Scient Federal Credit Union is headquartered in Groton and is the 11th largest credit union in the state of Connecticut. It is also the 966th largest credit union in the nation. It was established in 1983 and as of March of 2022, it had grown to 45 employees and 19,788 members at 3 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 Q1 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24029 |
| Year Chartered | 1983 |
| Employees | 45 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.19% |
| Return on Equity - YTD | 13.72% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $314.7MM$293.8MM |
| Loans | Q1 2022vs Q1 2021 | $259.1MM$228.3MM |
| Deposits | Q1 2022vs Q1 2021 | $285.3MM$264.2MM |
| Equity Capital | Q1 2022vs Q1 2021 | $26.3MM$25.4MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $1.2MM$1.3MM |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $55.00K$177.00K |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |