Worcester Credit Union

Overview / Commentary
520 W Boylston St
Worcester, MA 01606

Worcester Credit Union is headquartered in Worcester and is the 59th largest credit union in the state of Massachusetts. It is also the 1,753rd largest credit union in the nation. It was established in 1976 and as of June of 2020, it had grown to 14 employees and 6,954 members at 2 locations. Worcester Credit Union's money market rates are 14% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, attend school or work in the city of Worcester or the towns of Boylston, Auburn, Holden, Grafton, Leicester, Paxton, Millbury, Shrewsbury, or West Boylston. Membership is also open to federal, state and municipal employees, employees of private or regional school systems, and elected or appointed officials in a government organization, all in Worcester County.
See current membership details

Related Posts

15-Month CD Special, 2.30% APY - 1/17/2020

$500 minimum deposit opens the 15-month CD Special earning 2.30% APY. You are eligible for membership if you live, work, or attend any school in the City of Worcester or any of the surrounding towns: Auburn, Boylston, Grafton, Holden, Leicester, Millbury, Paxton, Shrewsbury, or West Boylston.


No reviews have been left for this bank yet. Be the first to review.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Worcester Credit Union has a relatively low asset base.

Health Grade Components

NCUA #64144
Year Chartered1976
Primary Regulator
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD6.01%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$98.0MM$81.6MM
LoansQ2 2020vs Q2 2019$56.1MM$56.7MM
DepositsQ2 2020vs Q2 2019$88.8MM$73.1MM
Equity CapitalQ2 2020vs Q2 2019$8.5MM$8.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$340.00K$303.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$135.00K$201.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Worcester 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.

Worcester Credit Union Savings Account Rates

0.10%--Club Account
0.10%--Business Savings
0.05%--Savings Account
0.05%--IRA Savings Account

Worcester Credit Union Money Market Rates

0.50%*$100k*-Money Market Account
OTHER TIERS: 0.25% Up to $20k | 0.35% $20k - $50k | 0.45% $50k - $100k
0.50%*$50k*-Business Money Market
OTHER TIERS: 0.25% Up to $20k | 0.35% $20k - $50k

Worcester Credit Union Checking Account Rates

0.10%$5k-Business Premier Checking
0.05%$500-Preferred Checking

Worcester Credit Union CD Rates

1.15%$500-36 Month CD
1.00%$500-24 Month CD
0.90%$500-15 Month CD Special - New Money
0.75%$500-12 Month CD
0.75%$1k-Business 12 Month CD
0.50%$500-6 Month CD

Worcester Credit Union IRA Rates

1.15%$500-36 Month IRA
1.00%$500-24 Month IRA
0.75%$500-12 Month IRA

Worcester Credit Union Locations
Branch Office1 Skyline DrWorcester, MA 01605
Branch Office520 W Boylston StWorcester, MA 01606-2026

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.