Healthcare Financial Federal Credit Union
LOCATIONS
4
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HEALTH RATING
A
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CURRENT TOP RATE
0.60% APY
18 Month CD
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Overview / Commentary
Healthcare Financial Federal Credit Union is headquartered in New Haven and is the 26th largest credit union in the state of Connecticut. It is also the 2,098th largest credit union in the nation. It was established in 1950 and as of June of 2020, it had grown to 18 employees and 8,891 members at 4 locations. Healthcare Financial Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is now open to all healthcare employees in the four southern counties of Connecticut.
See current membership details
Health
A
Data as of Q2 2020
Learn why bank health mattersAdditional 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. Healthcare Financial Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6626 |
| Year Chartered | 1950 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.14% |
| Return on Equity - YTD | 1.23% |
| Annual Interest Income | $982.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $68.9MM$61.6MM |
| Loans | Q2 2020vs Q2 2019 | $29.8MM$24.6MM |
| Deposits | Q2 2020vs Q2 2019 | $60.8MM$52.5MM |
| Equity Capital | Q2 2020vs Q2 2019 | $7.5MM$7.2MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $86.00K$102.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $55.00K$137.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |