Featured Savings Rates
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Merritt Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.30%1-year CD1 Year CD
0.05%SavingsRegular Share Accounts
0.40%2-year CD2 Year CD

Overview / Commentary
203-210-7585
3 Danbury Rd
Wilton, CT 06897

Merritt Federal Credit Union is headquartered in Wilton and is the 66th largest credit union in the state of Connecticut. It is also the 3,877th largest credit union in the nation. It was established in 1941 and as of September of 2016, it had grown to 3 employees and 2,382 members at 1 location. Merritt Federal Credit Union has a C health rating.

Field of Membership Restrictions

Membership is open to employees of SNET, AT&T, Lucent and over 20 area employer groups in Fairfield County, Connecticut.
See current membership details

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Health
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. Merritt Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #4303
Year Chartered1941
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD-0.45%
Return on Equity - YTD-3.71%
Annual Interest Income$351.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$13.7MM$13.7MM
LoansQ3 2016vs Q3 2015$8.0MM$8.5MM
DepositsQ3 2016vs Q3 2015$11.9MM$11.9MM
Equity CapitalQ3 2016vs Q3 2015$1.7MM$1.7MM
Loan Loss AllowanceQ3 2016vs Q3 2015$105.00K$107.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$141.00K$323.00K
Real Estate OwnedQ3 2016vs Q3 2015$277.00K$0
Rates
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Merritt Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--IRA
0.05%--Regular Share Accounts
0.05%--Vacation Club Account
0.05%--Christmas Club Account
0.05%--Rainy Day Club Account

Merritt Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$10k-Sharedraft Checking Account

Merritt Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-2 Year CD
0.30%$500-1 Year CD
0.20%$500-6 Month CD
Locations


Merritt Federal Credit Union Locations
Branch Office3 Danbury RdWilton, CT 06897-4305