CT Labor Department Federal Credit Union

Overview / Commentary
200 Folly Brook Blvd
Wethersfield, CT 06109

CT Labor Department Federal Credit Union is headquartered in Wethersfield and is the 62nd largest credit union in the state of Connecticut. It is also the 3,787th largest credit union in the nation. It was established in 1939 and as of September of 2019, it had grown to 3 employees and 1,550 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.
See current membership details


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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

NCUA #3544
Year Chartered1939
Primary Regulator
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD1.16%
Annual Interest Income$328.00K
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$12.6MM$13.3MM
LoansQ3 2019vs Q3 2018$3.3MM$3.6MM
DepositsQ3 2019vs Q3 2018$10.6MM$11.3MM
Equity CapitalQ3 2019vs Q3 2018$2.0MM$2.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$41.00K$56.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$20.00K$78.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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CT Labor Department Federal Credit Union Savings Account Rates

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

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

1.51%$500-2 Year IRA Certificate
1.26%$500-1 Year IRA Certificate

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

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