Mutual Security Credit Union

Mutual Security Credit Union

Overview / Commentary
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 905th largest credit union in the nation. It was established in 1982 and as of December of 2023, it had grown to 68 employees and 27,230 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 Grade Components

NCUA #68479
Year Chartered1982
Primary Regulator
Profit Margin
Return on Assets - YTD0.15%
Return on Equity - YTD1.78%
Annual Interest Income$14.8MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$357.5MM$390.9MM
LoansQ4 2023vs Q4 2022$324MM$333.1MM
DepositsQ4 2023vs Q4 2022$306.9MM$323.6MM
Equity CapitalQ4 2023vs Q4 2022$30.2MM$26.9MM
Loan Loss AllowanceQ4 2023vs Q4 2022$1.5MM$748K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.3MM$845K
Real Estate OwnedQ4 2023vs Q4 2022$0$0

Rates for Mutual Security Credit Union are currently being reviewed.



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