Webster First Spencer MA Credit Union | Affordable Vehicle Loans & ATM Access

Introduction

Welcome to Webster First in beautiful Spencer, MA! Located at 118 W Main St, our branch has proudly served the community since 1934, growing alongside our members and adapting to their financial needs. With a total membership of over 92,000 and assets exceeding $1.4 billion, we are dedicated to providing reliable banking solutions tailored for everyone. At Webster First, our commitment goes beyond traditional banking. We strive to create a supportive environment where members feel valued and empowered. Whether you're looking for personal banking services like checking and savings accounts, or need financing options such as auto loans or mortgages, we've got you covered. Our total deposits stand at an impressive $31,296,104, reflecting the trust our community places in us. Our leadership team, guided by CEO John Thomasian and Board President Christopher Daoust, is passionate about fostering financial well-being among our members. With a robust net worth of $261,871,848 and cash reserves of $5,138,913, we ensure that your funds are safe and accessible. While members can visit us at our Spencer location, official correspondence should be sent to 118 West Main Street, Spencer, MA 1562 if necessary. We invite you to explore all that Webster First has to offer by visiting our website at websterfirst.com. We're here to help you achieve your financial goals! If you have questions or need assistance, please don't hesitate to call us at 508-885-4188. Join us today on your journey towards financial success!

Branch History & Mission

Community Commitment

We take great pride in being part of Spencer's vibrant community. Our branch actively participates in local events and supports various initiatives aimed at uplifting those around us. Whether it's sponsoring local sports teams or collaborating with non-profits, we strive to give back and make a difference. While you can visit us at 118 W Main St, official correspondence should be sent to 118 West Main Street, Spencer, MA 1562 if needed.

Join Us

Our friendly staff is eager to welcome new members into the Webster First family. Explore how we can support your financial dreams while making an impact in the community together! Visit us during our operating hours Monday through Tuesday from 8:30 am to 4:00 pm, Wednesday from 8:30 am to 12:00 pm, Thursday until 7:00 pm, and Friday until 5:00 pm or call us at 508-885-4188 for more information. Experience the benefits of membership today by visiting Webster First or learn more about joining here. Together, let's build a brighter future!

Our Evolution

Since our opening in 1934, Webster First has undergone significant transformations while staying true to our core mission: to provide reliable financial services while fostering community growth. Originally established to support local families and individuals, we have expanded our offerings over the years. From personal banking options like checking and savings accounts to auto loans and mortgages, our goal remains focused on enhancing the lives of our members. In addition to traditional banking services, we have embraced digital advancements to make banking more accessible. Our commitment includes offering online and mobile banking services that allow members to manage their finances conveniently from anywhere. We also prioritize inclusivity with ADA-compliant facilities and services tailored for everyone in our community.

Our Mission

At Webster First, we believe that financial health is key to a thriving community. Our mission is not only about providing quality financial products but also about supporting our local area through outreach programs and partnerships. We are dedicated to helping our members achieve their financial goals while contributing positively to the Spencer community. We understand that every member's journey is unique. That's why we offer personalized assistance whether you are applying for a loan or looking for ways to save more effectively. Our team is here to listen and help guide you through your financial decisions.

Branch Location & Accessibility

Convenient Access

Our branch is situated near local landmarks that make it a familiar stop for many. With ample parking available, you can visit us without any hassle. We also prioritize accessibility features, ensuring that all members can comfortably access our services. Ramps and ADA-compliant facilities are in place to assist anyone who may need extra support.

Get in Touch!

If you have questions or want to know more about how we can assist you, don't hesitate to call us at 508-885-4188. Our team is eager to welcome you! Visit us today at our Spencer branch where your financial goals become our mission!

Operating Hours Designed for You

We understand that life can be busy! That's why we offer flexible operating hours to accommodate your schedule. You can visit us Monday through Tuesday from 8:30 AM to 4:00 PM, on Wednesday from 8:30 AM to 12:00 PM, Thursday until 7:00 PM, and Friday until 5:00 PM. No matter when you stop by, we're ready to help with everything from checking accounts to auto loans.

Services Tailored for Your Needs

At Webster First, we pride ourselves on offering a range of services that cater to your financial needs. From personal banking options like checking and savings accounts to auto loans and credit cards with rewards, we have something for everyone. Plus, enjoy the convenience of drive-thru banking for quick transactions or shared service center options if you're a member of another partnering credit union.

Member Eligibility

Joining the Webster First community means stepping into a world of support and belonging. If you're curious about becoming a member, we welcome you with open arms! To be eligible, you simply need to live, work, worship, or attend school in certain areas of Massachusetts, or have a family member who is already part of our credit union. This means that many people in our community can enjoy the benefits we offer. You can find all the specific details about eligibility by visiting this link. Once you know you're eligible, opening an account is a breeze! We're here to help guide you through the process. You can start your journey by checking out our online account opening page at this link. If you have any questions or need assistance, feel free to give us a call at (508) 885-4188. We're excited to have you as part of our Webster First family!

