Financial Information

 

When you are doing your research on the best credit unions in Massachusetts, think First. Webster First Federal Credit Union is a $976 million 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 12/31/2018 12/31/2017
Cash & Investments $84,966,718 $112,857,916
Loans, net $814,230,539 $713,811,949
Property & Equipment $23,485,866 $22,436,181
Other Assets $54,045,963 $51,708,010
TOTAL $976,729,084 $900,814,054
Liabilities & Equity
Member Deposits $679,964,955 $683,908,834
Borrowings $110,000,000 $40,000,000
Other Liabilities $6,280,628 $7,858,292
Surplus & Reserves $180,483,502 $169,046,929
TOTAL $976,729,084 $900,814,054

 

Paul L. Richard, Supervisory Committee Chairman
Kimberly A. Tonkin, VP of Finance/CFO