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.
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.
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 | 202 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.04% |
Return on Equity - YTD | 6.56% |
Annual Interest Income | $24.1MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $1.42B$1.28B |
Loans | Q2 2023vs Q2 2022 | $1.06B$928.6MM |
Deposits | Q2 2023vs Q2 2022 | $1.04B$997.8MM |
Equity Capital | Q2 2023vs Q2 2022 | $222.7MM$214.7MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$2.4MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $5.5MM$7.1MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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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% | $5 | - | Primary Share | |
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 |