Scient Federal Credit Union is headquartered in Groton and is the 10th largest credit union in the state of Connecticut. It is also the 969th largest credit union in the nation. It was established in 1983 and as of March of 2021, it had grown to 45 employees and 20,524 members at 3 locations. Scient Federal Credit Union's savings rates are 4X 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.
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 Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24029 |
| Year Chartered | 1983 |
| Employees | 45 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 10.41% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $293.8MM$266.5MM |
| Loans | Q1 2021vs Q1 2020 | $228.3MM$222.6MM |
| Deposits | Q1 2021vs Q1 2020 | $264.2MM$239.7MM |
| Equity Capital | Q1 2021vs Q1 2020 | $25.4MM$23.2MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $1.3MM$1.4MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $177.00K$448.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |