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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 88th largest credit union in the state of Connecticut. It is also the 5,143rd largest credit union in the nation. It was established in 1953 and as of March of 2017, it had grown to 2 employees and 510 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.
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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
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD-1.06%
Return on Equity - YTD-4.64%
Annual Interest Income$26.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$3.1MM$3.1MM
LoansQ1 2017vs Q1 2016$1.4MM$1.5MM
DepositsQ1 2017vs Q1 2016$2.4MM$2.4MM
Equity CapitalQ1 2017vs Q1 2016$690.00K$709.00K
Loan Loss AllowanceQ1 2017vs Q1 2016$4.00K$6.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$0$5.00K
Real Estate OwnedQ1 2017vs Q1 2016$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