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Overview / Commentary
111 Union St
New London, CT 06320

New London Municipal Employees Credit Union is headquartered in New London and is the 90th largest credit union in the state of Connecticut. It is also the 5,192nd largest credit union in the nation. It was established in 1953 and as of December of 2016, it had grown to 1 employees and 518 members at 1 location. New London Municipal Employees Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership in New London Municipal Employees Credit Union is open to employees of the City of New London or New London Board of Education.
See current membership details

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Health
C+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. New London Municipal Employees Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #60480
Year Chartered1953
Employees1
Primary Regulator
Profit Margin
Return on Assets - YTD-0.47%
Return on Equity - YTD-2.01%
Annual Interest Income$109.00K
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$2.9MM$3.0MM
LoansQ4 2016vs Q4 2015$1.4MM$1.5MM
DepositsQ4 2016vs Q4 2015$2.2MM$2.3MM
Equity CapitalQ4 2016vs Q4 2015$698.00K$712.00K
Loan Loss AllowanceQ4 2016vs Q4 2015$3.00K$6.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$0$2.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates

Rates for New London Municipal Employees Credit Union are currently being reviewed.

Locations


New London Municipal Employees Credit Union Locations
Branch Office111 Union StNew London, CT 06320