Sep, 30, 2025 — WEBSTER FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in WORCESTER, MA with 15 branch locations and about $1.48 billion in total assets. Opened 92 years ago in 1934, WEBSTER FIRST FEDERAL CREDIT UNION has about 89,394 members and employs 214 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WEBSTER FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 271 Greenwood St WORCESTER, MA 01607 |
| Phone: | (800) 962-4452 |
| Fax: | |
| Website: | https://www.websterfirst.com |
| Branches: | 15 branch locations |
| Members: | 89,394 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24557 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,476,649,789 |
| CEO/Manager: | John Thomasian |
| Chairperson: | Theodore Katsiroubas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,270,138 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 976,604,536 |
| Unsecured Loans | 33,653,305 |
| Other Loans | 207,001,109 |
| TOTAL LOANS | 1,217,258,949 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,847,183 |
| Land And Building | 19,321,856 |
| Other Fixed Assets | 2,445,001 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 9,058,444 |
| All Other Assets | 330,166 |
| TOTAL ASSETS | 1,476,649,789 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 145,000,000 |
| Accounts Payable & Other Liabilities | 5,553,052 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 292,881,310 |
| Regular shares | 339,575,753 |
| All Other Shares & Deposits | 421,235,903 |
| TOTAL SHARES & DEPOSITS | 1,053,692,968 |
| TOTAL LIABILITIES | 1,204,509,137 |
| Regular Reserve | 0 |
| Other Reserves | 9,667,840 |
| Undivided Earnings | 262,472,812 |
| TOTAL EQUITY | 272,140,652 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,476,649,789 |
| INCOME & EXPENSE | |
| Loan Income | 48,242,359 |
| Investment Income | 3,961,417 |
| Other Income | 5,555,883 |
| Total Employee Compensation & Benefits | 13,341,659 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 11,680,632 |
| Non-operating Income & (Expense) | -61,482 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 900,000 |
| Cost of Funds | 15,439,080 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,454,012 |
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