Workers Credit Union

815 Main St
Fitchburg , MA 01420
(978) 345-1021
www.wcu.com

NCUA

Workers Credit Union is headquartered in Fitchburg and is the 8th largest credit union in the state of Massachusetts. It is also the 221st largest credit union in the nation. It was established in 1914 and as of December of 2012, it had grown to 177 employees and 70,401 members. Workers Credit Union's savings rates are 94% higher than the national average, and it boasts a 5-star health rating.

Workers Credit Union Routing Number: 211382931

Related Posts

Top 18-Month & 6-Year CD Rates at Workers Credit Union - MA & NH Only - 10/9/2012

Workers Credit Union is offering two competitive rates on its CDs and IRA CDs. The short-term CD deal is an 18-month CD with a 1.50% APY. The long-term CD deal is a 6-year CD with a 2.50% APY. Minimum ...

Special CD Rates at Workers Credit Union - MA & NH Only - 5/30/2012

Workers Credit Union is offering several competitive rates on its CD and IRA CD specials. The highest rate is a 2.50% APY for a 6-year term. Minimum deposit is $500 for CDs and $1,000 for IRA CDs. The ...

Competitive 15-Month CD Special at Workers' Credit Union in MA & NH - Local Only - 11/22/2010

Workers Credit Union is offering a special 15-month CD and IRA CD with a 1.60% APY. There are also two other CD specials, but they're less competitive. Those include a 1.10% APY 8-month CD and a 1.75% ...

2.10% 12-Month CD & 2.50% 25-Month CD at Workers Credit Union in MA & NH - Local Only - 11/15/2009

Workers Credit Union continues to offer three competitive CD and IRA CD specials: a 1.60% APY 4-month CD, a 2.10% APY 12-month CD and a 2.50% APY 25-month CD. Minimum deposit is $500 ($1,000 for the IRA). These specials are listed in the credit union's...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Workers Credit Union Checking Account Rates

ApyMinMaxProduct
2.00%-$25kXtreme Checking
0.20%$25-Big Picture Checking
0.20%$2,500-Interest Checking
0.20%$7,500-Business Basic Plus
0.00%$25-Student Checking
0.00%$25-Just Checking
0.00%$25-Business Basic Checking
0.00%$25-Commercial Checking
0.00%$25-Business Relationship Checking

Workers Credit Union Savings Account Rates

ApyMinMaxProduct
1.01%$25-Student Savings
0.75%$50-cuSave - Online Savings
0.60%$50k-Business Premium Savings
0.50%$50k-Big Picture Super Savings
0.20%$50-Share Savings (statement/passbook)
0.20%$50-IRA Savings Account
0.20%--Club Account
0.20%$50-Roth IRA Savings Account
0.20%$50-CESA Savings Account
0.20%$50-Business Savings (statement/passbook)

Workers Credit Union Money Market Rates

ApyMinMaxProduct
0.50%$50k-Personal Money Market Account (statement)
0.50%$50k-Business Money Market Account (statement)

Workers Credit Union CD Rates

ApyMinMaxProduct
2.25%$500-72 Month Member Relationship CD
1.75%$25k-60 Month Member Relationship CD
1.75%$500-72 Month Non-Relationship CD
1.55%$25k-48 Month Member Relationship CD
1.50%$25k-60 Month Non-Relationship CD
1.30%$25k-48 Month Non-Relationship CD
1.25%$25k-36 Month Member Relationship CD
1.05%$25k-24 Month Member Relationship CD
1.05%$500-24 Month Online CD
1.01%$25k-18 Month Member Relationship CD
1.00%$25k-36 Month Non-Relationship CD
0.95%$25k-12 Month Member Relationship CD
0.95%$500-12 Month Online CD
0.90%$25k-24 Month Non-Relationship CD
0.75%$25k-18 Month Non-Relationship CD
0.70%$25k-12 Month Non-Relationship CD
0.60%$25k-6 Month Member Relationship CD
0.60%$500-6 Month Online CD
0.50%$25k-6 Month Non-Relationship CD
0.45%$25k-3 Month Member Relationship CD
0.35%$25k-3 Month Non-Relationship CD

