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 884th largest credit union in the nation. It was established in 1982 and as of December of 2021, it had grown to 63 employees and 26,714 members at 11 locations. Mutual Security Credit Union has an A 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

Health Grade Components

Overall
NCUA #68479
Year Chartered1982
Employees63
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD8.26%
Annual Interest Income$10.6MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$354.3MM$335.9MM
LoansQ4 2021vs Q4 2020$271.3MM$287.0MM
DepositsQ4 2021vs Q4 2020$309.7MM$293.0MM
Equity CapitalQ4 2021vs Q4 2020$27.1MM$24.9MM
Loan Loss AllowanceQ4 2021vs Q4 2020$1.0MM$1.1MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$721.00K$1.8MM
Real Estate OwnedQ4 2021vs Q4 2020$22.00K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Mutual Security Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mutual Security Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$25-Health Savings Account
0.03%$100-Savings Account
0.03%$100-Holiday Club
0.03%$100-Vacation Club

Mutual Security Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2.5k-Personal Money Market
0.05%$1k-Business Money Market

Mutual Security Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Elevated Checking

Mutual Security Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.46%$500-24 Month Variable Rate CD
0.25%$500-24 Month CD
0.25%$500-36 Month CD
0.25%$500-48 Month CD
0.25%$500-60 Month CD
0.15%$500-12 Month CD
0.15%$500-18 Month CD
0.15%$500-3 Month CD
0.15%$500-9 Month CD
0.15%$500-6 Month CD

Mutual Security Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.46%$500-24 Month Variable Rate IRA
0.25%$500-24 Month IRA
0.25%$500-36 Month IRA
0.25%$500-48 Month IRA
0.25%$500-60 Month IRA
0.15%$500-12 Month IRA
0.15%$500-18 Month IRA
Locations

Availability



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