Torrington Municipal and Teachers Federal Credit Union

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 29^th largest credit union in the state of Connecticut. It is also the 2,298^th largest credit union in the nation. It was established in 1960 and as of June of 2019, it had grown to 18 employees and 9,833 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

B+

Data as of Q2 2019

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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 relatively low asset base.

Health Grade Components

Overall
NCUA #	14003
Year Chartered	1960
Employees	18
Primary Regulator

Profit Margin
Return on Assets - YTD	0.84%
Return on Equity - YTD	9.4%
Annual Interest Income	$1.0MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$51.8MM$49.8MM
Loans	Q2 2019vs Q2 2018	$27.1MM$23.6MM
Deposits	Q2 2019vs Q2 2018	$47.1MM$45.4MM
Equity Capital	Q2 2019vs Q2 2018	$4.6MM$4.2MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$116.00K$110.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$65.00K$40.00K
Real Estate Owned	Q2 2019vs Q2 2018	$0$0

Rates

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Savings
Money Market
CD
IRA

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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
0.50%	$5	$5k	Unexpected Expense Account
0.15%	$100	$1000k	Regular Savings Account
0.15%	$100	$1000k	IRA Savings Account
0.10%	-	-	Christmas Club Account
0.10%	-	-	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
2.27%	$500	-	60 Month STAR Share Certificate
2.02%	$500	-	60 Month Regular Share Certificate
1.92%	$500	-	24 Month STAR Share Certificate
1.92%	$500	-	30 Month STAR Share Certificate
1.92%	$500	-	36 Month STAR Share Certificate
1.82%	$500	-	18 Month STAR Share Certificate
1.71%	$500	-	12 Month STAR Share Certificate
1.66%	$500	-	24 Month Regular Share Certificate
1.66%	$500	-	30 Month Regular Share Certificate
1.66%	$500	-	36 Month Regular Share Certificate
1.56%	$500	-	18 Month Regular Share Certificate
1.46%	$500	-	12 Month Regular Share Certificate
0.85%	$500	-	6 Month STAR Member Share Certificate
0.60%	$500	-	6 Month Member Share Certificate

Torrington Municipal and Teachers Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.27%	$500	-	60 Month STAR IRA
2.02%	$500	-	60 Month IRA
1.92%	$500	-	24 Month STAR IRA
1.92%	$500	-	30 Month STAR IRA
1.92%	$500	-	36 Month STAR IRA
1.82%	$500	-	18 Month STAR IRA
1.71%	$500	-	12 Month STAR IRA
1.66%	$500	-	24 Month IRA
1.66%	$500	-	30 Month IRA
1.66%	$500	-	36 Month 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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