Connecticut Federal Credit Union

Connecticut Federal Credit Union Locations
127 WASHINGTON AVE EAST BUILDING, 2ND FLOOR
North Haven, CT 06473
www.ctfederalcu.org

NCUA

Connecticut Federal Credit Union is headquartered in NORTH HAVEN and is the 94th largest credit union in the state of Connecticut. It is also the 5,091st largest credit union in the nation. It was established in 1979 and as of December of 2012, it had grown to 2 employees and 1,884 members. Connecticut Federal Credit Union has a 5-star health rating.

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Data for Q4 2012


Institution Statistics


CONNECTICUT
NCUA #23411
BankRate ReportView
Year Chartered1979
Employees2
Primary Regulator

Assets and Liabilities

Assets$6.75 million
Loans$780,000
Deposits$5.97 million
Equity Capital$774,000
Loan Loss Allowance$9,000
Unbacked Noncurrent Loans$14,000

Historic Data - December 2011

Assets$6.45 million
Equity Capital$789,000
Loan Loss Allowance$13,000
Unbacked Noncurrent Loans$10,000

Profit Margin - Quarterly

Net Interest Margin7.86%
Return on Assets-0.19%
Return on Equity-1.68%
Interest Income$203,000
Non-Interest Income$76,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Connecticut Federal Credit Union had $14,000 in non-current loans and owned real-estate with $783,000 in equity and loan loss allowances on hand to cover it. This gives Connecticut Federal Credit Union a Texas Ratio of 1.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Connecticut Federal Credit Union held steady from 1.25% as of December 31, 2011 to 1.79% as of December 31, 2012, resulting in a negative change of 43.40%. This indicates that the balance sheet and financial strength for Connecticut Federal Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Connecticut Federal Credit Union has increased its total deposits by $311,000, resulting in 5.49% 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 excellent.
Capitalization4
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 $6.75 million in assets with $783,000 in equity, resulting in a capitalization level of 11.60%, which is above average.
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