Business Banking & Commercial Services

Commercial Loan Options

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

In addition to our loan options, we offer comprehensive merchant services designed to simplify transactions. Imagine being able to process payments quickly and efficiently, enhancing customer satisfaction while keeping your cash flow smooth. Whether you need mobile payment options or point-of-sale systems, our services can help you focus on what matters most growing your business. Visit us at 118 W Main St Spencer Ma 01562 in Spencer, MA, or give us a call at (508) 885-4188 to explore how our business banking and commercial services can elevate your success!

Comprehensive List Of Services

Additional Services

Our commitment extends beyond basic banking needs. We provide simple access through our drive-thru banking, allowing for quick deposits and withdrawals without leaving your car. For those who bank with partner credit unions, we offer basic shared branch transactions as well. Our ATMs are readily available for essential functions like balance checks and cash withdrawals. At Webster First in Spencer, MA, we're dedicated to making banking easy and accessible for everyone in our community. If you're looking for comprehensive financial solutions tailored just for you, please reach out at 508-885-4188 or visit us today! We invite you to explore how we can assist with all your financial needs because at Webster First, you're not just a member; you're part of our family!

Business Banking Services

If you're a small business owner, you'll appreciate our dedicated business banking services. From merchant services that simplify payment processing to tailored business loans designed to fuel your growth, we're here to support your entrepreneurial journey.

Digital Banking Features

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking features that let you manage your accounts anytime, anywhere. With our mobile application, you can check balances, make transfers, and even pay bills from the palm of your hand. Our members enjoy secure access to their accounts through services like ATM and cash withdrawal capabilities, ensuring that your money is always within reach.

Personal Banking Solutions

For those managing everyday finances, our personal banking services are designed with convenience in mind. You can choose from various checking and savings accounts that help you grow your money while providing easy access whenever you need it. If you're considering purchasing a vehicle, our auto loans and vehicle financing options ensure that you can hit the road without breaking the bank. We also offer mortgage loans and refinancing to help you achieve your dream home or lower your existing mortgage payments. Sometimes, life brings unexpected expenses, and that's where our personal loans and debt consolidation services come into play. These options can help ease your financial burdens and allow you to regain control over your finances. Plus, don't forget about our credit cards with rewards, making every purchase more rewarding!

Digital & Online Banking

Key Features for Your Convenience

Our 24/7 online banking services ensure you have full control over your accounts around the clock. Whether you're checking your balance, transferring funds, or reviewing transactions, everything is just a click away. You can also take advantage of electronic statements, which are available for those who prefer a paperless approach, making it easy to stay organized and reduce clutter. Need to send money quickly? Our person-to-person transfer feature lets you send money to friends and family with just a few taps on your mobile device. Speaking of mobile devices, our user-friendly mobile application means you can manage your accounts on the go. Plus, with mobile payments enabled, making purchases is as simple as tapping your phone.

Security You Can Trust

Your security is our priority. We provide electronic signature authorization for added peace of mind when completing important transactions. With these measures in place, you can feel confident knowing that your information is protected while you enjoy all the benefits of modern banking. At Webster First, we believe that banking should be accessible and straightforward. Our digital tools are designed to help you manage your finances effortlessly while keeping everything secure and user-friendly. Experience the ease of online banking today!

Financial Strength

Growing Member Base

We have built a strong community with a total of 123,671 share accounts, showing that many trust us with their finances. This growing member base reflects our dedication to providing excellent service and support tailored to your unique needs. 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 118 W Main St Spencer MA 01562 or call us at 508-885-4188 to learn more about how we can help you achieve your financial goals.

Member Savings and Growth

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. We prioritize our members over traditional banking practices; with no non-member deposits reported, we focus entirely on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operational efficiency is reflected in our current net income of $0, indicating a balanced approach to growth while ensuring we remain a reliable partner for all your banking needs. 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.

Reinvesting for Your Benefit

With $240,268,106 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our commitment to supporting your financial goals is evident through our substantial lending capacity. With $11,427,841,132 in total loans and leases including $11,731 in used auto loans we are here to help you achieve your dreams across various sectors.

Strong Financial Health

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.

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 eyeing a brand-new model or a reliable pre-owned vehicle, we have flexible financing solutions tailored for you.

Business Loans

For business owners, our outstanding commercial loans totaling $252,185,545 provide the capital needed to grow and expand. We understand the challenges businesses face and are here to support your journey toward success. At Webster First, we value transparency and strive to make borrowing straightforward. If you're considering refinancing or want to know more about eligibility options for any of our loan products, feel free to reach out. Our team is dedicated to helping you find the right solution for your financial needs. For more information or to discuss your options further, please contact us at (508) 885-4188 or visit us at 118 W Main St Spencer Ma 01562 in Spencer. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Credit Lines

For those who need more flexibility, our total credit lines amount to $432,055,710. These options allow you to borrow as needed while only paying interest on what you use.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $80,068,156, make buying or refinancing simple. We provide guidance throughout the process and offer competitive rates that fit your budget.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $784,642 in loans helping members manage their finances effectively. Enjoy the convenience of credit for everyday purchases or unexpected expenses without needing collateral.

Loan Aggregator

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WEBSTER FIRST FEDERAL CREDIT UNION - Spencer, MA