Groton Municipal Employees Federal Credit Union


Overview / Commentary
860-446-4121
44 Plaza Ct
Groton, CT 06340

Groton Municipal Employees Federal Credit Union is headquartered in Groton and is the 74th largest credit union in the state of Connecticut. It is also the 4,355th largest credit union in the nation. It was established in 1956 and as of June of 2019, it had grown to 2 employees and 641 members at 1 location. Groton Municipal Employees Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Groton Municipal Employees Federal Credit Union is open to employees of the Town of Groton, Connecticut; Visiting Nurse Association working in the Town of Groton, The Day Publishing Company in New London, Cornerstone Bibles and Books, Sound Insurance Services, Tuthill Nursery, Everyone’s Choice, Bauman’s Lawn Care, or Mildly Wild T-Shirts in Mystic.
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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. Groton Municipal Employees Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #10892
Year Chartered1956
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD-1.19%
Return on Equity - YTD-18.43%
Annual Interest Income$137.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$6.8MM$6.8MM
LoansQ2 2019vs Q2 2018$3.1MM$2.9MM
DepositsQ2 2019vs Q2 2018$6.3MM$6.2MM
Equity CapitalQ2 2019vs Q2 2018$434.00K$534.00K
Loan Loss AllowanceQ2 2019vs Q2 2018$38.00K$25.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$31.00K$109.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Groton Municipal Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Share Account
0.05%--Christmas Club
0.05%--Vacation Club
0.05%--Tax Club
0.05%--Bond Club

Groton Municipal Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-5 Year CD
1.10%$500-4 Year CD
0.85%$500-3 Year CD
0.50%$500-2 Year CD
0.22%$500-1 Year CD
0.12%$500-6 Month CD
Locations


Groton Municipal Employees Federal Credit Union Locations
Branch Office44 Plaza CtGroton, CT 06340-4223

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