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Webster First Federal Credit Union


Overview / Commentary
www.websterfirst.com
508-671-5170
271 Greenwood St
Worcester, MA 01607

Webster First Federal Credit Union is headquartered in Worcester and is the 8th largest credit union in the state of Massachusetts. It is also the 334th largest credit union in the nation. It was established in 1934 and as of September of 2022, it had grown to 204 employees and 89,652 members at 17 locations. Webster First Federal Credit Union's CD rates are 68% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Webster First Federal Credit Union is open to anyone who lives, works, worships, or goes to school in Worcester, Suffolk, Middlesex, or Essex counties.
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Reviews (1)

Webster First Federal Credit Union

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I have nothing but positive to say about Webster First Federal Credit Union. They have been my banking institution for approximately 4 years and have always been right there if a concern arouse. Whether it be having to call them by telephone, contact them online, or visit the local branch, whatever the reason is for contact, they are readily available with a solution. I have suggested this financial institution to many of my family members and a few friends as I have seen them get charged some outrageous amounts on overdrafts and such, and this is not a problem when dealing with Webster First Federal. I have chosen the option of getting paper statements from the credit union, although they do have the option to opt out and just find all informatin needed online, which shows me that they do have an environmental concern also.

1


Health
A+

Data as of Q3 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #24557
Year Chartered1934
Employees204
Primary Regulator
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD5.94%
Annual Interest Income$27.2MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$1.33B$1.24B
LoansQ3 2022vs Q3 2021$979.4MM$860.9MM
DepositsQ3 2022vs Q3 2021$1.05B$951.8MM
Equity CapitalQ3 2022vs Q3 2021$217.0MM$211.1MM
Loan Loss AllowanceQ3 2022vs Q3 2021$2.2MM$2.5MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$4.8MM$3.1MM
Real Estate OwnedQ3 2022vs Q3 2021$0$300.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Webster First Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Regular Savings Account
0.05%$10$10kAll Purpose Club Account

Webster First Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Money Market Plus
OTHER TIERS: 0.10% → Up to $1k | 0.15% → $1k - $100k
0.15%*$1k*-Money Market Account
OTHER TIERS: 0.10% → Up to $1k
0.10%*$100k*$1mBusiness Money Market
OTHER TIERS: 0.03% → Any amount | 0.05% → $1k - $50k | 0.07% → $50k - $100k

Webster First Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$100k*-Elite Business Checking Account
OTHER TIERS: 0.01% → Up to $25k | 0.02% → $25k - $100k
0.01%$5-First Advantage Checking
0.01%$5-Jump Start Checking Account

Webster First Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$1k$250k15 Month CD Special - New Money
4.24%$1k-9 Month CD Special - New Money
1.51%$500-12 Month CD
1.51%$500-24 Month CD
1.51%$500-36 Month CD
1.51%$500-48 Month CD
1.51%$500-60 Month CD
0.85%$1k-6 Month CD
0.76%$1k-3 Month CD

Webster First Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$1k-15 Month IRA Special
4.24%$1k-9 Month IRA Special
1.51%$100-12 Month IRA
1.51%$100-24 Month IRA
1.51%$100-36 Month IRA
1.51%$100-48 Month IRA
1.51%$100-60 Month IRA
Locations

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