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Wor Co Credit Union

Overview
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Wor Co Credit Union is a federal credit union based in Pocomoke City, Maryland. It has been opened since 1954, for 66 years.

With around $2,230,000 in assets, Wor Co Credit Union is considered to be a small credit union.

About
Address 1506 Market St, P.O. Box 58
Pocomoke City, Maryland 21851
Phone (410) 957-4521
Fax (410) 957-1640
CEO Sheila N. Lee
President of the Board George Mason
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
738 members
Membership type: Multiple common bond – primary educational
Below average number of members
492:1
Credit union member to staff ratio
492 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$2,232,941
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
Wor Co Credit Union Branch Locations

Wor Co Credit Union: Wor-Co Federal Credit Union
1506 Market Street
Pocomoke City, Maryland 21851
No ATM
Members
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738 members
Membership type: Multiple common bond – primary educational
Below average number of members

With 738 members, the Wor Co Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 85% of credit unions.

Fees
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$4
Average fee per member
The average fee per member at the Wor Co Credit Union is $4, which is very low compared to most credit unions. This rate is lower than 88% 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 Wor Co Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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492:1
Credit union member to staff ratio
492 per each FTE employee
Compared to 411:1 nationally
Fewer staff
2 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 3 part-time

Wor Co Credit Union has 0 full-time staff members and 3 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. Wor Co Credit Union has around 492 members per staff, a higher ratio compared to other credit unions.

Assets
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$2,232,941
Total assets
Below 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.
11.8%
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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$2,591
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 97% of credit unions.

Wor Co Credit Union holds a total of $400,000 in loans and leases, which is about $2,591 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. Wor Co Credit Union pays 0.10%.

Loan rates
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15.56%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates
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4.49%
New car loan rate
Compared to 4.0% nationally
9.75%
Used car loan rate
Compared to 5.2% nationally
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