Credit union · NCUA insured
Worcester Credit Union
A $107.1M credit union headquartered in Worcester, MA, with 6,355 members and 1 branch in Massachusetts. Best rates: savings 0.05% APY.
Worcester Credit Union Carrot Score
70
Carrot Score
Higher than 27% of U.S. banks and credit unions
#29 of 41 in Worcester, MA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Worcester Credit Union
Founded in 1934 as Worcester Teacher's Credit Union and based in Worcester, Massachusetts, Worcester Credit Union is a state-chartered credit union.
The institution merged with Worcester DPW Credit Union in 1969 to become Worcester Municipal Employees Credit Union, and adopted its current name after merging with Worcester County Courthouse Employees' Credit Union in 1998.
The credit union serves 6,985 members through one location with $101 million in assets.
- Headquarters
- 520 W Boylston St, Worcester, MA 01606-2026
- NCUA charter
- 64144
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, or attend any school in Worcester County are eligible for membership.
Military, government and schools
- Federal, State, or Municipal employees who work anywhere in Worcester County are eligible for membership.
- Elected or appointed officials of a Federal, State, or Municipal government organization or agency, club, or non-profit in Worcester County are eligible for membership.
- Individuals retired from qualifying government, school, elected, or appointed positions in Worcester County are eligible for membership.
- Employees of a private or regional school system anywhere in Worcester County are eligible for membership.
Family and household
- Family members of a Worcester Credit Union member, including parents, spouse, siblings, and children, are eligible for membership.
1 more way to join
Other ways
- Organizations in Worcester County, including businesses and government organizations or agencies, are eligible for membership.
Branches
1 branch in Massachusetts
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Massachusetts
1 branch
- CorporateMain office520 W Boylston St, Worcester, MA 01606Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 11.75% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.87% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.93% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $77 | $76 | — |
- CapitalNet worth ratio11.75%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.87%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.93%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$77Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Worcester Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.