Webster First Federal Credit Union


Overview / Commentary
508-671-5170
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 342nd largest credit union in the nation. It was established in 1934 and as of June of 2022, it had grown to 202 employees and 88,770 members at 17 locations. Webster First Federal Credit Union has 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.
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
A+

Health Grade Components

Overall
NCUA #24557
Year Chartered1934
Employees202
Primary Regulator
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD5.76%
Annual Interest Income$17.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.28B$1.24B
LoansQ2 2022vs Q2 2021$928.6MM$878.5MM
DepositsQ2 2022vs Q2 2021$997.8MM$932.2MM
Equity CapitalQ2 2022vs Q2 2021$214.7MM$208.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.4MM$2.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$7.1MM$4.9MM
Real Estate OwnedQ2 2022vs Q2 2021$0$297.00K
Rates

Rates for Webster First Federal Credit Union are currently being reviewed.

Locations

Availability



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