2. Workers Credit Union

Workers Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
1.75%Reward Checking
2.11% - National Average
0.10%Savings
2.20% - Barclays Online Savings AccountAdvertisement
0.30%Money Market
2.20% - Barclays Online Savings AccountAdvertisement
View all Workers Credit Union rates »

Overview / Commentary
www.wcu.com
978-345-1021
815 Main St
Fitchburg, MA 01420

Workers Credit Union is headquartered in Fitchburg and is the 3rd largest credit union in the state of Massachusetts. It is also the 145th largest credit union in the nation. It was established in 1914 and as of September of 2018, it had grown to 299 employees and 101,337 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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Reviews (3)

Look No Further For A Great Credit Union!

Posted by: arctic_fox | Nov 20, 2016

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.

4

Help When You Need It

Posted by: MassachusettsBanker-Leia | Jan 12, 2017

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.

3

Home Of The Takeaway Program

Posted by: William Pease | Feb 12, 2016

Worst credit union. Try dcu or athol savings or St marys. Just aask me why

3


Health
A

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #66479
Year Chartered1914
Employees299
Primary Regulator
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD7.92%
Annual Interest Income$47.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.80B$1.62B
LoansQ3 2018vs Q3 2017$1.32B$1.15B
DepositsQ3 2018vs Q3 2017$1.16B$1.08B
Equity CapitalQ3 2018vs Q3 2017$171.6MM$172.5MM
Loan Loss AllowanceQ3 2018vs Q3 2017$5.6MM$9.4MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$3.6MM$6.2MM
Real Estate OwnedQ3 2018vs Q3 2017$308.00K$393.00K
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*-$25kHigh Interest Checking
OTHER TIERS: 0.40% → $25k+
0.10%$25-Business Checking

Workers Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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
Locations

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