Mutual Security Credit Union Reviews and Rates

Mutual Security Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.mscu.net

800-761-2400

1000 Bridgeport Ave
Shelton, CT 06484

Mutual Security Credit Union is headquartered in SHELTON and is the 8^th largest credit union in the state of Connecticut. It is also the 928^th largest credit union in the nation. It was established in 1982 and as of March of 2025, it had grown to 68 employees and 26,497 members at 10 locations. Mutual Security Credit Union's savings rates are 8X the national average, and it 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 (1)

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Not Recommended

Posted by: jmkarohl | Apr 11, 2022

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.

Comment

Health

B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	68479
Year Chartered	1982
Employees	68
Primary Regulator

Profit Margin
Return on Assets - YTD	0.41%
Return on Equity - YTD	4.57%
Annual Interest Income	$4.3MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$355.9MM$360MM
Loans	Q1 2025vs Q1 2024	$309.1MM$317.7MM
Deposits	Q1 2025vs Q1 2024	$313.6MM$317.5MM
Equity Capital	Q1 2025vs Q1 2024	$31.9MM$30.6MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$1.3MM$1.4MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$1.3MM$843K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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

APY	MIN	MAX	ACCOUNT NAME
4.03%^*	$0	$5k	Progressive Savings-New Money
OTHER TIERS: 0.40% → $10k+ \| 1.72% → $5k - $10k
0.10%	$100	-	Savings Account
0.10%	$100	-	Holiday Club
0.10%	$100	-	Vacation Club
0.05%	$25	-	Health Savings Account

Mutual Security Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.15%	$2.5k	-	Money Market Savings Special - New Money
0.25%	$2.5k	-	Personal Money Market
0.05%	$1k	-	Business Money Market

Mutual Security Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	$0	-	Elevated Checking

Mutual Security Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.05%	$500	-	7 Month CD Special
3.60%	$500	-	16 Month CD Special
2.25%	$500	-	60 Month CD
2.00%	$500	-	48 Month CD
1.50%	$500	-	36 Month CD
1.25%	$500	-	24 Month CD
1.00%	$500	-	18 Month CD
0.90%	$500	-	12 Month CD
0.60%	$500	-	9 Month CD
0.50%	$500	-	3 Month CD
0.50%	$500	-	6 Month CD

Mutual Security Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.60%	$500	-	16 Month IRA Special
2.25%	$500	-	60 Month IRA
2.00%	$500	-	48 Month IRA
1.50%	$500	-	36 Month IRA
1.25%	$500	-	24 Month IRA
1.00%	$500	-	18 Month IRA
0.90%	$500	-	12 Month IRA

Locations

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

DANBURY Branches
Branch Office	97 NEWTOWN RD	DANBURY, CT 06810
Branch Office	100 WOOSTER Hts	DANBURY, CT 06810-7509

NORWALK Branches
Branch Office	541 WESTPORT AVE	NORWALK, CT 06851

RIDGEFIELD Branches
Branch Office	900 RIDGEBURY RD (BRC)	RIDGEFIELD, CT 06877

Shelton Branches
Branch Office	1000 Bridgeport Ave	Shelton, CT 06484-4660

SHELTON Branches
Branch Office	710 BRIDGEPORT AVE	SHELTON, CT 06484
Corporate Office	1000 Bridgeport Ave Suite 503	SHELTON, CT 06484-4660

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

WATERTOWN Branches
Branch Office	764 STRAITS TPKE	WATERTOWN, CT 06795

WILTON Branches
Branch Office	77 DANBURY RD	WILTON, CT 06897

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