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Overview / Commentary
60 Colver Avenue
Groton, CT 06340

Scient Federal Credit Union is headquartered in Groton and is the 10st largest credit union in the state of Connecticut. It is also the 837th largest credit union in the nation. It was established in 1983 and as of December of 2013, it had grown to 49 employees and 15,661 members. Scient Federal Credit Union's money market rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must work for a pharmaceutical company or related business. Also open to those who live, work, worship or attend school in one of the 12 census tracts in New London, Connecticut (6901, 6902, 6903, 6904, 6905, 6907, 6908, 7022.01, 7022.02, 7023, 7025, 7027) - See Details

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Data for Q4 2013

Institution Health


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, 2013 Scient Federal Credit Union had $674,000 in non-current loans and owned real-estate with $20.03 million in equity and loan loss allowances on hand to cover it. This gives Scient Federal Credit Union a Texas Ratio of 3.37% 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 Scient Federal Credit Union decreased dramatically from 6.52% as of December 31, 2012 to 3.37% as of December 31, 2013, resulting in a positive change of 48.42%.This indicates that the balance sheet and financial strength for Scient Federal Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Scient Federal Credit Union has decreased its total deposits by -$2.17 million, resulting in -1.1% 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 Scient Federal Credit Union has shown is average.



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. Scient Federal Credit Union has $227.1 million in assets with $20.03 million in equity, resulting in a capitalization level of 8.82%, which is average.

Institution Statistics

NCUA #24029
Year Chartered1983
Primary Regulator
Assets and Liabilities
Assets$227.10 million
Loans$197.66 million
Deposits$194.97 million
Equity Capital$18.59 million
Loan Loss Allowance$1.43 million
Unbacked Noncurrent Loans$674,000
Real Estate Owned$0
Historic Data - December 2012
Assets$217.23 million
Equity Capital$17.92 million
Loan Loss Allowance$1.21 million
Unbacked Noncurrent Loans$674,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.75%
Return on Assets0.19%
Return on Equity2.29%
Interest Income$9.15 million
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Scient Federal Credit Union Savings Account Rates

0.15%--Variable IRA Share
0.15%--Variable Roth IRA Share
0.15%--Variable Coverdell IRA Share
0.10%--Regular Savings
0.10%--All Purpose Club Account
0.10%--Christmas Club Account
0.10%--Tax Club Account
0.10%--Vacation Club Account

Scient Federal Credit Union Money Market Rates

0.55%$200k-Money Market

Scient Federal Credit Union CD Rates

1.70%$500-60 Month Term Certificate
1.65%$500-60 Month Step-Up Plus Term Certificate
1.50%$500-48 Month Term Certificate
1.45%$500-48 Month Step-Up Plus Term Certificate
1.30%$500-36 Month Term Certificate
1.25%$500-36 Month Step-Up Plus Term Certificate
0.75%$500-24 Month Term Certificate
0.70%$500-24 Month Step-Up Plus Term Certificate
0.50%$500-12 Month Term Certificate
0.25%$500-6 Month Term Certificate

Scient Federal Credit Union IRA Rates

1.90%$500-60 Month IRA Certificate (Traditional,Roth,CESA)
1.85%$500-60 Month Step-Up IRA Certificate
1.65%$500-48 Month IRA Certificate (Traditional,Roth,CESA)
1.60%$500-48 Month Step-Up IRA Certificate
1.45%$500-36 Month IRA Certificate (Traditional,Roth,CESA)
1.40%$500-36 Month Step-Up IRA Certificate
0.80%$500-24 Month IRA Certificate (Traditional,Roth,CESA)
0.55%$500-12 Month IRA Certificate (Traditional,Roth,CESA)

Scient Federal Credit Union Locations
Branch Office1 Burtt Rd Bldg FAndover, MA 01810
Branch Office60 Colver AveGroton, CT 06340-3808
Branch Office10646 Science Center DrSan Diego, CA 92121
Branch Office445 Eastern Point Rd Amenities Corridor Building 220Groton, CT 06340-5157