Hartford Federal Credit Union is headquartered in Hartford and is the 16th largest credit union in the state of Connecticut. It is also the 1,484th largest credit union in the nation. It was established in 1961 and as of September of 2019, it had grown to 39 employees and 18,311 members at 6 locations. Hartford Federal Credit Union's money market rates are 3X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to those live, work, worship or attend school in any of the towns in Hartford, Middlesex or Tolland County and their immediate family.
See current membership details
Great If You Never Have To Make A Deposit
I have direct deposit and for the most part, it works out great. But if I ever need to make a deposit after hours, it's impossible. HFCU is the only bank I know of that still requires an envelope to make a deposit. And worst of all, there are never envelopes in the ATM area. I've driven to different ATM's and none have envelopes to make a deposit. This is incredibly inconvenient and frustrating.
I give it 3 stars because the web portal and application is fantastic. I just wish making a deposit would be modernized.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 14388 |
| Year Chartered | 1961 |
| Employees | 39 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.35% |
| Return on Equity - YTD | 3.05% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $118.6MM$113.7MM |
| Loans | Q3 2019vs Q3 2018 | $50.7MM$54.3MM |
| Deposits | Q3 2019vs Q3 2018 | $103.8MM$99.7MM |
| Equity Capital | Q3 2019vs Q3 2018 | $13.6MM$13.0MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $430.00K$325.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $297.00K$170.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |