Webster First Federal Credit Union

Overview / Commentary
271 Greenwood St
Worcester, MA 01607

Webster First Federal Credit Union is headquartered in Worcester and is the 9th largest credit union in the state of Massachusetts. It is also the 315th largest credit union in the nation. It was established in 1934 and as of September of 2023, it had grown to 203 employees and 91,721 members at 15 locations. Webster First Federal Credit Union's CD rates are 4X the national average, and it has an A health rating.

Field of Membership Restrictions

Webster First Federal Credit Union is open to anyone who lives, works, worships, or attends school in the Massachusetts counties of Essex, Middlesex, Suffolk, or Worcester. Immediate family or household members of anyone eligible to join Webster First Federal Credit Union qualifies for membership.
See current membership details

Reviews (1)

Webster First Federal Credit Union

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.


Health Grade Components

NCUA #24557
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD6.73%
Annual Interest Income$37.9MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$1.47B$1.33B
LoansQ3 2023vs Q3 2022$1.12B$979.4MM
DepositsQ3 2023vs Q3 2022$1.03B$1.05B
Equity CapitalQ3 2023vs Q3 2022$227.2MM$217MM
Loan Loss AllowanceQ3 2023vs Q3 2022$6.8MM$2.2MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$8.4MM$4.8MM
Real Estate OwnedQ3 2023vs Q3 2022$297K$297K
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Always verify rates and promotions with the bank or credit union. We are not Webster First Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

0.05%$5-Primary Share
0.05%$10$10kAll Purpose Club Account

Webster First Federal Credit Union Money Market Rates

0.20%*$100k*-Money Market Plus
OTHER TIERS: 0.10% Up to $1k | 0.15% $1k - $100k
0.20%*$100k*$1mBusiness Money Market w/ Elite Business Checking account
OTHER TIERS: 0.05% Any amount | 0.10% $1k - $50k | 0.15% $50k - $100k
0.15%*$1k*-Money Market Account
OTHER TIERS: 0.10% $5 - $1k

Webster First Federal Credit Union Checking Account Rates

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

4.86%$1k-7 Month CD Special
4.34%$25k-Business 4 Month Elite CD Special - New Money
3.82%$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

4.86%$1k-7 Month IRA Special
3.82%$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


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