Sep, 30, 2025 — WORCESTER CREDIT UNION is a federally insured state chartered credit union headquartered in WORCESTER, MA with 1 branch location and about $101.80 million in total assets. Opened 50 years ago in 1976, WORCESTER CREDIT UNION has about 6,423 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WORCESTER CREDIT UNION |
|---|---|
| Address: (Main Office) | 520 W Boylston St WORCESTER, MA 01606-2026 |
| Phone: | (508) 853-9966 |
| Fax: | (508) 853-7524 |
| Website: | https://www.worcestercu.com |
| Branches: | 1 branch locations |
| Members: | 6,423 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64144 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $101,802,778 |
| CEO/Manager: | Lucas Miller |
| Chairperson: | Robert Hennigan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,519,044 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 58,301,995 |
| Unsecured Loans | 3,847,938 |
| Other Loans | 4,322,598 |
| TOTAL LOANS | 66,472,531 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -319,952 |
| Land And Building | 566,282 |
| Other Fixed Assets | 403,010 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 851,315 |
| All Other Assets | 0 |
| TOTAL ASSETS | 101,802,778 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 214,190 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 224,215 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,858,847 |
| Regular shares | 44,302,434 |
| All Other Shares & Deposits | 26,857,097 |
| TOTAL SHARES & DEPOSITS | 91,018,378 |
| TOTAL LIABILITIES | 91,456,783 |
| Regular Reserve | 0 |
| Other Reserves | -1,632,058 |
| Undivided Earnings | 11,978,053 |
| TOTAL EQUITY | 10,345,995 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 101,802,778 |
| INCOME & EXPENSE | |
| Loan Income | 2,470,724 |
| Investment Income | 748,167 |
| Other Income | 259,565 |
| Total Employee Compensation & Benefits | 998,236 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,608,681 |
| Non-operating Income & (Expense) | 345,132 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,556 |
| Cost of Funds | 506,755 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 858,350 |
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