Applications / Mortgage Analytics / Lenders / Massachusetts / Webster First Federal Credit Union
Worcester, MA · Credit union · NCUA · $1.5 billion assets · 336 loans in 2025
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336
loans originated, 2025
522
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Webster First Federal Credit Union, a Worcester lender, made a fifth fewer loans in 2025 while similar credit unions grew, and it buys loans from other lenders, which few of them do.
Its loans fell 20%, from 419 to 336, while similar lenders (credit unions making between half and twice as many loans) grew 7%. Few of them shrank as much. Its volume has swung widely since 2020, peaking at 638 in 2022, and the 2025 total is close to its 326 in 2018, so the fall may be a return to an ordinary year rather than a retreat.
It bought 30 loans in 2025, up from 11 a year earlier. Similar credit unions typically buy none, and it bought more than about nine in ten of them. Buying loans lets a lender add to its book beyond what it originates itself.
Its typical rate was 6.50%, down from 7.12% and below the 6.99% at similar lenders. None of its loans were higher-priced (a rate well above the average for similar loans), against 2.0% at its peers. Every loan was conventional.
Some 22.2% of its loans were in low- and moderate-income (LMI) neighborhoods, against 15.6% at similar lenders, more than at over eight in ten of them. Its share of LMI borrowers, 26.2%, was close to its peers' 27.5%. It lends in 22 counties across 7 states, mostly in Massachusetts.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Webster First Federal Credit Union took 522 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 42.0% · Refinance 31.0% · Home improvement 19.3% · Other 7.7%
Conventional 100.0% · of 336 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 301 | 89.6% |
| Connecticut | 14 | 4.2% |
| Rhode Island | 10 | 3.0% |
| New Hampshire | 8 | 2.4% |
| Florida | 1 | 0.3% |
| Maine | 1 | 0.3% |
| Vermont | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Worcester | 221 |
| Cambridge-Newton-Framingham | 45 |
| Boston | 30 |
| Providence-Warwick | 15 |
| Barnstable Town | 5 |
| Springfield | 5 |
| Manchester-Nashua | 3 |
| Rockingham County-Strafford County | 3 |
| Amherst Town-Northampton | 2 |
| Portland-South Portland | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300LI67PLCC1Z3P80 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 554996 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524557 | 1996–2017 |
Established 1 January 1934. Reported under HMDA 1996-2025.
Mergers, name changes, data editions and corrections: Webster First Federal Credit Union's data.
Webster First Federal Credit Union's data
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Webster First Federal Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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