Webster First Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 3 out of 5

271 Greenwood St, P O Box 70505, Worcester, MA 01607-1733

Website

(800) 962-4452

Data Source: NCUA, December 31, 2016


Webster First Federal Credit Union was founded in 1934. Headquartered in Worcester, Massachusetts, Webster First Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Webster First Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Webster First Federal Credit Union services 66,788 members through its 17 offices and branches and 198 full-time and 23 part-time employees. It has $856,077,244 of total assets and $165,739,378 of net worth. Based on its asset size and net worth ratio, Webster First Federal Credit Union is classified as a Well Capitalized large credit union.

Webster First Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Webster First Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Webster First Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Massachusetts and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Massachusetts
Median of USA
Checking
0.0500
0.0000
0.0000
Savings
0.1000
0.1000
0.1200
Money Market
0.1500
0.2500
0.2500
Certificate Deplit
0.5000
0.6800
0.5800
IRA
0.5000
0.6000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Massachusetts
National Median Rates
Credit Cards
9.5000
10.4900
9.9900
Unsecured Line of Credits
8.4700
10.9900
10.9500
Short-term Small Amount
n/a
20.0000
25.0000
Student Loans
3.6300
6.2500
6.0200
New Car Loans
2.2400
2.7500
3.3300
Used Car Loans
2.9900
3.8250
4.5000
1st Mortgage Real Estates
3.2100
4.0000
4.2500
Other Real Estates
3.9900
3.9900
4.7000

Webster First Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Webster First Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
No
No
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
Yes
View Account History
Yes
No

As a community financial institution, Webster First Federal Credit Union actively involves in local communities by prliding services such as first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
No
In-School Branches
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
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Fitchburg
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Fitchburg High School
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Hopkinton
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Liberty Square Boston
1 Liberty Sq Ste 110
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Phone:617-742-1616

Operations Center
Main Office

271 Greenwood St
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Phone:800-962-4452

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Phone:508-671-5160

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Winthrop
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Worcester
275 Greenwood St
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Phone:508-753-1484

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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