Scient Federal Credit Union is headquartered in Groton and is the 11th largest credit union in the state of Connecticut. It is also the 951st largest credit union in the nation. It was established in 1983 and as of March of 2025, it had grown to 53 employees and 18,732 members at 4 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
Nothing But Trouble And Attitude At Scient
This bank is the most frustrating bank ever. try to pay off a loan and your will get SCREWED. when you call the bank all you get is attitude because you don't know all their rules so they don't care AT ALL I tried to pay off a loan, its takes 4 days to post to an account. so you pay off the balance and 4 days later you have interest, the you pay that and 4 days later you still have a balance and so on and so on till you want to kill yourself. you have to give them more money than you owe and will when they feel like it they will give you back the difference. STAY AS FAR AWAY AS YOU CAN FROM THIS BANK.
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 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24029 |
| Year Chartered | 1983 |
| Employees | 53 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.24% |
| Return on Equity - YTD | 2.97% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $344.2MM$355MM |
| Loans | Q1 2025vs Q1 2024 | $278.3MM$292.2MM |
| Deposits | Q1 2025vs Q1 2024 | $275.9MM$271.8MM |
| Equity Capital | Q1 2025vs Q1 2024 | $27.7MM$26.9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $2.3MM$2.4MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $449K$270K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |