Westmoreland Federal Savings: A Mutual Savings Bank Serving Western Pennsylvania
Mutual Savings Banks were originally designed to help the working class by teaching the virtues of thrift and self-reliance. Their focus was home ownership and wealth accumulation by giving their customers a safe place to save money. These were the institutions that the average citizen turned to after World War II to finance their homes. Characteristically conservative in choosing investments, Mutuals are protective of their deposits and, since there are no stockholders, we are able to offer competitive rates on savings accounts and mortgage products.
Westmoreland Federal Savings is one of approximately 600 institutions nationwide that has chosen to remain an independent and community focused Mutual Savings Bank. We hold true to the original beliefs of thrift, conservatism and putting our depositors first. While we uphold tradition, we also realize the need to move forward in order to provide our customers with the best banking experience possible. Westmoreland Federal Savings is proud of the communities we serve and strives to look at the long term positive effects of our presence in the community. We succeed because our community succeeds.