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Groton Municipal Employees Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.22%1-year CD1 Year CD
0.06%SavingsShare Account
0.42%2-year CD2 Year CD

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 82nd largest credit union in the state of Connecticut. It is also the 4,673rd largest credit union in the nation. It was established in 1956 and as of September of 2016, it had grown to 2 employees and 782 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
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 - YTD0.73%
Return on Equity - YTD8.44%
Annual Interest Income$180.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$6.5MM$6.4MM
LoansQ3 2016vs Q3 2015$2.9MM$2.7MM
DepositsQ3 2016vs Q3 2015$5.9MM$5.8MM
Equity CapitalQ3 2016vs Q3 2015$553.00K$505.00K
Loan Loss AllowanceQ3 2016vs Q3 2015$6.00K$9.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$3.00K$32.00K
Real Estate OwnedQ3 2016vs Q3 2015$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
0.42%$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