Webster First Federal Credit Union
Webster First Federal Credit Union is headquartered in Worcester and is the 10th largest credit union in the state of Massachusetts. It is also the 348th largest credit union in the nation. It was established in 1934 and as of March of 2022, it had grown to 205 employees and 86,724 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
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.
Data as of Q1 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24557 |
| Year Chartered | 1934 |
| Employees | 205 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.05% |
| Return on Equity - YTD | 6.11% |
| Annual Interest Income | $8.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $1.25B$1.23B |
| Loans | Q1 2022vs Q1 2021 | $877.1MM$887.0MM |
| Deposits | Q1 2022vs Q1 2021 | $981.2MM$923.2MM |
| Equity Capital | Q1 2022vs Q1 2021 | $213.0MM$205.3MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $2.5MM$2.7MM |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $5.5MM$4.3MM |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$297.00K |
