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 29th largest credit union in the state of Connecticut. It is also the 2,298th 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.
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 relatively low asset base.

Health Grade Components

Overall
NCUA #14003
Year Chartered1960
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD9.4%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$51.8MM$49.8MM
LoansQ2 2019vs Q2 2018$27.1MM$23.6MM
DepositsQ2 2019vs Q2 2018$47.1MM$45.4MM
Equity CapitalQ2 2019vs Q2 2018$4.6MM$4.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$116.00K$110.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$65.00K$40.00K
Real Estate OwnedQ2 2019vs Q2 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
0.55%$100$1000kHealth Savings Account
0.50%$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
0.70%$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
2.27%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Office777 E Main StTorrington, CT 06790-3915
Branch Office19 Rowley StWinsted, CT 06098

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