Worcester Credit Union began serving members in 1934 as Worcester Teacher’s Credit Union. The maximum loan amount was $100, at an interest rate of 6%; dividend rates were 2 percent. The original credit union was open every Friday during the school year from 3:30 p.m. to 5:00 p.m. The ensuing years brought a pair of mergers; first with the Worcester DPW Credit Union in 1969, which led to the emergence of Worcester Municipal Employees Credit Union. Then, after a 1998 merger with Worcester County Courthouse Employees’ Credit Union, the merged credit unions became Worcester Credit Union.
Since inception back in 1934 and throughout the mergers along the way, Worcester Credit Union has been committed to proudly serving the teachers, administrators, City of Worcester employees, and their families located in and around Worcester. Our field of membership has expanded over the years and now becoming a member is easier than ever. Click here for details.
Worcester Credit Union is a State Chartered Credit Union, regulated by both the Division of Banks and the NCUA. Our Board of Directors is an all-volunteer group committed to the credit union’s members and equally committed to the communities and groups we serve. They work to promote the success and integrity of Worcester Credit Union.
As a financial institution Worcester Credit Union is small but mighty. We currently serve 6,985 members with two locations; $101 million in assets; and a complete suite of products, services, and technologies to meet our members’ saving, borrowing, and service needs. Our staff members are eager to help you reach your financial goals – today and into the future.
Your membership with Worcester Credit Union brings you peace of mind from knowing that every dollar you have on deposit is fully insured with both the NCUA up to $250,000, and MSIC for deposits exceeding $250,000. You have the commitment of Worcester Credit Union management and staff to happily help you navigate each phase of your financial life and all the challenges that arise.
Last but certainly not least, we are also committed to the communities we serve. We actively seek opportunities to be of help, as demonstrated by volunteerism and donations from the credit union and our staff to improve the quality of life in our neighborhoods.