MembersFirst CT Federal Credit Union
Overview / Commentary
MembersFirst CT Federal Credit Union is headquartered in Meriden and is the 22nd largest credit union in the state of Connecticut. It is also the 1,790th largest credit union in the nation. It was established in 1936 and as of March of 2025, it had grown to 15 employees and 6,130 members at 5 locations. MembersFirst CT Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in MembersFirst CT Federal Credit Union is open to those who live or work in the Connecticut towns of Cheshire, Hamden, Meriden, North Branford, North Haven, or Wallingford. Membership is also open to employees of more than 50 area Select Employer Groups, including the Meriden Board of Education.
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1049 |
| Year Chartered | 1936 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 6.03% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $105.2MM$102.2MM |
| Loans | Q1 2025vs Q1 2024 | $42.3MM$41.2MM |
| Deposits | Q1 2025vs Q1 2024 | $93MM$91.1MM |
| Equity Capital | Q1 2025vs Q1 2024 | $11.7MM$10.9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $315K$285K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $87K$87K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |