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

 

12/31/2018

12/31/2017

Assets

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