At Webster First, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. Our commitment to maintaining a strong financial foundation allows us to serve you better, ensuring that your money is safe and your financial needs are met. With a
net worth of $261,871,848, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of 18.03% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$253,272,775 in share certificates and
$55,771,803 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With
$240,268,106 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors with
$11,427,841 in total loans and leases and
$11,731 in used auto loans. Our operational efficiency is reflected in our net income of
$0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having
196 full-time employees and
18 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. In addition to our robust member support structure with
123,671 total share accounts, our net shares available for lending stand at
$7,306,890. This demonstrates a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Webster First is your trusted partner. Visit us at
282 Main St Douglas Ma 01516 or call us at
508-671-5150 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov, based on the latest results.
