Waterloo Football Club celebrated its 125th season in 2007–08, having been founded in 1882 by brothers Sidney and Harry Hall and George Abercrombie.

The most successful team, captained by Tom Benbow and featuring long serving veterans Tom White Jr, Matt Daley, Sean Miller, Martin Bell, Andrew Riley and Mike Bates won their league in the 2002–03 season, gaining promotion and then winning the Lancashire Cup the following season.

In 2022 the Senior colts won the Lancashire Cup in a 22–17 win over a Warrington side at Fleetwood RUFC.

The full list of Waterloo players to earn international caps is as follows : England : Alan Ashcroft 1956–59, Jasper Bartlett 1951, Reg Bazley 1952–55, Norman Bennett 1948, Eric Bole 1946, John Cain 1950, Roy Foulds 1929, Dick Greenwood 1966–69, Dickie Guest 1939–49, Jack Heaton 1935–47, Chris Jennins 1967, Roy Leyland 1935, Humphrey Luya 1948–49, Graham Meikle 1934, Steve Meikle 1929, Joe Periton 1925–30, Sam Perry 1948, Gordon Rimmer 1949–54, Jim Syddall 1982–84, Peter Thompson 1959, Bert 'HB' Toft 1936–39, Dick Uren 1948–52, Harold Uren 1946, Jack Wallens 1927, Bob Weighill 1947–48, Gill Burns, Sonia Harris, Ross Green 2007 Ireland : Robin Godfrey 1954, Fiona Neary, Joleen Morton Italy : Nicola Mazzucato 2007.

Wales : Raymond Bark-Jones 1933, Watcyn Thomas 1931–33, Kylie Wilson, Rachel Brown, Jennifer Davies.