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