Webster First Saugus MA Credit Union | Affordable Vehicle Loans & Quick Personal Loans

Introduction

Welcome to Webster First, your trusted credit union serving the Saugus community since 1934. Located conveniently at 509 Main St, Saugus, MA 01906, our branch is dedicated to providing exceptional financial services tailored to meet the needs of our 92,283 members. With total assets exceeding $1.4 billion and total deposits reaching $31,296,104, we are committed to helping you achieve your financial goals. At Webster First, we pride ourselves on being more than just a financial institution; we are a community partner. Our commitment to you is evident in our wide range of services, including personal banking options like checking and savings accounts, auto loans, mortgage financing, and business banking solutions. We also offer modern conveniences such as online and mobile banking to ensure that you can manage your finances effortlessly. Our leadership team, led by CEO John Thomasian and Board President Christopher Daoust, believes in fostering a member-centric environment where your financial well-being is our top priority. With a strong net worth of $261,871,848 and total loans exceeding 26,109, we have the strength and stability needed to support you. While members can visit us at our Saugus location for all your banking needs, official correspondence should be sent to the same address: 509 Main St, Saugus, MA 1906. If you're looking for reliable financial guidance or simply want to learn more about how we can assist you, don't hesitate to reach out at 781-233-0010. Join us today at Webster First and experience the difference of a credit union that truly cares about its members. Visit our website at websterfirst.com for more information or stop by our branch during our operating hours: Monday through Wednesday from 9:00 AM to 4:00 PM, Thursday and Friday from 9:00 AM to 7:00 PM, and Saturday from 9:00 AM to 1:00 PM. We look forward to welcoming you into our family!

Branch History & Mission

Looking Ahead

In today's digital world, we recognize the importance of modern conveniences while ensuring accessibility for everyone. That's why we offer online banking options, mobile payments, and an easy-to-use app for managing your finances on the go. Our branch is ADA compliant and equipped with features like ATM access and drive-thru banking for added convenience. Join us as we continue this journey together! If you're looking for a credit union that prioritizes your needs and values community support, consider becoming a member of Webster First. Experience firsthand how we can help you achieve your financial goals while being part of something bigger. Feel free to reach out at 781-233-0010 or visit us during our operating hours: Monday through Wednesday from 9 AM to 4 PM, Thursday and Friday from 9 AM to 7 PM, and Saturday from 9 AM to 1 PM. We look forward to welcoming you into our family!

Our Mission

At Webster First, our mission is simple yet powerful: to enhance the financial well-being of our members through personalized service and community involvement. We believe in building lasting relationships that go beyond transactions. Our team is dedicated to providing not only essential financial products but also guidance and support tailored to each member's unique situation. We take pride in being part of Saugus's vibrant community. Through various outreach programs and partnerships with local organizations, we strive to give back and uplift those around us. Whether it's sponsoring local events or offering financial education workshops, we are committed to making a positive impact.

Our Story

From humble beginnings in the mid-20th century, Webster First was established with a clear vision: to provide accessible financial services that empower individuals and families. Over the years, we have expanded our offerings from basic savings accounts to comprehensive personal banking solutions, auto loans, mortgages, and business banking services. Each milestone reflects our commitment to adapting to the changing needs of our members. Our location is more than just an address; it's a hub for community engagement. Situated near local landmarks that residents cherish, we invite you to stop by and see how we can support your financial journey. While members can visit us at 509 Main St, official correspondence should be sent to the same address.

Branch Location & Accessibility

Convenient Access

When you visit us, you'll find ample parking available right outside the branch. We prioritize accessibility and have features like ramps and ADA-compliant entrances to ensure everyone can easily reach us. If you're in the area enjoying a day out, perhaps after a trip to nearby Square One Mall or taking a stroll through Breakheart Reservation, pop in and see what we can do for you!

Get In Touch

If you have any questions or want to learn more about our services before your visit, feel free to give us a call at 781-233-0010. We look forward to welcoming you at Webster First where your financial well-being is our priority!

Operating Hours & Services

Our doors are open during convenient hours to serve you better: Monday through Wednesday from 9:00 AM to 4:00 PM, Thursday and Friday from 9:00 AM to 7:00 PM, and Saturday from 9:00 AM to 1:00 PM. Whether you need assistance with checking and savings accounts, auto loans, or credit card services, our dedicated team is ready to help. We also offer drive-thru banking for quick transactions like deposits and withdrawals. Additionally, if you're a member of a partner credit union, you can take advantage of our shared service center for basic transactions as well. Don't forget that we have an ATM available for your convenience as well!

Member Eligibility

At Webster First, we believe that becoming a member means joining a welcoming community where your financial well-being is our top priority. If you're wondering about eligibility, the good news is that many people can become part of our family! Generally, anyone who lives, works, or worships in certain areas can qualify for membership. It's all about connecting with people like you in our local community. To get the full scoop on who can join and what you might need, check out our detailed eligibility information here. Once you're ready to take the next step, opening an account with us is a breeze! You can find all the details on how to get started by visiting our account opening page here. If you have any questions or just want to chat about your options, don't hesitate to give us a call at (781) 233-0010. We're here for you at our branch located at 509 Main St Saugus Ma 01906. Joining Webster First is not just about banking; it's about being part of a supportive community that cares about your future!

