Overview / Commentary
860-446-4121
295 Meridian St
Groton, CT 06340-4012

Groton Municipal Employees Federal Credit Union is headquartered in Groton and is the 73rd largest credit union in the state of Connecticut. It is also the 4,439th largest credit union in the nation. It was established in 1956 and as of June of 2018, it had grown to 3 employees and 648 members at 1 location. Groton Municipal Employees Federal Credit Union has a C- health rating.

Field of Membership Restrictions

Membership in 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.
See current membership details

Reviews

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



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
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD-0.69%
Return on Equity - YTD-8.61%
Annual Interest Income$112.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$6.8MM$6.7MM
LoansQ2 2018vs Q2 2017$2.9MM$2.8MM
DepositsQ2 2018vs Q2 2017$6.2MM$6.1MM
Equity CapitalQ2 2018vs Q2 2017$534.00K$573.00K
Loan Loss AllowanceQ2 2018vs Q2 2017$25.00K$14.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$109.00K$14.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Groton Municipal Employees Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

Groton Municipal Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.06%--Share Account
0.06%--Christmas Club
0.06%--Vacation Club
0.06%--Tax Club
0.06%--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 Office295 Meridian STGroton, CT 06340-4012

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 feedback@depositaccounts.com 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.