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203-377-2252
1000 Oronoque Ln
Stratford, CT 06614-1394

Sikorsky Credit Union is headquartered in Stratford and is the 4th largest credit union in the state of Connecticut. It is also the 317st largest credit union in the nation. It was established in 1948 and as of March of 2014, it had grown to 120 employees and 52,301 members. Sikorsky Credit Union's savings rates are 6X the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work, worship or volunteer in Fairfield, New Haven or Hartford County. - See Details

Reviews (1)

Sikorsky FCU

They took the areas most useless people and hired them! Thanks for never calling back!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Sikorsky Credit Union had $2.23 million in non-current loans and owned real-estate with $67.74 million in equity and loan loss allowances on hand to cover it. This gives Sikorsky Credit Union a Texas Ratio of 3.29% 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 Sikorsky Credit Union decreased slightly from 4.43% as of March 31, 2013 to 3.29% as of March 31, 2014, resulting in a positive change of 25.69%.This indicates that the balance sheet and financial strength for Sikorsky Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Sikorsky Credit Union has increased its total deposits by $10.74 million, resulting in 1.7% 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 Sikorsky Credit Union has shown is above average.

Capitalization

GRADE:
B

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. Sikorsky Credit Union has $710.27 million in assets with $67.74 million in equity, resulting in a capitalization level of 9.54%, which is above average.

Institution Statistics

Overall
NCUA #68453
Year Chartered1948
Employees120
Primary Regulator
Assets and Liabilities
Assets$710.27 million
Loans$288.51 million
Deposits$642.29 million
Equity Capital$64.57 million
Loan Loss Allowance$3.17 million
Unbacked Noncurrent Loans$1.96 million
Real Estate Owned$270,000
Historic Data - March 2013
Assets$708.14 million
Equity Capital$72.83 million
Loan Loss Allowance$4.56 million
Unbacked Noncurrent Loans$1.96 million
Real Estate Owned$54,000
Profit Margin - Quarterly
Net Interest Margin1.17%
Return on Assets0.34%
Return on Equity3.74%
Interest Income$4.44 million
Rates
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Sikorsky Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
3.00%-$500Early Advantage Account
0.15%$1k-Coverdell Education Savings Account
0.15%$1k-Regular Savings Account
0.15%$1k-Special Savings Account
0.15%$1k-Holiday Club Account
0.15%$1k-IRA Savings Account
0.15%$1k-Roth IRA Savings Account
0.15%$1k-Vacation Club Account

Sikorsky Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$100k-Money Market Savings Account
0.20%$1k-Daily Money Market

Sikorsky Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month CD
1.10%$500-50 Month CD
0.90%$500-36 Month CD
0.80%$500-33 Month CD
0.70%$500-30 Month CD
0.65%$500-25 Month CD
0.60%$500-24 Month CD
0.50%$100k-12 Month Jumbo CD
0.50%$500-18 Month CD
0.45%$500-13 Month CD
0.40%$500-12 Month CD
0.25%$500-6 Month CD
0.20%$500-3 Month CD

Sikorsky Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month IRA
1.10%$500-50 Month IRA
0.90%$500-36 Month IRA
0.80%$500-33 Month IRA
0.70%$500-30 Month IRA
0.65%$500-25 Month IRA
0.60%$500-24 Month IRA
0.50%$100k-12 Month Jumbo IRA
0.50%$500-18 Month IRA
0.45%$500-13 Month IRA
0.40%$500-12 Month IRA
0.25%$500-6 Month IRA
0.20%$500-3 Month IRA
Locations

Sikorsky Credit Union has 11 locations. Click to view all Sikorsky Credit Union locations.