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 9th largest credit union in the state of Massachusetts. It is also the 320th largest credit union in the nation. It was established in 1934 and as of March of 2024, it had grown to 198 employees and 91,285 members at 14 locations. Webster First Federal Credit Union's CD rates are 5X the national average, and it has 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.
See current membership details

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 - YTD0.98%
Return on Equity - YTD6.09%
Annual Interest Income$15.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.48B$1.4B
LoansQ1 2024vs Q1 2023$1.15B$1.03B
DepositsQ1 2024vs Q1 2023$1.01B$1.06B
Equity CapitalQ1 2024vs Q1 2023$236.7MM$219.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$7.2MM$6.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$5.1MM$4.7MM
Real Estate OwnedQ1 2024vs Q1 2023$297K$297K
Report an Issue

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

0.05%$5-Primary Share
0.05%$10$10kAll Purpose Club Account

Webster First Federal Credit Union Money Market Rates

0.20%*$100k*-Money Market Plus
OTHER TIERS: 0.10% $0 - $1k | 0.15% $1k - $100k
0.20%*$100k*$1mBusiness Money Market w/ Elite Business Checking account
OTHER TIERS: 0.05% $0+ | 0.10% $1k - $50k | 0.15% $50k - $100k
0.15%*$1k*-Money Market Account
OTHER TIERS: 0.10% $5 - $1k

Webster First Federal Credit Union Checking Account Rates

0.05%*$100k*-Elite Business Checking Account
OTHER TIERS: 0.01% $0 - $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

5.13%$1k-7 Month CD Special - New Money
4.60%$1k-11 Month CD Special
4.34%$25k-Business 4 Month Elite CD Special - New Money
4.08%$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

5.13%$1k-7 Month IRA Special
4.60%$100-11 Month IRA
4.08%$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


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.