2015 ANNUAL REPORT

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Community Involvement
  • Workers Credit Union Launches Local Business Acceleration Program

    2/17/17

    For Immediate Release– Workers Credit Union has introduced a new loan and line of credit program for small businesses.

    "We hear often, from small businesses, that they need a fast and simple way to access capital, so we created a special program that provides a simple application process and fast turnaround times," said Michael Bordenca, assistant vice president, commercial lender, commercial lending for Workers Credit Union.

    Workers Business Accelerator program provides loans or lines of credit up to $75,000, which can be used for capital improvements and other business-related expenses. According to Bordenca, loan rates are very competitive.

    "Typically, most applicants receive an answer within 48 hours," Bordenca said. "If people have lines of credit and want to consolidate, purchase equipment or need cash to deal with slow receivables, this is a great option."

    Workers Credit Union, home of the $3.3M GiveBack program, is headquartered in Fitchburg, Mass. With assets of $1.4 billion, the credit union serves over 91,000 members from sixteen offices in Acton, Chelmsford, Fitchburg, Gardner, Groton, Lancaster, Leominster, Lunenburg, Orange, Townsend, Westford and Workers Online at workerscu.com..

     
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    Credit union offering free home appraisals

    1/20/17

    Westford, Mass. (January 21, 2017) – Workers Credit Union is offering a free home appraisal to anyone who applies for a mortgage over the next few months.

    "We were looking for another way to give back to our members and thought this would be a great way to help future homeowners with the home-buying process," said Sandra Sagehorn-Elliott, executive vice president, COO, for Workers Credit Union. "It is a wonderful time to buy a home and because of the low mortgage rates, it can be cheaper than renting in many communities."

    The program is available to anyone who applies for a mortgage between Jan. 21 and March 21. More information can be found on Workers Credit Union's website, www.workerscu.com.

    Workers Credit Union, home of the $3.5M GiveBack program, is headquartered in Fitchburg, Mass. With assets of $1.4 billion, the credit union serves over 91,000 members from sixteen offices in Acton, Chelmsford, Fitchburg, Gardner, Groton, Lancaster, Leominster, Lunenburg, Orange, Townsend, Westford and Workers Online at workerscu.com.

     
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    Over 100,000 Meals Prepared For Local Pantries

    1/19/17

    Leominster, Mass. (January 19, 2017) – To commemorate Dr. Martin Luther King Jr.'s Day of Service, a group of volunteers four hundred strong assembled at the DoubleTree by Hilton Leominster on Thursday evening; together, they packaged more than 100,000 meals for 20 local food pantries.

    United Way of North Central Massachusetts organized the event, an effort to ensure that local families won’t go hungry, according to Phil Grzewinski, president of the local nonprofit organization that focuses on health, education and income initiatives.

    "This is just incredible, the caring power of our community," Grzewinski said. "It is our understanding that we set a record for the most meals packaged in Massachusetts for a single event."

    Volunteers worked in teams of 14 to assemble, package, seal and box nutritious meals of rice and beans, macaroni and cheese and other meals. They also had the opportunity to sample the food at the event. "Virtually everyone is surprised at how delicious the food is," Grzewinski said.

    "We can’t thank our volunteers and sponsors enough," said Fran Longton, volunteer manager for United Way of North Central Massachusetts who oversees United Way's Combat Hunger initiative, which was launched four years ago to help keep local families from going hungry.

    "We want to extend a special thanks to Aubuchon Hardware, DoubleTree by Hilton, Phil and Debbie Richards, Research Results, Inc. and Dunkin' Donuts, kcmc management, Inc., for making this event possible," said Longton.

    Volunteers from throughout the community participated in the event. Larger teams included 55 volunteers from Aubuchon Hardware, which was also a premier sponsor of the event; 31 volunteers from Research Results, Inc.; 18, United Parish of Lunenburg; 12, Leominster Credit Union; 12, AIS; 12, Community Healthlink; and 11 from Parker Hannafin. In addition, 12 volunteers from Tyco Simplex Grinnell and 30 students from Oakmont Regional High School in Ashburnham did preparation work prior to the event.

    The benefit of using volunteers is that the final cost of each meal is around .34 each.

    The meals will be distributed to food pantries in Athol, Leominster, Fitchburg, Gardner, Devens, Pepperell, Templeton, Winchendon and Westminster.

    The United Way of North Central Massachusetts, www.uwncm.org, serves the communities of Ashburnham, Ashby, Athol, Ayer, Devens, Fitchburg, Gardner, Groton, Harvard, Hubbardston, Leominster, Littleton, Lunenburg, Petersham, Pepperell, Phillipston, Royalston, Shirley, Templeton, Townsend, Westminster and Winchendon.

     
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    Home Buying Seminar planned for Jan. 21

    1/11/17

    Westford, Mass. (January 11, 2017) – Workers Credit Union is hosting a home buying seminar Jan. 21 at their Westford branch

    "This will be a great program and for anyone who attends the seminar and applies for a mortgage will receive a free home appraisal," said Steve Turbide, senior mortgage originator for Workers Credit Union.

    Turbide and Justin Melo, a licensed local realtor, will discuss: how to find and evaluate the ideal home; understanding negotiations and the home-buying process; financing options for every type of home and home-buyer; and overcoming credit road block.

    The seminar is Jan. 21, 1 p.m. to 3 p.m., at Workers Credit Union's Westford branch, 294 Littleton Rd. It is free and open to the general public, but seating is limited. To reserve a place, please call 978-353-7175 or register on Facebook at www.facebook.com/workerscreditunion or www.workerscu.com.

     
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  • Table of Plenty

    12/20/16

    Workers Supports HospitalChelmsford, Mass. (December 20, 2016) –

    Debbie Kendrick and Maureen McKeown from Table of Plenty in Chelsmford, Inc. thank Workers Credit Union's Michelle Robbins, Christina Martel and Josh Williams for their $11,500 contribution toward the weekly meal program.

    Table of Plenty in Chelmsford Receives an Early Christmas Surprise

    Table of Plenty in Chelmsford, Inc. received an early Christmas surprise Tuesday night—an $11,500 donation from Workers Credit Union that will go toward the cost of providing free weekly meals to local families.

    The non-profit organization consists of volunteers who serve a free weekly meal to alleviate hunger and social isolation for individuals and families in the town. According to Debbie Kendrick, a volunteer, the program has served 25,000 meals since Maureen McKeown founded it nearly seven years ago.

    "We are pleased that we can support such an important community program," said Sandra Sagehorn-Elliott, executive vice president and COO of Workers Credit Union.

    Every Tuesday night, between 5 p.m. and 6 p.m., the program serves approximately 70 individuals at First Parish Unitarian Universalist Church in Chelmsford.

    Workers Credit Union, home of the $3.5M GiveBack program, is headquartered in Fitchburg, Mass. With assets of $1.4 billion, the credit union serves over 91,000 members from sixteen offices in Acton, Chelmsford, Fitchburg, Gardner, Groton, Lancaster, Leominster, Lunenburg, Orange, Townsend, Westford and Workers Online at workerscu.com.

     
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    Holiday Donations

    12/7/16

    Workers Giveback Holiday Donations

    Workers Supports Hospital

    As part of Workers Credit Union’s Charitable GiveBack program, Ivette Font (left) and Denise Santana, from the Fitchburg branch, collect gifts for The ARC of Opportunity's Annual Giving Tree, who will distribute the gifts to children with disabilities.

    Workers Supports Hospital

    As part of Workers Credit Union’s Charitable GiveBack program, Aggie Gordon (left) and Kadidiatou Fofana, from the Townsend branch, collect holiday toys and food for Townsend Ecumenical Outreach (TEO), as well as sponsoring a 'giving tree' which will also benefit Townsend residents.

    Workers Supports Hospital

    As part of Workers Credit Union's Charitable GiveBack program, Betty-Ann Berube (left) and Claudia Romero, from the Water Tower Leominster branch, collect holiday toys and food for Kylee's Kare Kits for Kidz in Leominster.

     
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    Dog Park Check Presentation

    12/1/16

    Workers Supports Hospital(December 1, 2016) –

    Fitchburg's first dog park is one step closer to reality thanks to an $11,500 donation from Workers Credit Union.

    Fitchburg's Proposed Dog Park Achieves Fundraising Goal

    "This is just great news, this donation gets us to our anticipated fundraising goal for the matching grant that was received by the city," said Sam Squailia, president of Friends of Fitchburg DOGS, Inc., a nonprofit group that is leading the way for Fitchburg’s first dog park at Coolidge Park.

    According to Doug Petersen, president and CEO of Workers Credit Union, the donation is the credit union's way of saying thanks to the community, which has been instrumental to their success. "One of our key tenets is to give back, whether it’s to great community projects like this or our staff volunteering in the community."

    The city recently announced it received a grant from the Stanton Foundation for construction of the new dog park. One of the grant requirements is that the city fund 10 percent of the total project cost, or $23,000.

    Friends of Fitchburg DOGS, Inc. agreed to raise the funds, so no city money would be used for the project. The group had raised half of the needed funds, when Workers stepped up with its contribution bringing the total to the full 10 percent of the matching funds required.

    It is anticipated that construction will begin next spring or summer.

    Workers Credit Union, home of the $3.5M GiveBack program, is headquartered in Fitchburg, Mass. With assets of $1.4 billion, the credit union serves over 91,000 members from sixteen offices in Acton, Chelmsford, Fitchburg, Gardner, Groton, Lancaster, Leominster, Lunenburg, Orange, Townsend, Westford and Workers Online at workerscu.com.

     
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    Workers Supports Littleton High School Robotics Team

    11/16/16

    Workers Supports Hospital(November 16, 2016) –

    Supporting Local High Schools

    As part of Workers Credit Union's Charitable Giveback program, Brianna DeBlois from the Acton branch, presents a $2500 check to Littleton High School's FIRST Robotics team, which was established by the Littleton STEM Educational Foundation. The students will design and build a robot that competes against other schools. Left to right: Abby Raymond, Sam Besse, Brendan Crowe, Josh Harvey, Nathan Johnson and Brianna DeBlois.

     
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