Webster First Federal Credit Union

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A short history of Webster First FCU

Since its inception in 1934 the Webster First Federal Credit Union has been serving its members in the Worcester, Massachusetts area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Michael Lussier, the Webster First FCU has grown its membership to over 67,792 with assets of more than $875,703,301. They have a main office and 17 branch offices. Please see the credit unions website or contact them by phone at (800) 962-4452 or email them at info@websterfirst.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Worcester, MA.

General Information For Webster First FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24557
Address 271 Greenwood St, P O Box 70505 
City Worcester 
State Massachusetts 
Zip-Code 01607
Phone Number (800) 962-4452
Fax Number () -
Email Address: info@websterfirst.com
CEO/President Michael Lussier
Members 67,792 
Full-Time Employees 211 
Part-Time Employees 27 
Number of Branch Offices 17 
Total Assets 875,703,301 
Website http://websterfirst.com 

Compare Webster First Federal Credit Union To Other Local Credit Unions


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Address
Zip Code
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Distance (Miles)
Millbury CU Auburn 56 Auburn St 01501 (508) 721-0021 No 2.63
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Allcom CU AllCom Credit Union 36 Park Ave 01609 (508) 754-9980 No 4.11
Worcester Fire Dept. CU WORCESTER FIRE DEPARTMENT CREDIT UNION 34 GLENNIE ST 01605 (508) 752-1122 No 4.37
Homefield CU Homefield Credit Union 86 Worcester St 01536 (508) 839-5493 No 4.71

Webster First Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Webster First Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 2.49 3.24 3.77 3.99
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 83 119 104 99
Rank Among All Massachusetts Credit Unions N/A 25 27 25 18

Webster First Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 0.15 0.60 0.60
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 129 124 240 211
Rank Among All Massachusetts Credit Unions 10 19 27 47 42
Webster First Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 8.5304,77114,867,471
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 4.130131332,420
New Vehicle Loans 2.4903445,666,464
Used Vehicle Loans 3.2403,98437,783,164
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.7703,269582,447,182
Total Other Real Estate Loans/Lines of Credit 3.9901,03531,371,885
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.2301,40422,547,778
TOTAL LOANS & LEASES 14,938695,016,364

Webster First Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 997223,163,3256422,003,351
    b. 15 Years or less 75573,230,628447,043,685
Balloon/Hybrid
    a. > 15 years 24569,459,1444412,353,276
    b. 15 Years or less 17849,122,036112,355,625
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 1,094167,472,0497618,212,510
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 2757,282,274532,430,747
Closed-End Adjustable Rate 15230,60300
Open-End Adjustable Rate 70222,695,51413415,192,941
Open-End Fixed Rate 431,163,49400
TOTALS 4,304613,819,06742679,592,135

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 23,086,4440
Interest Only & Payment Option Other RE/LOC Loans 252,955,9290
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Webster First Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes