Workers Credit Union is headquartered in Littleton and is the 4th largest credit union in the state of Massachusetts. It is also the 168th largest credit union in the nation. It was established in 1914 and as of June of 2023, it had grown to 366 employees and 125,391 members at 18 locations. Workers Credit Union's savings rates are 7X the national average, but it has a C- health rating.
Field of Membership Restrictions
Membership in Workers Credit Union is open to anyone by joining the Financial Fitness Association or through a $5 contribution to United Way of North Central MA (membership fee and $5 contribution will be paid for by Workers Credit Union). Individuals who live, work, worship, or attend school in Lowell or Worcester (Massachusetts) are also eligible to join. Employees/retirees of 12 participating employers also qualify, as do their immediate family and household members.
See current membership details
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Workers CU Is Awesome Professional & Attentive!
Workers CU in MA is simply GREAT! They are knowledgeable they value there Customers, they are attentive friendly respectful and over all refreshing in Customer Service every time, they listen and follow up, if they do not know something they will research and get back to you.They offer competitive interest rates also! In particular Mr. James Daisy VP, Relationship Manager & Gicelle Brito is awesome also! I also had the pleasure of speaking with the President of Mr.Petersen and I found him to be TOP NOTCH! Thank you Workers CU! Joel Barry
Rates Have Been Lowered.
.85% comes up on the business MM search over $100k. Rate now .60%
Beware Of Flex, Especially From Workers
Workers CU performance has steadily declined over the passed several years.
Beware of Flex account--They can change without notice.
Loan Services
Consistently pay ahead, this bank will not credit forward will take all payment paid and post for that day. Even if you send 2 payments and note you are paying the next. They will tell you that you can pay 90 days ahead, NOT SO!! Go somewhere else!
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24923 |
| Year Chartered | 1914 |
| Employees | 366 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.16% |
| Return on Equity - YTD | -3.82% |
| Annual Interest Income | $53.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $2.65B$2.46B |
| Loans | Q2 2023vs Q2 2022 | $1.69B$1.44B |
| Deposits | Q2 2023vs Q2 2022 | $1.79B$1.69B |
| Equity Capital | Q2 2023vs Q2 2022 | $109.9MM$145.7MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$6.4MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $29.4MM$7.2MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
