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Westedge Credit Union

Overview
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Westedge Credit Union is a federal credit union based in Bellingham, Washington. It has been opened since 1952, for 68 years.

With around $58,940,000 in assets, Westedge Credit Union is considered to be a large credit union.

About
Address 2501 James Street
Bellingham, Washington 98225
Website http://www.westedgecu.org
Phone (360) 734-5790
Fax (360) 734-9249
CEO Kayrene Zowada
President of the Board Julian Mcallister
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
4,278 members
Membership type: Community credit union
Average number of members
306:1
Credit union member to staff ratio
306 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$58,937,636
Total assets
Above average
1 branch
Compared with an average of 4 nationally and 6 in Washington
Average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
8.95%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 6 in Washington
Average number of branches
Westedge Credit Union Branch Locations

Westedge Federal Credit Union
2501 James Street
Bellingham, Washington 98225
No ATM
Members
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4,278 members
Membership type: Community credit union
Average number of members

With 4,278 members, the Westedge Credit Union is considered to be a medium size credit union. It is larger than 53% of credit unions.

Fees
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$46
Average fee per member
The average fee per member at the Westedge Credit Union is $46, which is comparable to most credit unions. This rate is lower than 52% of all credit unions.
Fees are 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 Westedge Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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306:1
Credit union member to staff ratio
306 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
14 staff members
FTE (full-time equivalent)
0% of employees are part-time
14 full-time, 0 part-time

Westedge Credit Union has 14 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Westedge Credit Union has around 306 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$58,937,636
Total assets
Above average
Net worth
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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.
15.2%
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
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$8,679
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 63% of credit unions.

Westedge Credit Union holds a total of $28,090,000 in loans and leases, which is about $8,679 per member on average.

Savings interest rate
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0.10%
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. Westedge Credit Union pays 0.10%.

Loan rates
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8.95%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.53%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.05%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.65%
New car loan rate
Compared to 4.0% nationally
5.12%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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3.86%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.90%
Other real estate loan rates
Compared to 0.9% nationally
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Credit Card Loan Interest Rate
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