Credit union · NCUA insured
North East Welch Federal Credit Union
A $25.6M credit union headquartered in North East, PA, with 2,628 members and 2 branches in 2 states. Best rates: CDs 3.29% and savings 0.50% APY.
North East Welch Federal Credit Union Carrot Score
68
Carrot Score
Higher than 22% of U.S. banks and credit unions
#13 of 17 in Erie, PA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About North East Welch Federal Credit Union
North East Welch Federal Credit Union was federally chartered in May 1953 by the employees of Welch Foods in North East, Pennsylvania.
The credit union maintains office locations in North East, Pennsylvania, and Westfield, New York.
- Headquarters
- 115 Clay St, North East, PA 16428-1537
- NCUA charter
- 8687
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone who lives, works, worships, or attends school in designated towns and villages of Chautauqua County, New York.
- Membership is open to anyone who lives, works, worships, or attends school in designated boroughs and townships of Erie County, Pennsylvania.
Family and household
- Any person living in the same residence with a member who maintains a single economic unit is eligible for membership.
- Immediate family members of an existing member are eligible for membership.
Cost to join
- A fee of $1 is charged to each new member.
- A minimum balance of $5 is required in a primary share account.
Branches
2 branches in 2 states
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New York
1 branch
- Westfield Branch21 N Portage St, Westfield, NY 14787Directions
Pennsylvania
1 branch
- North East Welch FCUMain office115 Clay St, North East, PA 16428Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 16.84% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.37% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.48% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $66 | $59 | — |
- CapitalNet worth ratio16.84%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.37%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.48%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$66Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of North East Welch Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.