First Connecticut

Overview / Commentary
159 S Turnpike Rd
Wallingford, CT 06492

First Connecticut is headquartered in Wallingford and is the 34th largest credit union in the state of Connecticut. It is also the 2,570th largest credit union in the nation. It was established in 1979 and as of December of 2019, it had grown to 15 employees and 10,712 members at 1 location. First Connecticut has a C+ health rating.

Field of Membership Restrictions

First Connecticut Credit Union of Connecticut is open to the employees of companies that serve 500 or fewer employees throughout the state and the family or household members of current credit union members.
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. First Connecticut has a low asset base.

Health Grade Components

NCUA #66062
Year Chartered1979
Primary Regulator
Profit Margin
Return on Assets - YTD-0.14%
Return on Equity - YTD-1.93%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$39.6MM$40.1MM
LoansQ4 2019vs Q4 2018$33.6MM$34.0MM
DepositsQ4 2019vs Q4 2018$36.6MM$36.2MM
Equity CapitalQ4 2019vs Q4 2018$2.8MM$2.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$88.00K$101.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$496.00K$383.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Connecticut Savings Account Rates

0.02%$5-Share Saving Account
0.02%$5-Vacation Club Account
0.02%$5-Holiday Club Account
0.02%--IRA Accumulator Account

First Connecticut Money Market Rates

0.30%*$150k*-Command Money Market Account
OTHER TIERS: 0.05% $2.5k - $50k | 0.10% $50k - $100k | 0.20% $100k - $150k

First Connecticut CD Rates

0.75%$1k-60 Month CD
0.65%$1k-48 Month CD
0.55%$1k-36 Month CD
0.50%$1k-30 Month CD
0.45%$1k-24 Month CD
0.35%$1k-18 Month CD
0.30%$1k-12 Month CD
0.25%$1k-9 Month CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD

First Connecticut IRA Rates

0.75%$1k-60 Month IRA
0.65%$1k-48 Month IRA
0.55%$1k-36 Month IRA
0.50%$1k-30 Month IRA
0.45%$1k-24 Month IRA
0.35%$1k-18 Month IRA
0.30%$1k-12 Month IRA
0.25%$1k-9 Month IRA
0.20%$1k-6 Month IRA
0.15%$1k-3 Month IRA

First Connecticut Locations
Branch Office159 S Turnpike RdWallingford, CT 06492

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