Home
Contents
Explore
Search

Willow Island Credit Union

Overview
Back to Top

Willow Island Credit Union is a federal credit union based in Saint Marys, West Virginia. It has been opened since 1953, for 67 years.

With around $8,180,000 in assets, Willow Island Credit Union is considered to be a medium size credit union.

About
Address 7910 S. Pleasants Highway
Saint Marys, West Virginia 26170
Website http://wifcu.com
Phone (304) 665-1127
Fax (304) 665-1129
CEO Shelly L. Winans
President of the Board Robert Blouir
Services Offered
Map
Back to Top
Score Card
Back to Top
67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
1,658 members
Membership type: Community credit union
Below average number of members
368:1
Credit union member to staff ratio
368 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$8,176,110
Total assets
Below average
2 branches
Compared with an average of 4 nationally and 2 in West Virginia
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
Branches
Back to Top
2 branches
Compared with an average of 4 nationally and 2 in West Virginia
Above average number of branches
Willow Island Credit Union Branch Locations

Willow Island Federal Credit Union
7910 S. Pleasants Highway
Saint Marys, West Virginia 26170
No ATM
Willow Island Federal Credit Union
302 2nd Street
Saint Marys, West Virginia 26170
No ATM
Members
Back to Top
1,658 members
Membership type: Community credit union
Below average number of members

With 1,658 members, the Willow Island Credit Union is considered to be a small credit union. It is smaller than 70% of credit unions.

Fees
Back to Top
$76
Average fee per member
The average fee per member at the Willow Island Credit Union is $76, which is high compared to most credit unions. This rate is higher than 71% of all credit unions.
Fees are higher 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 Willow Island Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
368:1
Credit union member to staff ratio
368 per each FTE employee
Compared to 411:1 nationally
Average number of staff
4 staff members
FTE (full-time equivalent)
20% of employees are part-time
4 full-time, 1 part-time

Willow Island Credit Union has 4 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 80% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Willow Island Credit Union has around 368 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
Back to Top
$8,176,110
Total assets
Below average
Net worth
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.
9.0%
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
Back to Top
$8,343
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 67% of credit unions.

Willow Island Credit Union holds a total of $6,620,000 in loans and leases, which is about $8,343 per member on average.

Savings interest rate
Back to Top
0.25%
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. Willow Island Credit Union pays 0.25%.

Loan rates
Back to Top
14.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
6.75%
New car loan rate
Compared to 4.0% nationally
7.50%
Used car loan rate
Compared to 5.2% nationally