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Torrington Municipal and Teachers Federal Credit Union


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 30th largest credit union in the state of Connecticut. It is also the 2,302nd largest credit union in the nation. It was established in 1960 and as of December of 2019, it had grown to 16 employees and 9,521 members at 2 locations. Torrington Municipal and Teachers Federal Credit Union's money market rates are 36% 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+

Data as of Q4 2019

Learn why bank health matters
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 Chartered1960
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD9.22%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$51.4MM$48.2MM
LoansQ4 2019vs Q4 2018$28.6MM$25.9MM
DepositsQ4 2019vs Q4 2018$46.5MM$43.7MM
Equity CapitalQ4 2019vs Q4 2018$4.8MM$4.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$106.00K$143.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$75.00K$149.00K
Real Estate OwnedQ4 2019vs Q4 2018$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
0.30%$100$1000kHealth Savings Account
0.30%$5$5kUnexpected Expense Account
0.15%$100$1000kRegular Savings Account
0.15%$100$1000kIRA Savings Account
0.10%--Christmas Club Account
0.10%--Vacation Club Account

Torrington Municipal and Teachers Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$50k-Advanced Money Market Account
0.45%$10k-Money Market Plus Account
0.25%$1k-Money Market Account

Torrington Municipal and Teachers Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$500-60 Month STAR Share Certificate
1.16%$500-36 Month STAR Share Certificate
1.11%$500-30 Month STAR Share Certificate
1.05%$500-24 Month STAR Share Certificate
1.00%$500-60 Month Regular Share Certificate
1.00%$500-18 Month STAR Share Certificate
0.95%$500-12 Month STAR Share Certificate
0.90%$500-36 Month Regular Share Certificate
0.85%$500-30 Month Regular Share Certificate
0.80%$500-24 Month Regular Share Certificate
0.75%$500-18 Month Regular Share Certificate
0.75%$500-6 Month STAR Member Share Certificate
0.70%$500-12 Month Regular Share Certificate
0.50%$500-6 Month Member Share Certificate

Torrington Municipal and Teachers Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$500-60 Month STAR IRA
1.16%$500-36 Month STAR IRA
1.11%$500-30 Month STAR IRA
1.05%$500-24 Month STAR IRA
1.00%$500-18 Month STAR IRA
1.00%$500-60 Month IRA
0.95%$500-12 Month STAR IRA
0.90%$500-36 Month IRA
0.85%$500-30 Month IRA
0.80%$500-24 Month IRA
0.75%$500-18 Month IRA
0.70%$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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