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127 Washington Ave Ste 2
North Haven, CT 06473

Connecticut Federal Credit Union is headquartered in NORTH HAVEN and is the 89th largest credit union in the state of Connecticut. It is also the 4,974th largest credit union in the nation. It was established in 1979 and as of December of 2013, it had grown to 2 employees and 1,831 members. Connecticut Federal Credit Union has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Connecticut Federal Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Connecticut Federal Credit Union had $12,000 in non-current loans and owned real-estate with $774,000 in equity and loan loss allowances on hand to cover it. This gives Connecticut Federal Credit Union a Texas Ratio of 1.55% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Connecticut Federal Credit Union decreased slightly from 1.79% as of December 31, 2012 to 1.55% as of December 31, 2013, resulting in a positive change of 13.29%.This indicates that the balance sheet and financial strength for Connecticut Federal Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Connecticut Federal Credit Union has decreased its total deposits by $-108,000, resulting in -1.81% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Connecticut Federal Credit Union has shown is average.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Connecticut Federal Credit Union has $6.63 million in assets with $774,000 in equity, resulting in a capitalization level of 11.67%, which is excellent.

Institution Statistics

Overall
NCUA #23411
Year Chartered1979
Employees2
Primary Regulator
Assets and Liabilities
Assets$6.63 million
Loans$793,000
Deposits$5.86 million
Equity Capital$764,000
Loan Loss Allowance$10,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$0
Historic Data - December 2012
Assets$6.75 million
Equity Capital$774,000
Loan Loss Allowance$9,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.63%
Return on Assets-0.15%
Return on Equity-1.31%
Interest Income$202,000
Rates

Sorry, we do not have rate data for Connecticut Federal Credit Union

Locations


Connecticut Federal Credit Union Locations
Branch Office127 WASHINGTON AVE STE 2NORTH HAVEN, CT 06473