Nutmeg State Financial Credit Union
Overview / Commentary
Nutmeg State Financial Credit Union is headquartered in Rocky Hill and is the 6th largest credit union in the state of Connecticut. It is also the 681st largest credit union in the nation. It was established in 1935 and as of December of 2022, it had grown to 107 employees and 41,065 members at 10 locations. Nutmeg State Financial Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership to Nutmeg State Financial Credit Union is open to those who live, work, volunteer, attend school, or worship in the Connecticut counties of Middlesex, Hartford, New Haven, or Tolland, as well as the Connecticut towns of Bridgeport, Shelton, and Stratford.
See current membership details
Health
A+
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68657 |
| Year Chartered | 1935 |
| Employees | 107 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 7.45% |
| Annual Interest Income | $19.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $553.5MM$515.8MM |
| Loans | Q4 2022vs Q4 2021 | $414.8MM$369.2MM |
| Deposits | Q4 2022vs Q4 2021 | $470.0MM$434.0MM |
| Equity Capital | Q4 2022vs Q4 2021 | $69.0MM$71.3MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $2.2MM$2.3MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $1.7MM$2.2MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$109.00K |