In search of the honest and industrious

In the early 1900s, John Suominen owned a successful Fitchburg printing company. But he was concerned about the economic welfare of fellow immigrants from Finland. In 1911, he met with state officials about launching a credit union for his countrymen. In 1914, he was granted a charter for Workers Credit Union, which stated that the board of directors could only recommend members who were “honest, industrious and of good habits.” Fortunately, Massachusetts is full of such fine folks. Since its founding, Workers has merged with several other credit unions and grown to 16 branches with 96,000 members and $1.6 billion in assets.

Here are some of the key dates in the history of Workers Credit Union:

  • 1914 – Opened on Wallace Avenue in Fitchburg. John Suominen was the first Manager (position now called President/CEO) and Franz Syrjala was the first President (now called Chairman of the Board)
  • 1979 – Workers moves to Main Street in Fitchburg (current location)
  • 1980 – Acquires Gardner Municipal, Nichols and Stone and Orange credit unions
  • 1982 – Cleghorn CU acquired
  • 1984 – Gardner Polish-American CU acquired
  • 1992 – Atlantic Union College CU and Heritage CU acquired
  • 1992 – Townsend branch opens
  • 1993 – Nashoba CU acquired
  • 1994 – Leominster Branch opens (Twin City Plaza)
  • 1998 – Merger with Fitchburg Postal Employees CU
  • 2003 – Acton Branch opens
  • 2004 – Merger with Westford Municipal Employees CU and Chelmsford CU
  • 2006 – Mergers with Crobank CU and Peoples Community CU
  • 2007 – Merger with Peoples Community CU branch at Water Tower Plaza in Leominster
  • 2007 – Acton-Boxborough Regional High School branch opens
  • 2008 – Leominster Walmart in-store branch opens
  • 2015 – Westford and Monty Tech High School branches open
  • 2015 – Site purchased for new corporate headquarters
  • 2016 – Branch renovation project kicks off
  • 2017 – Acquired and partnered with insurance agency, Braley Wellington Group
  • 2017 – Athol Branch opens

A Safe Place for Your Money

As a member of Workers, take comfort in knowing that every dollar you deposit is safe, secure, and 100% insured. All deposits are fully insured by a combined insurance coverage of the NCUA, up to $250,000, and the MSIC covers the rest. Now that’s safe keeping.