Western Connecticut

Western Connecticut is headquartered in Bethel and is the 45^th largest credit union in the state of Connecticut. It is also the 3,098^th largest credit union in the nation. It was established in 1966 and as of December of 2011, it had grown to 11 employees and 4,364 members. Western Connecticut has a 2-star health rating.

Western Connecticut Checking Account Rates

Western Connecticut Savings Account Rates

Western Connecticut Money Market Rates

Western Connecticut CD Rates

Western Connecticut IRA Rates

Data for Q4 2011

Institution Statistics WESTERN CONNECTICUT NCUA # 17330 BankRate Report View Year Chartered 1966 Employees 11 Primary Regulator Assets and Liabilities Assets $26.71 million Loans $18.15 million Deposits $24.83 million Equity Capital $1.78 million Loan Loss Allowance $216,000 Unbacked Noncurrent Loans $778,000 Historic Data - December 2010 Assets $26.20 million Equity Capital $1.83 million Loan Loss Allowance $129,000 Unbacked Noncurrent Loans $641,000 Profit Margin - Quarterly Net Interest Margin 5.53% Return on Assets -0.18% Return on Equity -2.7% Interest Income $1.31 million Non-Interest Income $235,000

Institution Health Overall Score: 2 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, 2011 Western Connecticut had $778,000 in non-current loans and owned real-estate with $1.99 million in equity and loan loss allowances on hand to cover it. This gives Western Connecticut a Texas Ratio of 39.02% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Western Connecticut increased slightly from 32.77% as of December 31, 2010 to 39.02% as of December 31, 2011, resulting in a negative change of 19.06%. This indicates that the balance sheet and financial strength for Western Connecticut has declined slightly in recent periods. Deposit Growth In the past year, Western Connecticut has increased its total deposits by $550,000, resulting in 2.27% 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 Western Connecticut 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. Western Connecticut has $26.71 million in assets with $1.99 million in equity, resulting in a capitalization level of 7.46%, which is below average.

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