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If the attacker gets router level access, then he can access/capture the data of each user on the network.
He can easily get your online credentials, there are numerous tools to achieve this.
In most of the cases, routers have default username/password.
The attacker just need to search for the default user/pass combination for that particular router in the internet, after he got access of the network.
The most important thing here is to secure your system, even if the network gets hacked.
Of course, secure network is the first huddle and it should be made as secure as possible.
If the attacker hacks into your Wi Fi and is able to connect to the network with his laptop then it opens up a big pool of possibilities for him because now he is present in the same LAN as you are.
They also will know when and how much encrypted data is being sent.
This is possibly enough to give away private information.
WEP is 0% secure, you can only increase, your attack time by using higher bit encryption.
If your network is WPA/WPA2 secure with WPS pin default setup, then also you are very much vulnerable.