Feedback
Share
Link
Link copied!
Asset Brief
Westacres Credit Union
Credit Union Finder
Table of Contents
Explore
Search
Asset Brief
More
About Asset Brief
Copyright © 2022 assetbrief.com and Spring Launch Media LLC. All Rights Reserved.

All content on this website ("the Site") is the property of Spring Launch Media LLC. The collection and assembly of content on this Site are the exclusive property of Spring Launch Media LLC and are protected by copyright and other intellectual property laws. Credit union and bank data is publicly sourced from the U.S. government. None are affiliated with Asset Brief. assetbrief.com is an independent, advertising-supported publisher. We work hard to keep our information accurate and up to date, but do not guarantee accuracy of information. You may see different information when you visit a specific product’s site. assetbrief.com does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed. assetbrief.com does not assume any responsibility for any aspect of financial decisions taken based on the contents provided on this Site. When considering offers, please review all Terms and Conditions with the offering institution. Our content is not intended to provide investment advice. assetbrief.com is compensated through display advertising and offers from our partners. Many or all of the products features may be from our partners, and advertising may impact on where, how, and the order in which products appear on this Site. AssetBrief does not include all companies or all available products. However, this does not influence our editorial content or our advice, which are based on industry knowledge and many many hours of research. assetbrief.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Westacres Credit Union Share
Link
Link copied!

Map Loading...
Overview Share
Link
Link copied!
Back to Top

Westacres Credit Union is a federally insured state credit union based in West Bloomfield, Michigan. It has been opened since 1936, for 86 years.

With around $6,940,000 in assets, Westacres Credit Union is considered to be a medium size credit union.

About Share
Link
Link copied!
Address 3700 Westacres Drive
West Bloomfield, Michigan 48324
Phone (248) 363-4376
Fax (248) 363-2988
CEO Heather Milz
President of the Board Markell Seitzman
Services Offered
Score Card Share
Link
Link copied!
Back to Top
86 years
Years in business
Opened in 1936
Well Capitalized
Net worth classification
Source: NCUA
683 members
Membership type: State chartered natural person credit union
Below average number of members
342:1
Credit union member to staff ratio
342 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$6,943,605
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 4 in Michigan
Average number of branches
0.58%
Savings interest rate
Compared to 0.3% nationally
Branches Share
Link
Link copied!
Back to Top
1 branch
Compared with an average of 4 nationally and 4 in Michigan
Average number of branches
Westacres Credit Union Branch Locations

Westacres Credit Union: Wcu
3700 Westacres Drive
West Bloomfield, Michigan 48324
No ATM
Members Share
Link
Link copied!
Back to Top
683 members
Membership type: State chartered natural person credit union
Below average number of members

With 683 members, the Westacres Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 86% of credit unions.

Fees Share
Link
Link copied!
Back to Top
$9
Average fee per member
The average fee per member at the Westacres Credit Union is $9, which is very low compared to most credit unions. This rate is lower than 83% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Westacres Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
Link
Link copied!
Back to Top
342:1
Credit union member to staff ratio
342 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
2 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 4 part-time

Westacres Credit Union has 0 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Westacres Credit Union has around 342 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
Link
Link copied!
Back to Top
$6,943,605
Total assets
Below average
Net worth Share
Link
Link copied!
Back to Top
Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.9%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
Link
Link copied!
Back to Top
$32,033
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 98% of credit unions.

Westacres Credit Union holds a total of $1,630,000 in loans and leases, which is about $32,033 per member on average.

Savings interest rate Share
Link
Link copied!
Back to Top
0.58%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Westacres Credit Union pays 0.58%.

Loan rates Share
Link
Link copied!
Back to Top
12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
8.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
Link
Link copied!
Back to Top
4.00%
New car loan rate
Compared to 4.0% nationally
6.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
Link
Link copied!
Back to Top
3.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.00%
Other real estate loan rates
Compared to 0.9% nationally

