Question 1

What is WEPCO Federal Credit Union (WEPCO FCU)?

Accepted Answer

WEPCO Federal Credit Union (WEPCO FCU) is a community-based federal credit union serving western Maryland and portions of West Virginia. Headquartered in Bloomington, Maryland, WEPCO FCU serves over 42,000 members with approximately $377 million in assets as of 2025.

The credit union operates multiple full-service branches throughout the Cumberland, Maryland metropolitan statistical area. Originally founded to serve employees of the West Virginia Pulp and Paper Company, WEPCO FCU has evolved into a multiple common bond credit union primarily focused on manufacturing communities, though membership has expanded significantly to serve broader geographic regions.

Question 2

When was WEPCO Federal Credit Union (WEPCO FCU) founded?

Accepted Answer

WEPCO Federal Credit Union was established on April 24, 1950, originally named Local 676 UPA Federal Credit Union. The credit union began with just 7 members and $37.50 in assets, operating out of a one-room office in the Westvaco Local 676 Union Hall on Main Street in Westernport, Maryland.

The credit union was founded to serve employees of the West Virginia Pulp and Paper Company (later known as Verso Corporation). In 1963, the credit union underwent a significant milestone by amending its charter and changing its name to WEPCO Federal Credit Union. The name "WEPCO" derives from portions of the original company name, West Virginia Pulp & Paper Company.

Despite the closure of the Verso Corporation mill in June 2019 after 133 years of operation, WEPCO FCU has continued to thrive and serve both former mill employees and an expanded member base throughout the region.

Question 3

Where is WEPCO Federal Credit Union (WEPCO FCU) headquartered?

Accepted Answer

WEPCO Federal Credit Union is headquartered in Bloomington, Maryland. The main office is located on Maryland Route 135 in Bloomington, which has served as the credit union's primary location since 1978.

This location was constructed to replace the original smaller office in Westernport, Maryland. The Bloomington headquarters now serves as the credit union's administration building and call center, though it continues to offer drive-up services to members.

Question 4

Where does WEPCO Federal Credit Union (WEPCO FCU) operate?

Accepted Answer

WEPCO Federal Credit Union operates throughout western Maryland and portions of West Virginia, with eight branch locations serving members across the region. Branch locations include:

Maryland locations:
• Bloomington (main office and administration building)
• Oakland (two locations: a branch office at 12826 Garrett Highway and a drive-up facility at 130 N Fourth Street)
• LaVale (12511 Winchester Road)
• Cumberland (two locations acquired through the 2023 Potomac FCU merger: 215 Paca Street and 1101 E Oldtown Road)

West Virginia locations:
• Keyser (459 New Creek Highway)
• Kingwood (202 W Main Street, offering loan products and services)

Membership eligibility extends to individuals who live, work, worship, or attend school in Allegany or Garrett Counties in Maryland, or Mineral, Preston, or Tucker Counties in West Virginia. The credit union also serves former employees of Verso Corporation and immediate family members of current members, following the "once a member, always a member" philosophy.

Question 5

What services does WEPCO Federal Credit Union (WEPCO FCU) offer?

Accepted Answer

WEPCO Federal Credit Union provides a comprehensive range of financial products and services to meet member needs:

Deposit Accounts:
• Share Savings Accounts (requiring a minimum $5 balance to establish membership)
• Kasasa Rewards Checking Accounts
• Special Savings Accounts
• Christmas Club accounts
• Special Purpose Savings accounts
• Early Savers Accounts for children (includes Dollar Dog Kids Club membership)
• Certificates of deposit

Lending Products:
• Personal loans
• Auto loans (new and used)
• Home mortgages
• Credit cards
• First-time car buyer programs
• Business loans
• Various secured and unsecured lending options

Digital Banking Services:
• PAL Plus Online Account Access for managing accounts 24/7
• WEPCO Mobile App (available on iOS and Android)
• Remote Deposit Capture for mobile check deposits
• Online Bill Pay with eBill capabilities
• eStatements
• FI-to-FI transfers between financial institutions
• Money Manager financial management tool
• Cross-reference accounts for linked access
• Digital wallet integration
• Mobile card controls (block/unblock debit cards)

Additional Services:
• Investment products
• Safe deposit boxes (at select locations)
• ATM network access (seven ATMs across branches)
• Scholarship and student aid programs
• Financial calculators and planning tools
• Mastercard debit cards
• Skip-a-payment options for qualified members

Question 6

What makes WEPCO Federal Credit Union (WEPCO FCU) unique?

Accepted Answer

WEPCO Federal Credit Union distinguishes itself through several notable characteristics:

Strong Community Roots: Founded 75 years ago to serve paper mill workers, WEPCO FCU has maintained its commitment to the community even after the closure of the Verso Corporation mill in 2019, continuing to serve former employees while expanding to serve broader communities.

Strategic Growth Through Merger: On January 1, 2023, Potomac Federal Credit Union merged into WEPCO FCU, with the data merge completed on July 1, 2023. This merger added two Cumberland branches and brought experienced staff, increasing WEPCO's assets and expanding its geographic footprint while providing former Potomac members access to enhanced products like Kasasa Rewards Checking, a robust mobile app, and mortgage products.

Robust Digital Banking Platform: WEPCO's mobile app features advanced capabilities including multi-account aggregation (including external accounts), customizable alerts, transaction tagging with notes and images, and face recognition login. The app enables members to manage multiple savings categories under one account number with detailed memo tracking.

Financial Strength: WEPCO FCU maintains a well-capitalized position with a net worth ratio of 15.23% (well above NCUA's requirement of 7%) and holds assets exceeding $377 million. The credit union demonstrated strong growth with a 9.16% increase in net worth over four quarters ending in Q3 2025.

Member-Centric Approach: As a not-for-profit cooperative, WEPCO FCU upholds the credit union motto "Not for Profit, Not for Charity but for Service," consistently prioritizing member service while offering competitive dividend rates on deposits and lower loan rates compared to traditional banks.

Community Engagement: WEPCO actively supports local communities through participation in programs like Adopt-a-Highway and sponsorship of 5K runs and walks, demonstrating ongoing commitment to the regions it serves.

Question 7

What type of financial institution is WEPCO Federal Credit Union (WEPCO FCU)?

Accepted Answer

WEPCO Federal Credit Union is a federally chartered credit union regulated by the National Credit Union Administration (NCUA). As a federal credit union, WEPCO FCU operates under a multiple common bond membership structure, primarily serving manufacturing communities and geographic areas in western Maryland and portions of West Virginia.

The credit union is a member-owned, not-for-profit cooperative financial institution. Members are also owners, with voting rights in the annual election of the volunteer Board of Directors. This cooperative structure allows WEPCO FCU to focus on returning value to members through competitive rates, lower fees, and enhanced services rather than generating profits for external shareholders.

All member deposits are federally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), providing the same level of protection as FDIC insurance at banks. WEPCO FCU has earned strong regulatory ratings, including a CAMELS 1 Rating from NCUA, indicating the highest level of safety and soundness.

WEPCO Federal Credit Union (WEPCO FCU)

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About WEPCO Federal Credit Union (WEPCO FCU) in the United States