Overview / Commentary
44 Plaza Ct
Groton, CT 06340

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 4,419th largest credit union in the nation. It was established in 1956 and as of September of 2018, it had grown to 3 employees and 644 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.
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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. Groton Municipal Employees Federal Credit Union has a very low asset base.

Health Grade Components

NCUA #10892
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD-0.57%
Return on Equity - YTD-7.32%
Annual Interest Income$180.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$6.8MM$6.5MM
LoansQ3 2018vs Q3 2017$3.2MM$2.7MM
DepositsQ3 2018vs Q3 2017$6.2MM$5.9MM
Equity CapitalQ3 2018vs Q3 2017$528.00K$584.00K
Loan Loss AllowanceQ3 2018vs Q3 2017$37.00K$14.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$101.00K$38.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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Groton Municipal Employees Federal Credit Union Savings Account Rates

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

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

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

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