Workers Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.75% | Reward Checking | 1.74% - National Average |
| 0.10% | Savings | 0.26% - National Average |
| 0.30% | Money Market |
Workers Credit Union is headquartered in Fitchburg and is the 3rd largest credit union in the state of Massachusetts. It is also the 149th largest credit union in the nation. It was established in 1914 and as of December of 2018, it had grown to 316 employees and 101,732 members at 15 locations. Workers Credit Union's money market rates are 3X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Workers Credit Union is open to those who live or work in the state of Massachusetts.
See current membership details
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Look No Further For A Great Credit Union!
I've had a good experience with WCU for several years. Customer service representatives are knowledgeable and if they can't help you directly, they will see that direct you to someone who can help you. They offer competitive interest rates, and their online banking is pretty easy to use. Depositing checks via smartphone is a nice feature, though at times it can be difficult to picture the check just right, but this isn't enough for me to take off a star for web/mobile rating.
Help When You Need It
I've been a member of this credit union for a little over 10 years. I chose them when I decided to open my first bank account because they didn't have any minimum balance requirements or monthly maintenance charges. The one fee that I did come across was an ATM fee if you used your card at a different bank's ATM more than five times per month. Also, you had to have a savings account set up with a minimum balance for $25.
This bank has an overdraft policy that allows its members to overdraft their checking account for a fee of $30. When my husband lost his job, I found myself using this feature to cover necessary purchases between my bi-weekly paychecks. A short while later, I also lost my full-time position and ended up with only a part-time position. My bank account ended up being over-drafted for more than 30 days and the bank was just going to close my account. Instead, I went into my local branch and spoke to one of the tellers about my options. Even though I was extremely embarrassed about the situation, the woman I spoke with did not make me feel ashamed or stupid for letting this happen. She took the time to explain to me about their Fresh Start program that brings your bank balance back to zero, keeps your bank account open and functioning, and allows you to pay off the amount of money that was negative in small weekly installments. I decided that this program was my best option, and the woman helped me fill out all the paperwork. Before I left the bank that day I was all set up on the program, with one less thing to worry about. This bank cares about its members and will try to do its best to help you out if you need it.
Home Of The Takeaway Program
Worst credit union. Try dcu or athol savings or St marys. Just aask me why
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66479 |
| Year Chartered | 1914 |
| Employees | 316 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 6.49% |
| Annual Interest Income | $61.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.80B$1.64B |
| Loans | Q4 2018vs Q4 2017 | $1.31B$1.17B |
| Deposits | Q4 2018vs Q4 2017 | $1.15B$1.11B |
| Equity Capital | Q4 2018vs Q4 2017 | $177.2MM$168.4MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $5.1MM$5.6MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $5.7MM$8.4MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $185.00K$431.00K |
Always verify rates and promotions with the bank or credit union. We are not Workers 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.
Workers Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.01% | $50 | - | cuSave - Online Savings | ||
| 0.75% | $25 | - | Student Savings | ||
| 0.60%* | $50k* | - | Business Premium Savings | ||
| OTHER TIERS: 0.20% → $50 - $1k | 0.40% → $1k - $50k | |||||
| 0.40%* | $50k* | - | Big Picture Super Savings | ||
| OTHER TIERS: 0.10% → $50 - $1k | 0.30% → $1k - $50k | |||||
| 0.10% | $50 | - | Share Savings (statement/passbook) | ||
| 0.10% | $50 | - | IRA Savings Account | ||
| 0.10% | $5 | - | Club Account | ||
| 0.10% | $50 | - | Business Savings (statement/passbook) | ||
Workers Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.11%* | $100k* | - | Workers Money Market Checking | ||
| OTHER TIERS: 0.40% → $50 - $10k | 0.90% → $10k - $25k | 1.01% → $25k - $100k | |||||
| 0.30%* | $50k* | - | Personal Money Market Account (statement) | ||
| OTHER TIERS: 0.20% → $50 - $10k | 0.25% → $10k - $50k | |||||
| 0.30%* | $50k* | - | Business Money Market Account (statement) | ||
| OTHER TIERS: 0.20% → $50 - $10k | 0.25% → $10k - $50k | |||||
Workers Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.75%* | - | $25k | High Interest Checking | ||
| OTHER TIERS: 0.40% → $25k+ | |||||
| 0.10% | $25 | - | Business Checking | ||
Workers Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.10%* | $25k* | - | 60 Month Member Relationship CD | ||
| OTHER TIERS: 2.99% → $500 - $25k | |||||
| 3.05% | $500 | - | 47 Month Member Relationship CD Special | ||
| 2.84% | $500 | - | 23 Month Member Relationship CD Special | ||
| 2.79%* | $25k* | - | 48 Month Member Relationship CD | ||
| OTHER TIERS: 2.69% → $500 - $25k | |||||
| 2.53%* | $25k* | - | 36 Month Member Relationship CD | ||
| OTHER TIERS: 2.43% → $500 - $25k | |||||
| 2.43%* | $25k* | - | 24 Month Member Relationship CD | ||
| OTHER TIERS: 2.33% → $500 - $25k | |||||
| 2.33%* | $25k* | - | 18 Month Member Relationship CD | ||
| OTHER TIERS: 2.22% → $500 - $25k | |||||
| 2.22%* | $25k* | - | 12 Month Member Relationship CD | ||
| OTHER TIERS: 2.12% → $500 - $25k | |||||
| 1.85%* | $25k* | - | 6 Month Member Relationship CD | ||
| OTHER TIERS: 1.75% → $500 - $25k | |||||
| 1.10%* | $25k* | - | 3 Month Member Relationship CD | ||
| OTHER TIERS: 1.00% → $500 - $25k | |||||
Workers Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.10%* | $25k* | - | 60 Month Member Relationship IRA | ||
| OTHER TIERS: 2.99% → $500 - $25k | |||||
| 3.05% | $1k | - | 47 Month Member Relationship IRA Special | ||
| 2.84% | $1k | - | 23 Month Member Relationship IRA Special | ||
| 2.79%* | $25k* | - | 48 Month Member Relationship IRA | ||
| OTHER TIERS: 2.69% → $500 - $25k | |||||
| 2.53%* | $25k* | - | 36 Month Member Relationship IRA | ||
| OTHER TIERS: 2.43% → $500 - $25k | |||||
| 2.43%* | $25k* | - | 24 Month Member Relationship IRA | ||
| OTHER TIERS: 2.33% → $500 - $25k | |||||
| 2.33%* | $25k* | - | 18 Month Member Relationship IRA | ||
| OTHER TIERS: 2.22% → $500 - $25k | |||||
| 2.22%* | $25k* | - | 12 Month Member Relationship IRA | ||
| OTHER TIERS: 2.12% → $500 - $25k | |||||
| 1.85%* | $25k* | - | 6 Month Member Relationship IRA | ||
| OTHER TIERS: 1.75% → $500 - $25k | |||||
