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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 2,542nd largest credit union in the nation. It was established in 1979 and as of March of 2019, it had grown to 15 employees and 10,821 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.
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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. First Connecticut has a low asset base.

Health Grade Components

Overall
NCUA #66062
Year Chartered1979
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD-0.33%
Return on Equity - YTD-4.6%
Annual Interest Income$399.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$40.9MM$40.0MM
LoansQ1 2019vs Q1 2018$32.7MM$37.2MM
DepositsQ1 2019vs Q1 2018$37.9MM$37.6MM
Equity CapitalQ1 2019vs Q1 2018$2.9MM$2.8MM
Loan Loss AllowanceQ1 2019vs Q1 2018$91.00K$91.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$455.00K$237.00K
Real Estate OwnedQ1 2019vs Q1 2018$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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