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Webster First Federal Credit Union history
Webster First Federal Credit Union company history timeline
At the same time, the credit union movement was gaining strength throughout the country, and on January 20, 1928, Webster Credit Union was officially founded.
In 1936, Webster Credit Union joined the Credit Union League of Massachusetts.
In 1964, the credit union joined the Massachusetts Share Insurance Corporation, thereby insuring all deposits in full.
At the 50th anniversary in 1978, membership had increased to over 13,000 members with assets of $40,5000,000.
Board of Directors, late 1980's
Current President/CEO Michael Lussier joined the credit union in 1987 as controller, and shortly was promoted to the position he holds today.
Dudley branch Grand Opening, 1987
In 1995, the charter was changed, and Webster Credit Union officially became Webster First Federal Credit Union.
Worcester Operations Center Grand Opening, 2009
As the decade came to a close in 2019, Webster First achieved a longtime goal of reaching over $1 billion in assets.
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Webster First Federal Credit Union competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Extra Credit Union | 1954 | $10.1M | 85 | - |
| University Of Illinois Employees Credit Union | 1932 | $50.0M | 85 | 1 |
| Indiana University Credit Union | 1956 | $50.0M | 6 | - |
| UniBank | 1870 | $1.5B | 100 | 25 |
| IC Federal Credit Union | 1928 | $9.2M | 100 | 1 |
| Colony Bank | 1975 | $106.9M | 502 | 8 |
| The Bank of Glen Burnie | 1949 | $14.1M | 90 | 1 |
| Community Bancorp | 1851 | $41.5M | 134 | 22 |
| Merchants Bank NA | - | $190.0M | 50 | - |
| BancorpSouth | 1876 | $775.0M | 4,693 | - |
Webster First Federal Credit Union history FAQs
Zippia gives an in-depth look into the details of Webster First Federal Credit Union, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Webster First Federal Credit Union. The employee data is based on information from people who have self-reported their past or current employments at Webster First Federal Credit Union. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Webster First Federal Credit Union. The data presented on this page does not represent the view of Webster First Federal Credit Union and its employees or that of Zippia.
Webster First Federal Credit Union may also be known as or be related to Webster Credit Union (inc) and Webster First Federal Credit Union.