Nutmeg State Credit Union

521 Cromwell Ave
Rocky Hill, CT 06067
(860) 513-5000
www.nutmegstatefcu.org

NCUA

OverView
Rates
Health
Reviews

Nutmeg State Credit Union is headquartered in Rocky Hill and is the 6^th largest credit union in the state of Connecticut. It is also the 592^nd largest credit union in the nation. It was established in 1935 and as of December of 2012, it had grown to 70 employees and 30,744 members. Nutmeg State Credit Union has a 5-star health rating.

Top 5-Year Jumbo CD Rate at Nutmeg State FCU in Connecticut - Local Only - 12/19/2011

In today's interest rate environment, it's rare to find Jumbo CD rates that are significantly higher than regular CD rates. That's not the case with a Jumbo CD offered at Nutmeg State Federal Credit U ...

Report an Issue

See Rates for: Savings | Money Market | CD | IRA

Nutmeg State Credit Union Savings Account Rates

Apy	Min	Max	Product
0.40%	$10k	-	HSA Checking
0.20%	-	-	Kidz Club
0.05%	$100	-	Regular Share
0.05%	$100	-	Club Account
0.05%	$100	-	Variable IRA
0.05%	$100	-	Variable Roth IRA
0.05%	$100	-	Variable CESA
0.05%	-	-	HSA Share

Nutmeg State Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.40%	$60k	-	Money Market Account

Nutmeg State Credit Union CD Rates

Apy	Min	Max	Product
1.60%	$100k	-	60 Month Jumbo CD
1.40%	$1k	-	60 Month CD
1.20%	$1k	-	48 Month CD
1.00%	$1k	-	36 Month CD
0.65%	$1k	-	24 Month CD
0.40%	$1k	-	18 Month CD
0.35%	$1k	-	12 Month CD
0.25%	$1k	-	9 Month CD
0.20%	$1k	-	6 Month CD
0.15%	$1k	-	3 Month CD

Nutmeg State Credit Union IRA Rates

Apy	Min	Max	Product
1.60%	$100k	-	60 Month Jumbo IRA
1.60%	$100k	-	60 Month Jumbo Roth IRA
1.60%	$100k	-	60 Month Jumbo CESA
1.40%	$1k	-	60 Month Fixed IRA
1.40%	$1k	-	60 Month Fixed Roth IRA
1.40%	$1k	-	60 Month Fixed CESA
1.20%	$1k	-	48 Month Fixed IRA
1.20%	$1k	-	48 Month Fixed Roth IRA
1.20%	$1k	-	48 Month Fixed CESA
1.00%	$1k	-	36 Month Fixed IRA
1.00%	$1k	-	36 Month Fixed Roth IRA
1.00%	$1k	-	36 Month Fixed CESA
0.65%	$1k	-	24 Month Fixed IRA
0.65%	$1k	-	24 Month Fixed Roth IRA
0.65%	$1k	-	24 Month Fixed CESA
0.40%	$1k	-	18 Month Fixed IRA
0.40%	$1k	-	18 Month Fixed Roth IRA
0.40%	$1k	-	18 Month Fixed CESA
0.35%	$1k	-	12 Month Fixed IRA
0.35%	$1k	-	12 Month Fixed Roth IRA
0.35%	$1k	-	12 Month Fixed CESA
0.25%	$1k	-	9 Month Fixed CESA
0.25%	$1k	-	9 Month Fixed IRA
0.25%	$1k	-	9 Month Fixed Roth IRA
0.20%	$1k	-	6 Month Fixed IRA
0.20%	$1k	-	6 Month Fixed Roth IRA
0.20%	$1k	-	6 Month Fixed CESA
0.15%	$1k	-	3 Month Fixed IRA
0.15%	$1k	-	3 Month Fixed Roth IRA
0.15%	$1k	-	3 Month Fixed CESA

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

NUTMEG STATE
NCUA #	855
BankRate Report	View
Year Chartered	1935
Employees	70
Primary Regulator
Assets and Liabilities
Assets	$347.18 million
Loans	$237.28 million
Deposits	$301.30 million
Equity Capital	$44.44 million
Loan Loss Allowance	$2.77 million
Unbacked Noncurrent Loans	$1.32 million
Real Estate Owned	$112,000
Historic Data - December 2011
Assets	$338.13 million
Equity Capital	$42.10 million
Loan Loss Allowance	$2.45 million
Unbacked Noncurrent Loans	$587,000
Profit Margin - Quarterly
Net Interest Margin	4.23%
Return on Assets	0.61%
Return on Equity	4.76%
Interest Income	$13.33 million
Non-Interest Income	$4.52 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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 Nutmeg State Credit Union had $1.43 million in non-current loans and owned real-estate with $47.21 million in equity and loan loss allowances on hand to cover it. This gives Nutmeg State Credit Union a Texas Ratio of 3.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Nutmeg State Credit Union held steady from 1.32% as of December 31, 2011 to 3.03% as of December 31, 2012, resulting in a negative change of 129.88%. This indicates that the balance sheet and financial strength for Nutmeg State Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Nutmeg State Credit Union has increased its total deposits by $6.52 million, resulting in 2.21% 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 Nutmeg State Credit Union has shown is above average.
Capitalization
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. Nutmeg State Credit Union has $347.18 million in assets with $47.21 million in equity, resulting in a capitalization level of 13.60%, which is excellent.