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Featured Accounts

Worcester Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.90%1-year CD12 Month CD
0.10%SavingsSavings Account
1.25%3-year CD36 Month CD

Overview / Commentary
508-853-9966
520 W Boylston St
Worcester, MA 01606

Worcester Credit Union is headquartered in Worcester and is the 60th largest credit union in the state of Massachusetts. It is also the 1,823rd largest credit union in the nation. It was established in 1976 and as of March of 2017, it had grown to 19 employees and 7,306 members at 2 locations. Worcester Credit Union has a B+ 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

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Health
B+
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

Overall
NCUA #64144
Year Chartered1976
Employees19
Primary Regulator
Profit Margin
Return on Assets - YTD0.15%
Return on Equity - YTD1.56%
Annual Interest Income$627.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$80.4MM$77.3MM
LoansQ1 2017vs Q1 2016$51.1MM$49.8MM
DepositsQ1 2017vs Q1 2016$72.5MM$69.5MM
Equity CapitalQ1 2017vs Q1 2016$7.5MM$7.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$178.00K$138.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$82.00K$179.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Savings Account
0.10%--Club Account
0.10%--IRA Savings Account
0.10%--Business Savings

Worcester Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$100k*-Money Market Account
OTHER TIERS: 0.10% Up to $20k | 0.20% $20k - $50k | 0.30% $50k - $100k
0.40%*$100k*-Business Money Market
OTHER TIERS: 0.10% Up to $20k | 0.20% $20k - $50k | 0.30% $50k - $100k

Worcester Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-Preferred Checking
0.10%$5k-Business Premier Checking

Worcester Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-36 Month CD
1.15%$500-24 Month CD
0.90%$500-12 Month CD
0.90%$1k-Business 12 Month CD
0.40%$500-6 Month CD

Worcester Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-36 Month IRA
1.15%$500-24 Month IRA
0.90%$500-12 Month IRA
Locations


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