Sep, 30, 2025 — WORKERS CREDIT UNION is a federal credit union headquartered in LITTLETON, MA with 13 branch locations and about $2.46 billion in total assets. Opened 112 years ago in 1914, WORKERS CREDIT UNION has about 122,885 members and employs 347 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WORKERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 119 Russell St LITTLETON, MA 01460 |
| Phone: | (978) 345-1021 |
| Fax: | |
| Website: | https://www.wcu.com |
| Branches: | 13 branch locations |
| Members: | 122,885 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24923 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1914 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,460,739,081 |
| CEO/Manager: | James C Champion |
| Chairperson: | Nilesh V Gunda |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 167,563,041 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 628,500 |
| Real Estate Loans | 1,378,307,857 |
| Unsecured Loans | 62,282,884 |
| Other Loans | 440,265,754 |
| TOTAL LOANS | 1,881,288,459 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,573,666 |
| Land And Building | 23,133,859 |
| Other Fixed Assets | 4,334,530 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 16,478,249 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,460,739,081 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,152,005 |
| Notes & Interest Payable | 365,000,000 |
| Accounts Payable & Other Liabilities | 10,067,368 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 150,000,000 |
| Share Drafts | 280,699,803 |
| Regular shares | 696,109,948 |
| All Other Shares & Deposits | 868,796,147 |
| TOTAL SHARES & DEPOSITS | 1,845,605,895 |
| TOTAL LIABILITIES | 2,373,965,139 |
| Regular Reserve | 0 |
| Other Reserves | -21,408,356 |
| Undivided Earnings | 108,182,298 |
| TOTAL EQUITY | 86,773,942 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,460,739,081 |
| INCOME & EXPENSE | |
| Loan Income | 72,001,925 |
| Investment Income | 14,578,746 |
| Other Income | 6,150,163 |
| Total Employee Compensation & Benefits | 27,004,131 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 26,449,104 |
| Non-operating Income & (Expense) | 31,039 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,250,653 |
| Cost of Funds | 51,556,174 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,577,095 |
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