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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 2,633rd largest credit union in the nation. It was established in 1979 and as of June of 2017, it had grown to 14 employees and 11,060 members at 1 location. First Connecticut has a B 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 - YTD0.25%
Return on Equity - YTD3.68%
Annual Interest Income$728.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$38.6MM$38.7MM
LoansQ2 2017vs Q2 2016$35.7MM$32.3MM
DepositsQ2 2017vs Q2 2016$36.3MM$36.1MM
Equity CapitalQ2 2017vs Q2 2016$2.6MM$2.7MM
Loan Loss AllowanceQ2 2017vs Q2 2016$128.00K$86.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$161.00K$127.00K
Real Estate OwnedQ2 2017vs Q2 2016$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

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

First Connecticut Money Market Rates

0.30%*$100k*-Command Money Market Account
OTHER TIERS: 0.10% $2,500 - $50k | 0.20% $50k - $100k

First Connecticut CD Rates

0.66%$1k-24 Month CD
0.66%$1k-30 Month CD
0.53%$1k-18 Month CD
0.43%$1k-12 Month CD
0.30%$1k-6 Month CD
0.30%$1k-9 Month CD
0.23%$1k-3 Month CD

First Connecticut IRA Rates

0.66%$1k-24 Month IRA
0.66%$1k-30 Month IRA
0.53%$1k-18 Month IRA
0.43%$1k-12 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