First Connecticut


Overview / Commentary
800-922-3344
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 2,543rd largest credit union in the nation. It was established in 1979 and as of December of 2018, it had grown to 15 employees and 10,953 members at 1 location. First Connecticut's CD rates are 94% higher than the national average, and 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.
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Health
C+
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

Overall
NCUA #66062
Year Chartered1979
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD6.34%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$40.1MM$38.7MM
LoansQ4 2018vs Q4 2017$34.0MM$36.1MM
DepositsQ4 2018vs Q4 2017$36.2MM$36.5MM
Equity CapitalQ4 2018vs Q4 2017$2.9MM$2.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$101.00K$92.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$383.00K$243.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


First Connecticut Locations
Branch Office159 S Turnpike RdWallingford, CT 06492

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