Featured Savings Rates
Featured Accounts

CT Labor Department Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.01%1-year CD1 Year Share Certificate
0.10%SavingsTransfer Share Account
1.77%4-year CD4 Year Share Certificate

Overview / Commentary
860-263-6500
200 Folly Brook Blvd
Wethersfield, CT 06109

CT Labor Department Federal Credit Union is headquartered in Wethersfield and is the 65th largest credit union in the state of Connecticut. It is also the 3,933rd largest credit union in the nation. It was established in 1939 and as of June of 2017, it had grown to 2 employees and 1,656 members at 1 location. CT Labor Department Federal Credit Union's CD rates are 12% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to employees of the Connecticut Department of Labor.
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Health
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
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD1.46%
Annual Interest Income$209.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$12.9MM$13.8MM
LoansQ2 2017vs Q2 2016$4.0MM$4.6MM
DepositsQ2 2017vs Q2 2016$11.2MM$12.0MM
Equity CapitalQ2 2017vs Q2 2016$1.9MM$1.9MM
Loan Loss AllowanceQ2 2017vs Q2 2016$41.00K$42.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$72.00K$14.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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CT Labor Department Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--IRA Account
0.10%$100-Share Account
0.10%--Holiday Club
0.10%--Vacation Club
0.10%--Escrow Accounts
0.10%--Transfer Share Account

CT Labor Department Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.77%$500-4 Year Share Certificate
1.52%$500-3 Year Share Certificate
1.26%$500-2 Year Share Certificate
1.01%$500-1 Year Share Certificate
0.76%$500-6 Month Share Certificate

CT Labor Department Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$500-2 Year IRA Certificate
1.01%$500-1 Year IRA Certificate
Locations


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