2. CT Labor Department Federal Credit Union

CT Labor Department Federal Credit Union


Overview / Commentary
www.ctlaborfcu.com
860-263-6500
200 Folly Brook Blvd
Wethersfield, CT 06109

CT Labor Department Federal Credit Union is headquartered in Wethersfield and is the 61st largest credit union in the state of Connecticut. It is also the 3,781st largest credit union in the nation. It was established in 1939 and as of June of 2019, it had grown to 3 employees and 1,565 members at 1 location. CT Labor Department Federal Credit Union's CD rates are 11% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

CT Labor Department FCU is open to employees (and their family members) of the Connecticut Labor Deparment.
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Health
B

Data as of Q2 2019

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. CT Labor Department Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #3544
Year Chartered1939
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.06%
Return on Equity - YTD0.41%
Annual Interest Income$216.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$12.9MM$13.1MM
LoansQ2 2019vs Q2 2018$3.4MM$3.6MM
DepositsQ2 2019vs Q2 2018$10.9MM$11.4MM
Equity CapitalQ2 2019vs Q2 2018$2.0MM$2.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$46.00K$49.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$18.00K$107.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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CT Labor Department Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--IRA Account
0.20%--Escrow Accounts
0.15%$100-Share Account
0.15%--Holiday Club
0.15%--Vacation Club
0.15%--Transfer Share Account

CT Labor Department Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-4 Year Share Certificate
1.50%$500-3 Year Share Certificate
1.25%$500-2 Year Share Certificate
1.00%$500-1 Year Share Certificate
0.75%$500-6 Month Share Certificate

CT Labor Department Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$500-2 Year IRA Certificate
1.26%$500-1 Year IRA Certificate
Locations


CT Labor Department Federal Credit Union Locations
Branch Office200 Folly Brook BlvdWethersfield, CT 06109

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