Financials

We’ve been through many economic upturns and downturns since we first opened our doors in 1928. Today, as a result of our hard work and determination to make the best possible financial decisions, Webster First is one of the most well capitalized credit unions in Massachusetts. With our experience and dedicated team, we’re confident we can help you make the right financial decisions too.

Financials breakdown

Webster First Federal Credit Union is a $1,236,539,058 billion financial institution and ranks among the largest credit unions operating in Massachusetts today.

We’re proud of where we came from, where we are today, and where we are going in the future.



Statement of Conditions
12/31/2021 12/31/2020
Assets
Cash & Investments $307,931,871 $195,659,015
Loans, net $848,060,658 $901,788,235
Property & Equipment $24,384,659 $25,275,329
Other Assets $56,161,870 $62,096,280
TOTAL $1,236,539,058 $1,184,818,859
Liabilities & Equity
Member Deposits $965,423,322 $879,255,272
Borrowings $30,000,000 $70,000,000
Other Liabilities $27,584,926 $32,958,341
Surplus & Reserves $213,530,811 $202,605,247
TOTAL $1,236,539,058 $1,184,818,859

Daniel G. Durgin, Supervisory Committee Chairman

Kimberly A. Tonkin, VP of Finance/CFO