Woburn Municipal Federal Credit Union

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A short history of Woburn Municipal FCU

Since its inception in 1966 the Woburn Municipal Federal Credit Union has been serving its members in the Woburn, 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 James McCorkle, the Woburn Municipal FCU has grown its membership to over 3,092 with assets of more than $43,676,320. They have a main office and 0 branch offices. Please see the credit unions website or contact them by phone at (781) 933-2600 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Woburn, MA.

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

Charter Number 17847
Address 8 Cedar St 
City Woburn 
State Massachusetts 
Zip-Code 01801
Phone Number (781) 933-2600
Fax Number (781) 933-3621
Email Address: none
CEO/President James McCorkle
Members 3,092 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 43,676,320 
Website http://www.wmfcu.org 

Compare Woburn Municipal Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Winchester CU MAIN OFFICE 968 MAIN ST 01890 (781) 729-0668 No 1.93
Burlington Municipal Employees CU Burlington MEFCU 7 Bedford St 01803 (781) 272-2046 No 2.09
Stoneham Municipal Employees CU Branch 200 Jefferson RD 01887 (978) 658-5394 No 3.22
Reading Mass. Town Employees CU Home Office 218 Ash st 01867 (781) 942-9019 No 3.52
Wakefield Town Employees CU Main Office 47 Tuttle ST 01880 (781) 245-9331 No 4.31

Woburn Municipal Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Woburn Municipal 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 9.90 1.99 2.50 3.99 4.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 34 52 137 168
Rank Among All Massachusetts Credit Unions 12 6 8 34 35

Woburn Municipal Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.20 0.60 0.20
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 143 114 240 271
Rank Among All Massachusetts Credit Unions N/A 21 25 47 52
Woburn Municipal Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9007371,155,272
All Other Unsecured Loans/Lines of Credit 10.4904321,592,594
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.990791,777,883
Used Vehicle Loans 2.5001511,699,578
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.990355,235,788
Total Other Real Estate Loans/Lines of Credit 4.500852,926,255
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.05014150,834
TOTAL LOANS & LEASES 1,53314,538,204

Woburn Municipal 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 183,495,9621142,500
    b. 15 Years or less 171,739,8262470,000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 822,732,5245280,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3193,731156,267
Open-End Fixed Rate 0000
TOTALS 1208,162,0439948,767

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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