Fitchburg-based Workers Credit Union surpassed 100,000 members in 2018, while growing assets by nearly 10 percent to roughly $1.8 billion.

The credit union also helped more than 8,500 members buy homes and nearly 23,000 members buy vehicles in 2018.

Total loans grew about $140 million year-over-year. The credit union saw the most growth in business real estate loans and consumer loans, while seeing a slight decline in total volume on real estate loans.

Workers also launched an insurance division in 2018 and saw more than 28,500 members start using its mobile app.

“We’re happy to be the credit union that more than 100,000 people rely on to support their financial goals,” Workers Credit Union President and CEO Doug Petersen said in a statement. “We’re looking forwarding to growing in 2019 and offering more for our members across Massachusetts.”

This year, Workers is planning 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.

Additionally, Workers is building a new branch in Hudson, as well as building its new corporate headquarters in Littleton and renovating its existing location to further support its growth.

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Workers Credit Union Surpasses 100K Members and Grows Assets in 2018

by Banker & Tradesman time to read: 1 min
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