What is a Credit Union?

Woburn Municipal Federal Credit Union is part of a long-standing tradition in personal finance management. The credit union concept originated in Germany during the mid-1800s. A group of farmers, tired of high prices and outrageous interest rates, combined their money to buy supplies and establish a common pool to borrow from at lower interest rates.

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Membership

Once you become a member of the Woburn Municipal Federal Credit Union, you are a member for life, regardless of your employment or residence.

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Woburn Business Association

Woburn Municipal Federal Credit Union is a not-for-profit, full-service financial institution that is locally owned and operated by its members.

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Board & Supervisors

We are governed by a member-elected Board of Directors. Your Board of Directors establishes loan and savings policies and directs the affairs of the Woburn Municipal Federal Credit Union.

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Annual Meeting Report

The Annual Meeting was held on Tuesday June 21, 2016. Members had the opportunity to vote, listen to a report regarding the state of the credit union and learn about the new initiatives that the credit union will be presenting to the membership in the coming months.

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