Financial Information

When you are doing your research on the best credit unions in Massachusetts, think First. Webster First Federal Credit Union is a $831,822,576 financial institution. Webster First ranks among the largest credit unions operating in Massachusetts today, thanks to our great credit union members!   


Our credit union has been growing strong through some of the worst of financial times, while other financial institutions and businesses have collapsed. Our doors have never closed, and our array of banking products and services has only become more extensive. We are proud to say that Webster First Federal Credit Union is one of the strongest and most financially stable credit unions around. 


Statement of Conditions
Assets 12/31/2014 12/31/2015
Cash & Investments $134,378,242 $160,667,648
Loans, net $448,099,959 $608,424,851
Property & Equipment $22,236,214 $21,919,853
Other Assets $37,260,332 $40,810,226
TOTAL $641,974,745 $831,822,576
Liabilities & Equity
Member Deposits $511,713,284 $678,575,834
Other Liabilities $3,868,715 $6,852,192
Surplus & Reserves $126,392,747 $146,394,551
TOTAL $641,974,745 $831,822,576


Gary Luksha, Supervisory Committee Chairman
Kimberly A. Tonkin, VP of Finance/CFO


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