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 8th largest credit union in the state of Massachusetts. It is also the 314th largest credit union in the nation. It was established in 1934 and as of December of 2018, it had grown to 211 employees and 74,243 members at 18 locations. Webster First Federal Credit Union's CD rates are 84% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Webster First Federal Credit Union is open to those who live, work, worship, or attend school in Essex, Middlesex, Suffolk, or Worcester Counties in Massachusetts.
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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 - YTD1.19%
Return on Equity - YTD6.38%
Annual Interest Income$33.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$977.0MM$901.1MM
LoansQ4 2018vs Q4 2017$816.6MM$716.1MM
DepositsQ4 2018vs Q4 2017$680.2MM$684.2MM
Equity CapitalQ4 2018vs Q4 2017$180.5MM$169.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$2.1MM$2.0MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$4.0MM$5.7MM
Real Estate OwnedQ4 2018vs Q4 2017$957.00K$1.0MM
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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

0.10%--Regular Savings Account
0.10%$10$10kAll Purpose Club Account

Webster First Federal Credit Union Money Market Rates

2.17%*$100k*-Money Market Plus
OTHER TIERS: 0.10% Up to $1k | 0.15% $1k - $25k | 1.77% $25k - $50k | 2.02% $50k - $100k
0.15%*$1k*-Money Market Account
OTHER TIERS: 0.10% Up to $1k

Webster First Federal Credit Union Checking Account Rates

0.40%*$100k*-Elite Business Checking Account
OTHER TIERS: 0.01% Up to $1k | 0.05% $1k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k
0.05%$5-First Advantage Checking
0.05%--Jump Start Checking Account

Webster First Federal Credit Union CD Rates

3.04%$500-60 Month CD
2.53%$10k-18 Month CD Special - New Money
2.28%$500-48 Month CD
2.02%$500-36 Month CD
1.87%$500-24 Month CD
1.66%$500-12 Month CD
0.80%$1k-6 Month CD
0.55%$1k-3 Month CD

Webster First Federal Credit Union IRA Rates

3.04%$100-60 Month IRA
2.53%$10k-18 Months IRA Special - New Money
2.28%$100-48 Month IRA
2.02%$100-36 Month IRA
1.87%$100-24 Month IRA
1.66%$100-12 Month IRA


Boston Area

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