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 2,561st largest credit union in the nation. It was established in 1979 and as of June of 2019, it had grown to 15 employees and 10,700 members at 1 location. First Connecticut's CD rates are 94% higher than the national average, but it 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


No reviews have been left for this bank yet. Be the first to review.

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-0.33%
Return on Equity - YTD-4.72%
Annual Interest Income$796.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$40.3MM$40.0MM
LoansQ2 2019vs Q2 2018$34.2MM$36.7MM
DepositsQ2 2019vs Q2 2018$37.4MM$38.1MM
Equity CapitalQ2 2019vs Q2 2018$2.8MM$2.8MM
Loan Loss AllowanceQ2 2019vs Q2 2018$93.00K$94.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$399.00K$295.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not First Connecticut; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Connecticut Savings Account Rates

0.05%$5-Share Saving Account
0.05%$5-Vacation Club Account
0.05%$5-Holiday Club Account
0.05%--IRA Accumulator Account

First Connecticut Money Market Rates

0.40%*$150k*-Command Money Market Account
OTHER TIERS: 0.10% $2.5k - $50k | 0.20% $50k - $75k | 0.25% $75k - $100k | 0.30% $100k - $125k | 0.35% $125k - $150k

First Connecticut CD Rates

2.00%$1k-18 Month CD Special
1.75%$1k-12 Month CD Special
0.66%$1k-24 Month CD
0.66%$1k-30 Month CD
0.30%$1k-6 Month CD
0.30%$1k-9 Month CD
0.23%$1k-3 Month CD

First Connecticut IRA Rates

2.00%$1k-18 Month IRA Special
1.75%$1k-12 Month IRA Special
0.66%$1k-24 Month IRA
0.66%$1k-30 Month IRA
0.30%$1k-6 Month IRA
0.30%$1k-9 Month IRA
0.23%$1k-3 Month IRA

First Connecticut Locations
Branch Office159 S Turnpike RdWallingford, CT 06492

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.