FITCHBURG, Mass. — Workers' Credit Union recently received the highest possible rating–"outstanding"–for its lending practices by the Massachusetts Division of Banks, the credit union reported.
In awarding the rating, the regulator noted that the credit union loan-to-deposit ratio was "extremely high for the past two years and that it did an excellent job" serving the low- to moderate-income families, according to the $580 million credit union.
Thirty-four percent of all our loans were to low- to moderate-income households, said John Manfroni, assistant vice president and community reinvestment officer for Workers' CU.
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"Our goal is to serve as many people as possible within our field of membership and the community," Manfroni said.
Workers' CU serves more than 63,000 members.
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