Mutual Security Credit Union


Overview / Commentary
203-402-7400
12 Progress Dr
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 892nd largest credit union in the nation. It was established in 1982 and as of June of 2022, it had grown to 66 employees and 26,837 members at 11 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
Employees66
Primary Regulator
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD7.54%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$356.1MM$346.7MM
LoansQ2 2022vs Q2 2021$300.4MM$272.4MM
DepositsQ2 2022vs Q2 2021$312.2MM$302.9MM
Equity CapitalQ2 2022vs Q2 2021$25.8MM$25.9MM
Loan Loss AllowanceQ2 2022vs Q2 2021$834.00K$1.1MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$609.00K$1.2MM
Real Estate OwnedQ2 2022vs Q2 2021$0$185.00K
Rates

Rates for Mutual Security Credit Union are currently being reviewed.

Locations

Availability



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