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Overview / Commentary
815 Main St
Fitchburg, MA 01420

Workers' Credit Union is headquartered in Fitchburg and is the 6th largest credit union in the state of Massachusetts. It is also the 201st largest credit union in the nation. It was established in 1914 and as of December of 2013, it had grown to 193 employees and 73,902 members. Workers' Credit Union has a A+ health rating.

Field of Membership Restrictions

Membership is open to anyone who resides in Massachusetts and Southern New Hampshire, or works for a company that is based in Massachusetts. You can begin your membership by simply opening a member account with as little as $25 or a high rate cuSave Account with as little as $500. Workers' also accepts membership for businesses. Workers' Credit Union can open accounts for the following business types in Massachusetts: sole proprietors, corporations, partnerships and limited liability companies. - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


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, 2013 Workers' Credit Union had $6.85 million in non-current loans and owned real-estate with $133.69 million in equity and loan loss allowances on hand to cover it. This gives Workers' Credit Union a Texas Ratio of 5.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Workers' Credit Union decreased slightly from 6.06% as of December 31, 2012 to 5.13% as of December 31, 2013, resulting in a positive change of 15.35%.This indicates that the balance sheet and financial strength for Workers' Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Workers' Credit Union has increased its total deposits by $56.8 million, resulting in 8.74% 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.



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 $1.04 billion in assets with $133.69 million in equity, resulting in a capitalization level of 12.88%, which is excellent.

Institution Statistics

NCUA #66479
Year Chartered1914
Primary Regulator
Assets and Liabilities
Assets$1.04 billion
Loans$748.32 million
Deposits$706.48 million
Equity Capital$127.54 million
Loan Loss Allowance$6.15 million
Unbacked Noncurrent Loans$6.05 million
Real Estate Owned$800,000
Historic Data - December 2012
Assets$913.27 million
Equity Capital$121.75 million
Loan Loss Allowance$5.39 million
Unbacked Noncurrent Loans$6.05 million
Real Estate Owned$50,000
Profit Margin - Quarterly
Net Interest Margin3.78%
Return on Assets0.86%
Return on Equity7.03%
Interest Income$38.39 million

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Workers' Credit Union has 15 locations. Click to view all Workers' Credit Union locations.