Workers surpasses $1.5B in assets
Workers Credit Union saw its assets grow by nearly 15 percent in 2016.
At its annual meeting in Leominster on Thursday, the Fitchburg-based Workers Credit Union reported its assets grew 14.29 percent to $1.51 billion, the highest growth in credit unions across the state, it said.
Net loans grew 12.28 percent to $989.6 million, and strong demand from customers for real estate, auto, commercial, and other types of loans resulted in 11,000 loan closures totaling $390 million.
Workers also said it led other Massachusetts credit unions with its total shares growth rate of 13.79 percent to $989.6 million.
Because of its strong performance over the past couple of years, Workers has been able to reward its members by depositing $3.3 million into their accounts last month, a figure that was based on saving and loan balances in 2016.
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