Mutual Security Credit Union

Mutual Security Credit Union


Overview / Commentary
800-761-2400
1000 Bridgeport Ave
Shelton, CT 06484

Mutual Security Credit Union is headquartered in SHELTON and is the 8th largest credit union in the state of Connecticut. It is also the 908th largest credit union in the nation. It was established in 1982 and as of March of 2024, it had grown to 71 employees and 26,998 members at 10 locations. Mutual Security Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Mutual Security Credit Union is open to those who live, work, worship, or attend school in the Connecticut counties of Fairfield, Litchfield, or New Haven.
See current membership details

Reviews (2)

ATM Card Access Fees.

Posted by: |

Don't understand why they charge seventy five cents per month if you want your ATM card to access CO-OP network.

Not Recommended

Posted by: |

Very unhappy with the CU--I opened my account in 1982, and I felt that as a long time member I deserved better than to have the CU remove all of my funds $5 at a time in a sudden change of policy last year. Sure, I should have paid attention to my statements, but as they have not varied much in the **40** years I have been a member, I really did not expect to suddenly have "inactivity fees" assessed until now my balance is pretty much 0. The person I spoke to claimed that the CU had ":reached out to me multiple times via email and phone" but could not tell me what email address or phone number they might have used, and I certainly did not receive any such communication. Beware, prospective members, as this institution apparently feels it should behave as a commercial bank does now. Too bad. I guess they can send my last 2 statements as they zero out my account completely, and at least I'll have the satisfaction of costing them a couple of postage stamps.



Health
B+

Health Grade Components

Overall
NCUA #68479
Year Chartered1982
Employees71
Primary Regulator
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD4.77%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$360MM$382.4MM
LoansQ1 2024vs Q1 2023$317.7MM$326.2MM
DepositsQ1 2024vs Q1 2023$317.5MM$319.8MM
Equity CapitalQ1 2024vs Q1 2023$30.6MM$27.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$1.4MM$655K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$843K$722K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates

Rates for Mutual Security Credit Union are currently being reviewed.

Locations


Cities: DANBURY, NORWALK, RIDGEFIELD, Shelton, SHELTON, Wallingford, WATERTOWN, WILTON

DANBURY Branches
Branch Office97 NEWTOWN RDDANBURY, CT 06810
Branch Office100 WOOSTER HtsDANBURY, CT 06810-7509

NORWALK Branches
Branch Office541 WESTPORT AVENORWALK, CT 06851

RIDGEFIELD Branches
Branch Office900 RIDGEBURY RD (BRC)RIDGEFIELD, CT 06877

Shelton Branches
Branch Office1000 Bridgeport AveShelton, CT 06484-4660

SHELTON Branches
Branch Office710 BRIDGEPORT AVESHELTON, CT 06484
Corporate Office1000 Bridgeport Ave Suite 503SHELTON, CT 06484-4660

Wallingford Branches
Branch OfficeMasonicare at Ashlar Village PO Box 70Wallingford, CT 06492

WATERTOWN Branches
Branch Office764 STRAITS TPKEWATERTOWN, CT 06795

WILTON Branches
Branch Office77 DANBURY RDWILTON, CT 06897

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