Deposit Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.25% | $2,500 | $2,999 |
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|
|
Money Market
|
0.25% | $10,000 | $14,999 |
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|
|
Money Market
|
0.35% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 24 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.26% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.26% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.51% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.51% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
2.02% | $1 | $499 | Learn More |
Loan Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Wepco
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.868% | 6.750% | 1.00 | $3,884 | $2,076 | Learn More |
NMLS ID: 1907 |
7.181% | 7.125% | 0.63 | $1,802 | $2,156 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Wepco
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Wepco branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Wepco Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 194.53 | A | View Lobby Hours | |
| 210.71 | B | View Lobby Hours | |
| 215.16 | C | View Lobby Hours | |
| 221.56 | D | View Lobby Hours | |
| 225.19 | E | View Lobby Hours |
Climate Policy and Initiatives
WEPCO is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Wepco Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Wepco. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Wepco | U.S. Average |
|---|---|
| 7.39% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Wepco had $3,554,160 in non-current loans and $361,906 in owned assets. To cover these potential losses it had $52,153,449 in net worth and $873,830 in loans loss reserves. That gives it a Texas Ratio of 7.39%.
Net Worth
| Wepco | U.S. Average |
|---|---|
| 14.46% | 13.93% |
Wepco FCU has a net worth of 14.46% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Wepco
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