Scient Federal Credit Union is headquartered in Groton and is the 11th largest credit union in the state of Connecticut. It is also the 981st largest credit union in the nation. It was established in 1983 and as of December of 2020, it had grown to 44 employees and 20,705 members at 10 locations. Scient Federal Credit Union 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.
See current membership details
Change Maker Savings Account Is Just Click Bait
The Change maker Savings account can only be funded by using their debit card. Each purchase is rounded up to the next dollar and the pennies difference funds the account.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24029 |
| Year Chartered | 1983 |
| Employees | 44 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.55% |
| Return on Equity - YTD | 5.83% |
| Annual Interest Income | $9.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $272.6MM$253.2MM |
| Loans | Q4 2020vs Q4 2019 | $224.9MM$225.8MM |
| Deposits | Q4 2020vs Q4 2019 | $243.3MM$226.3MM |
| Equity Capital | Q4 2020vs Q4 2019 | $25.3MM$23.7MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $1.2MM$1.5MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $128.00K$329.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |