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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 9th largest credit union in the state of Massachusetts. It is also the 325th largest credit union in the nation. It was established in 1934 and as of June of 2023, it had grown to 202 employees and 91,253 members at 15 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 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.
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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 Q2 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #24557
Year Chartered1934
Employees202
Primary Regulator
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD6.56%
Annual Interest Income$24.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$1.42B$1.28B
LoansQ2 2023vs Q2 2022$1.06B$928.6MM
DepositsQ2 2023vs Q2 2022$1.04B$997.8MM
Equity CapitalQ2 2023vs Q2 2022$222.7MM$214.7MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$2.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$5.5MM$7.1MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$5-Primary Share
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% → $5 - $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
5.23%$1k-15 Month CD Special - New Money
5.02%$1k-9 Month CD Special - New Money
4.08%$500-13 Month CD
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
5.23%$1k-15 Month IRA Special
5.02%$1k-9 Month IRA Special
4.08%$100-13 Month IRA
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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