New London Municipal Employees Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.40%1-year CD12 Month CD
0.03%SavingsRegular Shares Account
0.60%2-year CD24 Month CD

Overview / Commentary
111 Union St
New London, CT 06320

New London Municipal Employees Credit Union is headquartered in New London and is the 84th largest credit union in the state of Connecticut. It is also the 4,961st largest credit union in the nation. It was established in 1953 and as of June of 2018, it had grown to 2 employees and 497 members at 1 location. New London Municipal Employees Credit Union has a B 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
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
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD-0.74%
Return on Equity - YTD-3.31%
Annual Interest Income$56.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$3.0MM$3.0MM
LoansQ2 2018vs Q2 2017$1.5MM$1.4MM
DepositsQ2 2018vs Q2 2017$2.4MM$2.3MM
Equity CapitalQ2 2018vs Q2 2017$665.00K$682.00K
Loan Loss AllowanceQ2 2018vs Q2 2017$5.00K$4.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$0$0
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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New London Municipal Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$25-Regular Shares Account
0.03%--Club Accounts

New London Municipal Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$500-24 Month CD
0.40%$500-12 Month CD
0.30%$500-6 Month CD
Locations


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

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