CT Labor Department Federal Credit Union
LOCATIONS
1
View locations
HEALTH RATING
B+
View health report
CURRENT TOP RATE
0.75% APY
2 Year IRA Certificate (Traditional, Roth)
View all rates
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.50% | 1-year CD | 1 Year Share Certificate 1.05% - Ally Bank High Yield 12-Month CD |
| 0.10% | Savings | Share Account 1.00% - Ally Bank Online Savings Account |
| 0.10% | Savings | Transfer Share Account 1.00% - Ally Bank Online Savings Account |
Overview / Commentary
CT Labor Department Federal Credit Union is headquartered in Wethersfield and is the 67th largest credit union in the state of Connecticut. It is also the 3,880th largest credit union in the nation. It was established in 1939 and as of June of 2016, it had grown to 2 employees and 1,692 members at 1 location. CT Labor Department Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees of the Connecticut Department of Labor.
See current membership details
Health
B+
Data as of Q2 2016
Learn more about bank healthAdditional 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 Chartered | 1939 |
| Employees | 2 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.15% |
| Return on Equity - YTD | 1.05% |
| Annual Interest Income | $214.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $13.8MM$13.6MM |
| Loans | Q2 2016vs Q2 2015 | $4.6MM$4.8MM |
| Deposits | Q2 2016vs Q2 2015 | $12.0MM$11.8MM |
| Equity Capital | Q2 2016vs Q2 2015 | $1.9MM$1.9MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $42.00K$68.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $14.00K$7.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
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CT Labor Department Federal Credit Union Savings Account Rates
CT Labor Department Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $500 | - | 1 Year Share Certificate | |
| 0.30% | $500 | - | 6 Month Share Certificate |
CT Labor Department Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.75% | $500 | - | 2 Year IRA Certificate | |
| 0.65% | $500 | - | 1 Year IRA Certificate |
Locations
| CT Labor Department Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 200 Folly Brook Blvd | Wethersfield, CT 06109 |