More Credit Unions

See all...
Advantage One Credit Union
Credit Union: Well Capitalized Brownstown, Michigan 16130.0 $143 million Well Capitalized
Detour Drummond Community Credit Union
Credit Union: Well Capitalized Drummond Island, Michigan 2105.0 $33 million Well Capitalized
Kellogg Community Credit Union
Credit Union: Well Capitalized Battle Creek, Michigan 38749.0 $531 million Well Capitalized
St. Francis X Credit Union
Credit Union: Well Capitalized Petoskey, Michigan 8535.0 $142 million Well Capitalized
Northern Lights Community Credit Union
Credit Union: Well Capitalized Chatham, Michigan 1458.0 $8 million Well Capitalized
Peninsula Credit Union
Credit Union: Well Capitalized Escanaba, Michigan 11941.0 $184 million Well Capitalized
Construction Credit Union
Credit Union: Well Capitalized Bingham Farms, Michigan 1439.0 $22 million Well Capitalized
Upper Michigan Community Credit Union
Credit Union: Well Capitalized Munising, Michigan 4398.0 $37 million Well Capitalized
Michigan Educational Credit Union
Credit Union: Well Capitalized Plymouth, Michigan 53422.0 $826 million Well Capitalized
Blue Water Credit Union
Credit Union: Well Capitalized Port Huron, Michigan 1347.0 $14 million Well Capitalized

Other Credit Unions

See all...
Tahquamenon Area Credit Union
Credit Union: Well Capitalized Newberry, Michigan 5956.0 $60 million Well Capitalized
Parkway Credit Union
Credit Union: Well Capitalized Redford, Michigan 3180.0 $25 million Well Capitalized
Community Focus Credit Union
Credit Union: Well Capitalized Brownstown, Michigan 5044.0 $55 million Well Capitalized
Atl Credit Union
Credit Union: Well Capitalized Wyoming, Michigan 1859.0 $13 million Well Capitalized
Wexford Community Credit Union
Credit Union: Well Capitalized Cadillac, Michigan 9722.0 $56 million Well Capitalized
Graco Credit Union
Credit Union: Well Capitalized Alma, Michigan 3124.0 $19 million Well Capitalized
One Detroit Credit Union
Credit Union: Well Capitalized Detroit, Michigan 12021.0 $37 million Well Capitalized
Best Financial Credit Union
Credit Union: Well Capitalized Muskegon, Michigan 11637.0 $89 million Well Capitalized
United Bay Community Credit Union
Credit Union: Well Capitalized Bay City, Michigan 18770.0 $190 million Well Capitalized
Our Credit Union
Credit Union: Well Capitalized Royal Oak, Michigan 21927.0 $255 million Well Capitalized

More Credit Unions

See all...
Gabriels Community Credit Union
Credit Union: Well Capitalized Lansing, Michigan 1950.0 $17 million Well Capitalized
Michigan Coastal Credit Union
Credit Union: Well Capitalized Muskegon, Michigan 3070.0 $15 million Well Capitalized
Tandem Credit Union
Credit Union: Well Capitalized Warren, Michigan 3025.0 $21 million Well Capitalized
Financial Plus Credit Union
Credit Union: Well Capitalized Flint, Michigan 56149.0 $537 million Well Capitalized
Gerber Credit Union
Credit Union: Well Capitalized Fremont, Michigan 14280.0 $150 million Well Capitalized
Adventure Credit Union
Credit Union: Well Capitalized Grand Rapids, Michigan 30891.0 $373 million Well Capitalized
Monroe County Community Credit Union
Credit Union: Well Capitalized Monroe, Michigan 29332.0 $206 million Well Capitalized
Country Heritage Credit Union
Credit Union: Well Capitalized Buchanan, Michigan 1463.0 $43 million Well Capitalized
Dfcu Financial Credit Union
Credit Union: Well Capitalized Dearborn, Michigan 228818.0 $5 billion Well Capitalized
Lake Superior Credit Union
Credit Union: Well Capitalized Ontonagon, Michigan 1194.0 $6 million Well Capitalized

All of Asset Brief

See all...

Similar Credit Unions to Westacres Credit Union

See all...
Westacres Credit Union: Wcu
Credit Union Branch: 3700 Westacres Drive
West Bloomfield, Michigan 48324 No ATM
West Union Bank
Bank: West Union, West Virginia 51502159.0
Service Credit Union Routing Number
Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.
National Association Credit One Bank
Bank: Las Vegas, Nevada 122402133.0
Credit First National Association
Bank: Brook Park, Ohio 41202980.0
United Bank of Union
Bank: Union, Missouri 81905289.0
First Credit Bank
Bank: West Hollywood, California 122237599.0
Westacres Credit Union
Credit Union: Well Capitalized West Bloomfield, Michigan 683.0 $7 million Well Capitalized