Torrington Municipal and Teachers Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.53%5-year CD60 Month Regular Share Certificate
1.46%1-year CD12 Month Regular Share Certificate
0.15%SavingsRegular Savings Account

Overview / Commentary
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 31st largest credit union in the state of Connecticut. It is also the 2,346th largest credit union in the nation. It was established in 1960 and as of June of 2018, it had grown to 14 employees and 9,315 members at 1 location. 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
B+
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 Chartered1960
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD8.47%
Annual Interest Income$882.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$49.8MM$47.1MM
LoansQ2 2018vs Q2 2017$23.6MM$23.1MM
DepositsQ2 2018vs Q2 2017$45.4MM$43.0MM
Equity CapitalQ2 2018vs Q2 2017$4.2MM$4.0MM
Loan Loss AllowanceQ2 2018vs Q2 2017$110.00K$155.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$40.00K$160.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Torrington Municipal and Teachers Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$5$1kRising STAR Saver
0.55%$100$1000kHealth Savings Account
0.15%$100$1000kRegular Savings Account
0.15%$100$1000kIRA Savings Account
0.10%$100$1000kChristmas and Vacation Club Account

Torrington Municipal and Teachers Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Office777 E Main StTorrington, CT 06790-3915

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