Workers Credit Union

815 Main Street
Fitchburg , MA 01420
1-800-221-4020
www.wcu.com



Workers Credit Union is headquartered in Fitchburg and is the 8th largest credit union in the state of Massachusetts. It is also the 233rd largest credit union in the nation. It was established in 1914 and as of September of 2011, it had grown to 170 employees and 67,783 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

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...

2.10% 9-Month CD & 2.50% 25-Month CD at Workers Credit Union in MA & NH - Local Only - 8/16/2009

Workers Credit Union is offering three competitive CD and IRA CD specials: a 1.60% APY 4-month CD, a 2.10% APY 9-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 deposit...

3.00% Reward Checking Account at a MA/NH Credit Union (Workers) - 3/25/2008

Update 4/02/09: The top yield has fallen to 3.00% APY. Refer to the bottom of the post for the rate history.Workers Credit Union has a reward checking account called Xtreme Checking that pays 3.00% APY on balances up to $25,000 (1.01% for above) and...



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
0.00%$25-Student Checking
0.00%$25-Just Checking

Workers Credit Union Savings Account Rates

ApyMinMaxProduct
1.01%$25-Student Savings
1.00%$50-Online Savings Account
0.50%$50k-Big Picture Super Savings
0.20%$50-Share Savings
0.20%$50-IRA Savings Account
0.20%--Club Account
0.20%$50-Roth IRA Savings Account
0.20%$50-CESA Savings Account

Workers Credit Union Money Market Rates

ApyMinMaxProduct
0.50%$50k-Money Market Accounts

Workers Credit Union CD Rates

ApyMinMaxProduct
2.15%$500$250k54-Month CD Special
2.00%$50k-5 Year CD
2.00%$50k-Business 5 Year CD
1.90%$500$250k54 Month CD
1.90%$500$250kBusiness 54 Month CD
1.65%$50k-4 Year CD
1.65%$50k-Business 4 Year CD
1.35%$50k-3 Year CD
1.35%$50k-Business 3 Year CD
1.25%$50k-3 Year Bump-Up CD
1.25%$50k-Business 3 Year Bump-Up CD
1.10%$50k-2 Year CD
1.10%$50k-Business 2 Year CD
0.90%$50k-18 Month CD
0.90%$50k-Business 18 Month CD
0.80%$50k-12 Month CD
0.80%$50k-Business 12 Month CD
0.60%$50k-6 Month CD
0.60%$50k-Business 6 Month CD
0.40%$50k-3 Month CD
0.40%$50k-Business 3 Month CD

Workers Credit Union IRA Rates

ApyMinMaxProduct
2.15%$1k$250k54-Month CESA Special
2.15%$1k$250k54-Month IRA Special
2.15%$1k$250k54-Month Roth IRA Special
2.00%$50k-5 Year IRA
2.00%$50k-5 Year Roth IRA
2.00%$50k-5 Year CESA
1.90%$500$250k54 Month CESA
1.90%$500$250k54 Month IRA
1.90%$500$250k54 Month Roth IRA
1.65%$50k-4 Year IRA
1.65%$50k-4 Year Roth IRA
1.65%$50k-4 Year CESA
1.35%$50k-3 Year IRA
1.35%$50k-3 Year Roth IRA
1.35%$50k-3 Year CESA
1.25%$50k-3 Year Bump-Up IRA
1.25%$50k-3 Year Bump-Up Roth IRA
1.25%$50k-3 Year Bump-Up CESA
1.10%$50k-2 Year IRA
1.10%$50k-2 Year Roth IRA
1.10%$50k-2 Year CESA
0.90%$50k-18 Month IRA
0.90%$50k-18 Month Roth IRA
0.90%$50k-18 Month CESA
0.80%$50k-12 Month IRA
0.80%$50k-12 Month Roth IRA
0.80%$50k-12 Month CESA
0.60%$50k-6 Month IRA
0.60%$50k-6 Month Roth IRA
0.60%$50k-6 Month CESA

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


WORKERS'
NCUA #66479
BankRate ReportView
Year Established1914
Employees170
Primary Regulator

Assets and Liabilities

Assets$811.62 million
Loans$627.02 million
Deposits$622.42 million
Equity Capital$107.62 million
Loan Loss Allowance$4.99 million
Unbacked Noncurrent Loans$5.80 million
Real Estate Owned$239,000

Historic Data - September 2010

Assets$782.06 million
Equity Capital$100.48 million
Loan Loss Allowance$4.56 million
Unbacked Noncurrent Loans$3.97 million
Real Estate Owned$441,000

Profit Margin - Quarterly

Net Interest Margin3.03%
Return on Assets0.96%
Return on Equity7.23%
Interest Income$27.34 million
Non-Interest Income$7.36 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 September 30, 2011 Workers Credit Union had $6.04 million in non-current loans and owned real-estate with $112.62 million in equity and loan loss allowances on hand to cover it. This gives Workers Credit Union a Texas Ratio of 5.36% 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 4.20% as of September 30, 2010 to 5.36% as of September 30, 2011, resulting in a negative change of 27.75%. This indicates that the balance sheet and financial strength for Workers Credit Union has held steady in recent periods.
Deposit Growth4
In the past year, Workers Credit Union has increased its total deposits by $15 million, resulting in 2.47% 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 above average.
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 $811.62 million in assets with $112.62 million in equity, resulting in a capitalization level of 13.88%, which is excellent.
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