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Torrington Municipal and Teachers Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.02%5-year CD60 Month Regular Share Certificate
0.85%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 2,393rd largest credit union in the nation. It was established in 1960 and as of December of 2017, it had grown to 13 employees and 9,679 members at 1 location. Torrington Municipal and Teachers Federal Credit Union's money market rates are 25% 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
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
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD5.63%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$46.7MM$45.0MM
LoansQ4 2017vs Q4 2016$23.5MM$22.4MM
DepositsQ4 2017vs Q4 2016$42.5MM$41.0MM
Equity CapitalQ4 2017vs Q4 2016$4.1MM$3.8MM
Loan Loss AllowanceQ4 2017vs Q4 2016$196.00K$138.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$253.00K$175.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates
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Torrington Municipal and Teachers Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%-$1kRising STAR Saver
0.55%$100$1mHealth Savings Account
0.15%$100$1mRegular Savings Account
0.15%$100$1mIRA Savings Account
0.10%$100$1mChristmas Club Account
0.10%$100$1mVacation Club Account

Torrington Municipal and Teachers Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$50k-Advanced Money Market Account
0.45%$10k-Money Market Plus Account
0.30%$1k-Money Market Account

Torrington Municipal and Teachers Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%$500-60 Month STAR Share Certificate
2.02%$500-60 Month Regular Share Certificate
1.87%$500-36 Month STAR Share Certificate
1.71%$500-30 Month STAR Share Certificate
1.61%$500-36 Month Regular Share Certificate
1.56%$500-24 Month STAR Share Certificate
1.46%$500-30 Month Regular Share Certificate
1.36%$500-18 Month STAR Share Certificate
1.31%$500-24 Month Regular Share Certificate
1.10%$500-18 Month Regular Share Certificate
1.10%$500-12 Month STAR Share Certificate
0.85%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%$500-60 Month STAR IRA
2.02%$500-60 Month IRA
1.87%$500-36 Month STAR IRA
1.71%$500-30 Month STAR IRA
1.61%$500-36 Month IRA
1.56%$500-24 Month STAR IRA
1.46%$500-30 Month IRA
1.36%$500-18 Month STAR IRA
1.31%$500-24 Month IRA
1.10%$500-12 Month STAR IRA
1.10%$500-18 Month IRA
0.85%$500-12 Month IRA
0.85%$500-6 Month STAR Member IRA
0.60%$500-6 Month Member IRA
Locations


Torrington Municipal and Teachers Federal Credit Union Locations
Branch Office777 E Main StTorrington, CT 06790-3915

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