Torrington Municipal and Teachers Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.53%5-year CD
1.46%1-year CD
0.15%Savings
View all Torrington Municipal and Teachers Federal Credit Union rates »

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 29th largest credit union in the state of Connecticut. It is also the 2,357th 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.
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Health
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
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD7.08%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$48.2MM$46.7MM
LoansQ4 2018vs Q4 2017$25.9MM$23.5MM
DepositsQ4 2018vs Q4 2017$43.7MM$42.5MM
Equity CapitalQ4 2018vs Q4 2017$4.4MM$4.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$143.00K$196.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$149.00K$253.00K
Real Estate OwnedQ4 2018vs Q4 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
Branch Office19 Rowley StWinsted, CT 06098

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