Groton Municipal Employees Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
1.25%5-year CD
0.22%1-year CD
0.06%Savings
View all Groton Municipal Employees Federal Credit Union rates »

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 4,398th largest credit union in the nation. It was established in 1956 and as of December of 2018, it had grown to 3 employees and 641 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

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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. 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-1.21%
Return on Equity - YTD-17.05%
Annual Interest Income$246.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$6.7MM$6.3MM
LoansQ4 2018vs Q4 2017$3.3MM$2.7MM
DepositsQ4 2018vs Q4 2017$6.1MM$5.8MM
Equity CapitalQ4 2018vs Q4 2017$475.00K$557.00K
Loan Loss AllowanceQ4 2018vs Q4 2017$80.00K$35.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$100.00K$95.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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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 Office44 Plaza CtGroton, CT 06340-4223

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