Featured Savings Rates
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MembersFirst CT Federal Credit Union

Popular Accounts at this Credit Union

1.26%5-year CD60 Month Share Certificate
0.35%1-year CD12 Month Share Certificate
0.05%SavingsRegular Share Account

Overview / Commentary
285 Broad St
Meriden, CT 06450-5847

MembersFirst CT Federal Credit Union is headquartered in Meriden and is the 24th largest credit union in the state of Connecticut. It is also the 2,043rd largest credit union in the nation. It was established in 1936 and as of June of 2016, it had grown to 10 employees and 5,455 members at 3 locations. MembersFirst CT Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in MembersFirst CT Federal Credit Union is open to those who live or work in the towns of Cheshire, Hamden, Meriden, North Branford, North Haven, and Wallingford, Connecticut. Membership is also open to employees of Magnakleen, Meriden Manufacturing and over 50 area Select Employer Groups.
See current membership details

Reviews (1)

Okay option.

Posted by: twoopts | Nov 17, 2016

This credit union is nice because it's very close to me, and has decent hours, and is rarely very busy. On the other hand, the workers are generally unfriendly, and occasionally even rude, which is a really big turn off, especially for a credit union. Their online banking takes a pretty long time to update as well. I could buy something with my debit card, and it can take up to 6 days to go through to my account. While it's my responsibility to manage my finances and spending, I make mistakes on occasion and have had my account overdrawn because purchases took multiple days to show up on my account, which costs me another $30. Overall, this is just an okay credit union to work with.

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. MembersFirst CT Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #1049
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD6.41%
Annual Interest Income$849.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$64.2MM$61.8MM
LoansQ2 2016vs Q2 2015$24.3MM$24.2MM
DepositsQ2 2016vs Q2 2015$57.8MM$56.0MM
Equity CapitalQ2 2016vs Q2 2015$6.2MM$5.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$223.00K$233.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$126.00K$262.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

MembersFirst CT Federal Credit Union Savings Account Rates

0.05%$25-Regular Share Account
0.05%$25-Special Share Account
0.05%--Christmas Club Account
0.05%--Vacation Club Account
0.05%--Escrow Share Account

MembersFirst CT Federal Credit Union Money Market Rates

0.40%*$75k*-Money Market Account
OTHER TIERS: 0.15% $2,500 - $10k | 0.25% $10k - $25k | 0.35% $25k - $75k
0.30%--IRA Money Market Account
0.30%--Roth IRA Money Market Account

MembersFirst CT Federal Credit Union CD Rates

1.26%$500-60 Month Share Certificate
1.16%$500-48 Month Share Certificate
1.00%$500-36 Month Share Certificate
0.65%$500-30 Month Share Certificate
0.60%$500-24 Month Share Certificate
0.50%$500-18 Month Share Certificate
0.35%$500-12 Month Share Certificate
0.25%$500-6 Month Share Certificate

MembersFirst CT Federal Credit Union IRA Rates

1.26%$500-60 Month IRA Certificate
1.16%$500-48 Month IRA Certificate
1.00%$500-36 Month IRA Certificate
0.65%$500-30 Month IRA Certificate
0.60%$500-24 Month IRA Certificate
0.50%$500-18 Month IRA Certificate
0.35%$500-12 Month IRA Certificate
0.25%$500-6 Month IRA Certificate

MembersFirst CT Federal Credit Union Locations
Branch Office220 Coe AveMeriden, CT 06451
Branch Office285 Broad StMeriden, CT 06450-5847
Branch Office121 Gravel StMeriden, CT 06450-4611