Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
60 Colver Ave
Groton, CT 06340-3808

Scient Federal Credit Union is headquartered in Groton and is the 9th largest credit union in the state of Connecticut. It is also the 829th largest credit union in the nation. It was established in 1983 and as of March of 2014, it had grown to 47 employees and 15,831 members. Scient Federal Credit Union's money market rates are 14% 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

No reviews have been left for this bank yet. Be the first to review.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Scient Federal Credit Union had $511,000 in non-current loans and owned real-estate with $20.44 million in equity and loan loss allowances on hand to cover it. This gives Scient Federal Credit Union a Texas Ratio of 2.50% 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 7.06% as of March 31, 2013 to 2.50% as of March 31, 2014, resulting in a positive change of 64.60%.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 -$1.44 million, resulting in -0.69% 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 $237.74 million in assets with $20.44 million in equity, resulting in a capitalization level of 8.60%, which is average.

Institution Statistics

NCUA #24029
Year Chartered1983
Primary Regulator
Assets and Liabilities
Assets$237.74 million
Loans$185.65 million
Deposits$208.07 million
Equity Capital$19.13 million
Loan Loss Allowance$1.31 million
Unbacked Noncurrent Loans$511,000
Real Estate Owned$0
Historic Data - March 2013
Assets$229.78 million
Equity Capital$18.05 million
Loan Loss Allowance$1.18 million
Unbacked Noncurrent Loans$511,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.03%
Return on Assets0.79%
Return on Equity9.79%
Interest Income$2.28 million
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Scient Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Scient Federal Credit Union Savings Account Rates

0.10%--Traditional IRA Share Savings
0.10%--Roth IRA Share Savings
0.10%--Coverdell Educational Share Savings
0.05%--Regular Savings
0.05%--All Purpose Club Account
0.05%--Christmas Club Account
0.05%--Tax Club Account
0.05%--Vacation Club Account

Scient Federal Credit Union Money Market Rates

0.50%$250k-Money Market

Scient Federal Credit Union CD Rates

1.30%$500-60 Month Term Certificate
1.20%$500-60 Month Step-Up Term Certificate
1.10%$500-48 Month Term Certificate
0.99%$500-48 Month Step-Up Term Certificate
0.94%$500-36 Month Term Certificate
0.84%$500-36 Month Step-Up Term Certificate
0.80%$500-25 Month Term Certificate Special
0.60%$500-15 Month Term Certificate Special
0.50%$500-5 Month Term CertificateSpecial
0.45%$500-24 Month Term Certificate
0.35%$500-24 Month Step-Up Term Certificate
0.25%$500-12 Month Term Certificate
0.10%$500-6 Month Term Certificate

Scient Federal Credit Union IRA Rates

1.60%$500-60 Month IRA Certificate
1.50%$500-60 Month Step-Up IRA Certificate
1.25%$500-48 Month Step-Up IRA Certificate
1.15%$500-36 Month IRA Certificate
1.04%$500-36 Month Step-Up IRA Certificate
0.60%$500-24 Month IRA Certificate
0.40%$500-12 Month IRA Certificate

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