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Scient Federal Credit Union


Overview / Commentary
www.scientfcu.org
860-445-1060
60 Colver Ave
Groton, CT 06340

Scient Federal Credit Union is headquartered in Groton and is the 9th largest credit union in the state of Connecticut. It is also the 929th largest credit union in the nation. It was established in 1983 and as of December of 2019, it had grown to 49 employees and 21,913 members at 11 locations. Scient Federal Credit Union's money market rates are 14% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Scient Federal Credit Union is open to all residents of Connecticut, Massachusetts, New York, and Rhode Island by being a member of the American Consumer Council (ACC). Individuals who live, work, worship, or attend school in any of twelve Census tracts in New London County, CT also qualify for membership. Employees and retirees (and their immediate family members) of more than 90 SEGs are eligible for membership.
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Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #24029
Year Chartered1983
Employees49
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD3.12%
Annual Interest Income$9.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$253.2MM$257.9MM
LoansQ4 2019vs Q4 2018$225.8MM$226.8MM
DepositsQ4 2019vs Q4 2018$226.3MM$231.5MM
Equity CapitalQ4 2019vs Q4 2018$23.7MM$22.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.5MM$1.5MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$329.00K$471.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$196.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Scient Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Traditional IRA Share Savings
0.10%--Roth IRA Share Savings
0.10%--Coverdell Educational Share Savings
0.05%$5-Regular Savings
0.05%--Miscellaneous Club
0.05%--Christmas Club Account
0.05%--Tax Club Account
0.05%--Vacation Club Account
0.05%--All Purpose Club

Scient Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*$250kPremium Money Market
OTHER TIERS: 0.05% → Up to $2.5k | 0.10% → $2.5k - $25k | 0.20% → $25k - $100k | 0.25% → $250k+
0.25%*$250k*-Money Market
OTHER TIERS: 0.05% → Up to $2.5k | 0.10% → $2.5k - $25k | 0.15% → $25k - $75k | 0.20% → $75k - $250k

Scient Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2.5k-Interest Checking

Scient Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-60 Month Term Certificate
0.80%$500-48 Month Term Certificate
0.70%$500-36 Month Term Certificate
0.40%$500-24 Month Term Certificate
0.30%$500-12 Month Term Certificate
0.25%$500-9 Month Term Certificate
0.20%$500-6 Month Term Certificate
0.15%$500-3 Month Term Certificate

Scient Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k$250k60 Month IRA Special
1.50%$1k$250k36 Month IRA Special
1.09%$500-60 Month IRA
1.00%$1k$250k24 Month IRA Special
0.90%$500-48 Month IRA
0.80%$500-36 Month IRA
0.50%$500-24 Month IRA
0.30%$500-12 Month IRA
Locations

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