Workers Federal Credit Union in Massachusetts vs the state
11.1%Denial rate-5.10 pts vs state
13.3%Decision denial rate-6.63 pts vs state
68.8%Origination rate+6.20 pts vs state
6.38%Median rate-0.25 pts vs state
-0.12Rate spread (pts)-0.21 pts vs state
$161kMedian applicant income
1,127Loans originated
182Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,078 | 644 | 23.1% | 7.75% | #37 |
| 2024 | 1,266 | 831 | 17.6% | 7.38% | #35 |
| 2025 | 1,638 | 1,127 | 11.1% | 6.38% | #26 |
What Workers Federal Credit Union lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Workers Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 588 | 419 | 53 | 9.0% |
| Worcester County | 528 | 352 | 68 | 12.9% |
| Suffolk County | 185 | 135 | 11 | 5.9% |
| Essex County | 121 | 85 | 15 | 12.4% |
| Norfolk County | 65 | 47 | 7 | 10.8% |
| Franklin County | 51 | 31 | 6 | 11.8% |
| Plymouth County | 45 | 27 | 8 | 17.8% |
| Bristol County | 24 | 15 | 5 | 20.8% |
| Barnstable County | 13 | 7 | 2 | 15.4% |
| Hampden County | 9 | 5 | 2 | 22.2% |
Other large lenders in Massachusetts
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 17,476 | 29.0% | 7.40% |
| Rocket Mortgage | C | 8,698 | 15.9% | 6.75% |
| Bank of America | F | 7,784 | 30.1% | 5.99% |
| Guaranteed Rate | B | 7,313 | 4.5% | 6.50% |
| Eastern Bank | B | 6,216 | 31.8% | 6.99% |
| Rockland Trust | C | 5,990 | 28.6% | 6.99% |
| Leader Bank | A | 5,913 | 1.8% | 6.25% |
| United Shore Financial Services | B | 5,898 | 12.8% | 6.50% |
| Crosscountry Mortgage | B | 5,634 | 3.8% | 6.63% |
| TD Bank | D | 3,778 | 26.9% | 7.44% |
Frequently asked questions
Massachusetts: 1,638 applications in 2025, of which 1,127 were originated and 182 denied.
11.1% of all applications, or 13.3% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Workers Federal Credit Union originated in Massachusetts in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Workers Federal Credit Union's own HMDA filing for properties located in Massachusetts, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology