Torrington Municipal and Teachers Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.53%	5-year CD	3.10% - Barclays 60 Month Online CD
1.46%	1-year CD	2.75% - Barclays 12 Month Online CD
0.15%	Savings	0.27% - National Average

View all Torrington Municipal and Teachers Federal Credit Union rates »

Overview / Commentary

tmtfcu.org

860-489-2212

777 E Main St
Torrington, CT 06790-3915

Torrington Municipal and Teachers Federal Credit Union is headquartered in Torrington and is the 29^th largest credit union in the state of Connecticut. It is also the 2,357^th largest credit union in the nation. It was established in 1960 and as of December of 2018, it had grown to 18 employees and 9,644 members at 2 locations. Torrington Municipal and Teachers Federal Credit Union's CD rates are 62% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Anyone who lives, works or goes to school in Litchfield County. All businesses are entitled to membership.
See current membership details

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Health

Data as of Q4 2018

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Torrington Municipal and Teachers Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	14003
Year Chartered	1960
Employees	18
Primary Regulator

Profit Margin
Return on Assets - YTD	0.64%
Return on Equity - YTD	7.08%
Annual Interest Income	$1.8MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$48.2MM$46.7MM
Loans	Q4 2018vs Q4 2017	$25.9MM$23.5MM
Deposits	Q4 2018vs Q4 2017	$43.7MM$42.5MM
Equity Capital	Q4 2018vs Q4 2017	$4.4MM$4.1MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$143.00K$196.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$149.00K$253.00K
Real Estate Owned	Q4 2018vs Q4 2017	$0$0

Rates

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Torrington Municipal and Teachers Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%	$5	$1k	Rising STAR Saver
0.55%	$100	$1000k	Health Savings Account
0.15%	$100	$1000k	Regular Savings Account
0.15%	$100	$1000k	IRA Savings Account
0.10%	$100	$1000k	Christmas and Vacation Club Account

Torrington Municipal and Teachers Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%	$50k	-	Advanced Money Market Account
0.60%	$10k	-	Money Market Plus Account
0.30%	$1k	-	Money Market Account

Torrington Municipal and Teachers Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.79%	$500	-	60 Month STAR Share Certificate
2.53%	$500	-	60 Month Regular Share Certificate
2.32%	$500	-	36 Month STAR Share Certificate
2.17%	$500	-	30 Month STAR Share Certificate
2.12%	$500	-	24 Month STAR Share Certificate
2.07%	$500	-	36 Month Regular Share Certificate
1.92%	$500	-	30 Month Regular Share Certificate
1.87%	$500	-	24 Month Regular Share Certificate
1.82%	$500	-	18 Month STAR Share Certificate
1.71%	$500	-	12 Month STAR Share Certificate
1.56%	$500	-	18 Month Regular Share Certificate
1.46%	$500	-	12 Month Regular Share Certificate
1.36%	$500	-	6 Month STAR Member Share Certificate
1.11%	$500	-	6 Month Member Share Certificate

Torrington Municipal and Teachers Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.79%	$500	-	60 Month STAR IRA
2.53%	$500	-	60 Month IRA
2.32%	$500	-	36 Month STAR IRA
2.17%	$500	-	30 Month STAR IRA
2.12%	$500	-	24 Month STAR IRA
2.07%	$500	-	36 Month IRA
1.92%	$500	-	30 Month IRA
1.87%	$500	-	24 Month IRA
1.82%	$500	-	18 Month STAR IRA
1.71%	$500	-	12 Month STAR IRA
1.56%	$500	-	18 Month IRA
1.46%	$500	-	12 Month IRA

Locations

Torrington Municipal and Teachers Federal Credit Union Locations
Branch Office	777 E Main St	Torrington, CT 06790-3915
Branch Office	19 Rowley St	Winsted, CT 06098

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