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, it’s not difficult to find such fine folks. Since its founding, Workers has merged with several other credit unions and operates branches all over Massachusetts with over 105,000 members.

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
  • 1980 – Acquires Gardner Municipal, Nichols and Stone and Orange Credit Unions
  • 1982 – Cleghorn Credit Union acquired
  • 1984 – Gardner Polish-American Credit Unionacquired
  • 1992 – Atlantic Union College Credit Union and Heritage Credit Union acquired
  • 1992 – Townsend branch opens
  • 1993 – Nashoba Credit Union acquired
  • 1994 – Leominster Branch opens (Twin City Plaza)
  • 1998 – Merger with Fitchburg Postal Employees Credit Union
  • 2003 – Acton Branch opens
  • 2004 – Merger with Westford Municipal Employees Credit Union and Chelmsford Credit Union
  • 2006 – Mergers with Crobank Credit Union and Peoples Community Credit Union
  • 2007 – Merger with Peoples Community Credit Union 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
  • 2017 – Acquired and partnered with Braley & Wellington Insurance Group
  • 2017 – Athol Branch opens
  • 2020 –  Hudson and Worcester PlanItTM locations open
  • 2020 – New Littleton Headquarters is complete

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.