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.
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
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.
Overall | |
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NCUA # | 24557 |
Year Chartered | 1934 |
Employees | 204 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.99% |
Return on Equity - YTD | 5.94% |
Annual Interest Income | $27.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2022vs Q3 2021 | $1.33B$1.24B |
Loans | Q3 2022vs Q3 2021 | $979.4MM$860.9MM |
Deposits | Q3 2022vs Q3 2021 | $1.05B$951.8MM |
Equity Capital | Q3 2022vs Q3 2021 | $217.0MM$211.1MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $2.2MM$2.5MM |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $4.8MM$3.1MM |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$300.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | - | - | Regular Savings Account | |
0.05% | $10 | $10k | All Purpose Club Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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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 |