Workers Credit Union reports 2018 growth and expansions
Credit union holds annual meeting to release annual report to membership, community
LITTLETON, MA (April 11, 2019) — Workers Credit Union held its 104th annual meeting on March 26 to report its annual revenue, membership and assets growth rate, and community engagement for the year 2018 which ended in December. For the wider community and members who could not attend the meeting, Workers Credit Union created a first-ever video highlighting the annual report and made it available to the public on its YouTube channel at @Workerscu or this link. “This video underscores our commitment and culture of service to our community,” said Doug Petersen, president and CEO of Workers Credit Union.
In 2018 Workers Credit Union:
- Grew membership to more than 101,000 members (currently 104,000)
- Grew assets by nearly 10 percent to more than $1.797 Billion
- Helped more than 8,500 members buy homes and nearly 23,000 members buy vehicles
- Was named a Forbes “Best in State” credit union
- Launched the Workers Insurance Agency
- Enhanced mobile banking and web technologies
- Gave more than $300,000 in charitable donations to 155 Worcester-area nonprofit organizations
- Gave back more than $3.1 million to its members in its GiveBack program
- Employees gave more than 2,400 hours of volunteer service to our communities
A summary and full financial report can be accessed on the Workers Credit Union website here.
“We’re happy to be the Credit Union that more than 100,000 people rely on to support their financial goals, saidPetersen. “We’re looking forwarding to growing in 2019 and offering more for our members across Massachusetts.”
At the meeting, executives and board members also gave updates on Workers Credit Union’s critical infrastructure, branch network, and technology investments and upgrades. In 2019, Workers will launch a new mobile account opening platform, new loan origination software and video teller feature. These features will allow members and new members to easily access financial services and products and get lightning-fast loan decisions.
In addition to these state-of-the-art technology enhancements, Workers Credit Union is also building a new branch in Hudson/Middlesex County as well as building its new corporate headquarters in Littleton and renovating its existing location to further support its growth.
About Workers Credit Union
Workers Credit Union, a member-owned and member-focused $2.4 billion credit union, is building the financial wellness of its more than 120,000 members through coaching, products and support that empowers them to build a better life for themselves and their families. Headquartered in Littleton, MA, Workers Credit Union has been serving communities in Massachusetts for more than 100 years. Workers Credit Union recently adopted a national charter that enables it to serve a broader set of members wherever they live. Workers Credit Union is a Community Development Financial Institution and Low-Income Designated Credit Union.