Workers Credit Union IRA Rates

ApyMinMaxProduct
2.25%$1k-72 Month Member Relationship CESA
2.25%$1k-72 Month Member Relationship IRA
2.25%$1k-72 Month Member Relationship Roth IRA
1.75%$25k-60 Month Member Relationship IRA
1.75%$25k-60 Month Member Relationship Roth IRA
1.75%$25k-60 Month Member Relationship CESA
1.75%$1k-72 Month Non-Relationship IRA
1.75%$1k-72 Month Non-Relationship Roth IRA
1.75%$1k-72 Month Non-Relationship CESA
1.55%$25k-48 Month Member Relationship IRA
1.55%$25k-48 Month Member Relationship Roth IRA
1.55%$25k-48 Month Member Relationship CESA
1.50%$25k-60 Month Non-Relationship IRA
1.50%$25k-60 Month Non-Relationship Roth IRA
1.50%$25k-60 Month Non-Relationship CESA
1.30%$25k-48 Month Non-Relationship IRA
1.30%$25k-48 Month Non-Relationship Roth IRA
1.30%$25k-48 Month Non-Relationship CESA
1.25%$25k-36 Month Member Relationship IRA
1.25%$25k-36 Month Member Relationship Roth IRA
1.25%$25k-36 Month Member Relationship CESA
1.05%$25k-24 Month Member Relationship IRA
1.05%$25k-24 Month Member Relationship Roth IRA
1.05%$25k-24 Month Member Relationship CESA
1.01%$25k-18 Month Member Relationship IRA
1.01%$25k-18 Month Member Relationship Roth IRA
1.01%$25k-18 Month Member Relationship CESA
1.00%$25k-36 Month Non-Relationship IRA
1.00%$25k-36 Month Non-Relationship Roth IRA
1.00%$25k-36 Month Non-Relationship CESA
0.95%$25k-12 Month Member Relationship IRA
0.95%$25k-12 Month Member Relationship Roth IRA
0.95%$25k-12 Month Member Relationship CESA
0.90%$25k-24 Month Non-Relationship IRA
0.90%$25k-24 Month Non-Relationship Roth IRA
0.90%$25k-24 Month Non-Relationship CESA
0.75%$25k-18 Month Non-Relationship IRA
0.75%$25k-18 Month Non-Relationship Roth IRA
0.75%$25k-18 Month Non-Relationship CESA
0.70%$25k-12 Month Non-Relationship IRA
0.70%$25k-12 Month Non-Relationship Roth IRA
0.70%$25k-12 Month Non-Relationship CESA
0.60%$25k-6 Month Member Relationship IRA
0.60%$25k-6 Month Member Relationship Roth IRA
0.60%$25k-6 Month Member Relationship CESA
0.50%$25k-6 Month Non-Relationship IRA
0.50%$25k-6 Month Non-Relationship Roth IRA
0.50%$25k-6 Month Non-Relationship CESA

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


WORKERS'
NCUA #66479
BankRate ReportView
Year Chartered1914
Employees177
Primary Regulator

Assets and Liabilities

Assets$913.27 million
Loans$666.29 million
Deposits$649.68 million
Equity Capital$121.75 million
Loan Loss Allowance$5.39 million
Unbacked Noncurrent Loans$7.65 million
Real Estate Owned$50,000

Historic Data - December 2011

Assets$830.61 million
Equity Capital$111.31 million
Loan Loss Allowance$5.50 million
Unbacked Noncurrent Loans$7.20 million
Real Estate Owned$40,000

Profit Margin - Quarterly

Net Interest Margin4.15%
Return on Assets1.26%
Return on Equity9.48%
Interest Income$38.01 million
Non-Interest Income$11.86 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Workers Credit Union had $7.7 million in non-current loans and owned real-estate with $127.14 million in equity and loan loss allowances on hand to cover it. This gives Workers Credit Union a Texas Ratio of 6.06% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Workers Credit Union held steady from 6.20% as of December 31, 2011 to 6.06% as of December 31, 2012, resulting in a positive change of 2.26%.This indicates that the balance sheet and financial strength for Workers Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Workers Credit Union has increased its total deposits by $33.35 million, resulting in 5.41% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Workers Credit Union has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Workers Credit Union has $913.27 million in assets with $127.14 million in equity, resulting in a capitalization level of 13.92%, which is excellent.
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