Business Banking & Commercial Services

Financing Solutions Tailored for You

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $433 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $7 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $252,185,545, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Make Transactions Easy

In today's fast-paced world, having reliable merchant services is essential. Imagine processing payments seamlessly while keeping your customers happy. Our merchant services allow you to accept various payment methods efficiently, ensuring you never miss a sale. With tools designed to simplify transactions and enhance cash flow management, you can focus on what you do best growing your business. Located at 509 Main St Saugus Ma 01906 in Saugus, MA, we invite you to explore how our dedicated team can assist you. For more information or to get started, call us at (781) 233-0010. Your business deserves the best support; let's achieve success together!

Comprehensive List Of Services

ATM & Drive-Thru Services

For quick transactions, we have an ATM available at our branch, allowing you to withdraw cash or check balances without stepping inside. Our basic drive-thru banking provides a convenient option for deposits and withdrawals along with simple transactions perfect for those busy days when you're on the move. Additionally, if you're a member of partner credit unions, take advantage of our basic shared branch transactions where you can make deposits and withdrawals just like a local member. We invite you to discover all that Webster First has to offer! For more information about our services or assistance with opening an account, feel free to reach out at (781) 233-0010 or visit us in person at our Saugus location. Your financial journey starts here!

Business Banking Services

If you're an entrepreneur or small business owner, you'll find that our business banking offerings are equally comprehensive. We provide essential services such as merchant services for seamless payment processing and various types of business loans to help you grow your operations. With us by your side, managing your business finances becomes less daunting.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why at Webster First, we offer robust online and mobile banking features. With just a few taps on your smartphone or clicks on your computer, you can access your accounts anytime, anywhere. You can make payments, transfer funds, and even conduct person-to-person transactions effortlessly. We also support features like mobile payments, making it easier than ever to keep track of your finances on the go.

Personal Banking Solutions

For those looking to manage their finances with ease, our personal banking services offer everything from checking and savings accounts to tailored solutions like auto loans and vehicle financing. Imagine cruising down the highway in your dream car, made possible by our competitive auto loan rates. Plus, if you're considering buying a home or refinancing your current mortgage, we provide personalized support through our mortgage loans and refinancing options. We also recognize that life can bring unexpected challenges. That's why our personal loans and debt consolidation services are designed to help you regain control when needed most. And for those who enjoy earning rewards on their purchases, our credit cards with rewards can add extra value to your everyday spending.

Digital & Online Banking

Key Features

Our online banking platform provides 24/7 access to your accounts. Whether you're checking your balance, transferring funds, or paying bills, you can do it all at your convenience. Plus, with our mobile application, managing your money has never been easier. You can carry out transactions on-the-go, ensuring that you're always in control of your financial situation. For those who prefer paperless options, we offer e-statements that allow you to view your account statements electronically. This not only helps you stay organized but also contributes to a more environmentally friendly approach to banking. Additionally, our electronic signature authorization feature simplifies the process of signing documents from the comfort of your home.

Security and Ease of Use

Your security is a top priority at Webster First. Our online banking services are equipped with robust security measures to protect your personal information. You can feel confident knowing that your data is safe while you enjoy the user-friendly experience our platform provides. Additionally, sending money to friends or family is made simple with our person-to-person transfer feature. Whether it's splitting a bill or sending a gift, transferring funds has never been easier. With features like mobile payments available through our app, making purchases is quick and hassle-free. Just tap and go! In summary, at Webster First, we strive to make banking as accessible as possible while keeping your information secure. Explore the many benefits of our digital banking services today!

Financial Strength

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. We understand that trust is earned through consistent performance and reliability. That's why we're proud to share our strong financial standing with you. 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. We also have $240,268,106 in undivided earnings, which allows us to reinvest in innovative banking tools and stronger lending options to serve our members better. With $11,731 in used auto loans and $1,142,784,132 in total loans and leases, our lending capacity supports your financial goals across various sectors. 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 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 team. Net Shares (Funds available for lending and investments): $7,306,890. Total Share Accounts: 123,671, showing a strong and growing member base that trusts us with their finances. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. 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 509 Main St Saugus Ma 01906 or call 781-233-0010 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $178,494,479 in used vehicle loans and $57,179,823 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used vehicle, we provide flexible terms and competitive rates.

Business Loans

For business owners, our outstanding commercial loans totaling $252,185,545 provide the capital needed to grow and expand your business operations. If you're looking for funding to take your business to the next level, we're here to support you.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $80,068,156. Our knowledgeable staff can guide you through the process and help you find the best option that fits your budget and lifestyle.

Refinancing Options

If you're considering refinancing any existing loans or lines of credit, we encourage you to explore your options with us. We offer competitive rates and terms that could save you money over time. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Webster First, we are committed to providing you with transparent information so that you can make informed decisions regarding your financial future. To learn more about our loan offerings or if you're ready to apply for one today, visit our website or contact us directly at our Saugus branch. Let us help you take the next step towards achieving your financial goals!

Unsecured Credit Card Loans

Managing finances is crucial for maintaining peace of mind. We also offer flexible terms on unsecured credit card loans, with a total of $784,642 in loans helping members effectively manage their expenses. This can be an excellent way to handle unexpected costs while earning rewards on your purchases.

Loan Aggregator

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Webster First