CT Labor Department Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B
View health report
CURRENT TOP RATE
1.75% APY
4 Year Share Certificate
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Overview / Commentary
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
Health
B
Data as of Q3 2019
Learn why bank health mattersAdditional 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 | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.18% |
| Return on Equity - YTD | 1.16% |
| Annual Interest Income | $328.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $12.6MM$13.3MM |
| Loans | Q3 2019vs Q3 2018 | $3.3MM$3.6MM |
| Deposits | Q3 2019vs Q3 2018 | $10.6MM$11.3MM |
| Equity Capital | Q3 2019vs Q3 2018 | $2.0MM$2.0MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $41.00K$56.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $20.00K$78.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |