Worcester Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.25%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.10%	Savings	Savings Account 1.30% - Synchrony Bank High Yield Savings
1.50%	3-year CD	36 Month CD 1.60% - Ally Bank High Yield 3 Year CD

View all Worcester Credit Union rates »

Overview / Commentary

www.worcestercu.com

508-853-9966

520 W Boylston St
Worcester, MA 01606

Worcester Credit Union is headquartered in Worcester and is the 61^st largest credit union in the state of Massachusetts. It is also the 1,839^th largest credit union in the nation. It was established in 1976 and as of June of 2017, it had grown to 20 employees and 7,317 members at 2 locations. Worcester Credit Union's CD rates are 39% higher than the national average, and it 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+

Data as of Q2 2017

Learn why bank health matters

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 Chartered	1976
Employees	20
Primary Regulator

Profit Margin
Return on Assets - YTD	0.22%
Return on Equity - YTD	2.34%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$79.6MM$78.2MM
Loans	Q2 2017vs Q2 2016	$51.4MM$51.1MM
Deposits	Q2 2017vs Q2 2016	$71.4MM$70.4MM
Equity Capital	Q2 2017vs Q2 2016	$7.5MM$7.3MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$183.00K$135.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$274.00K$297.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.10%	-	-	Savings Account
0.10%	-	-	Club Account
0.10%	-	-	IRA Savings Account
0.10%	-	-	Business Savings

Worcester Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$500	-	Preferred Checking
0.10%	$5k	-	Business Premier Checking

Worcester Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%	$500	-	36 Month CD
1.35%	$500	-	24 Month CD
1.25%	$500	-	12 Month CD
1.25%	$1k	-	Business 12 Month CD
0.75%	$500	-	6 Month CD

Worcester Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%	$500	-	36 Month IRA
1.35%	$500	-	24 Month IRA
1.25%	$500	-	12 Month IRA

Locations

Worcester Credit Union Locations
Branch Office	1 Skyline Dr	Worcester, MA 01605
Branch Office	520 W Boylston St	Worcester, MA 01606-2026