Valley Catholic Federal Credit Union
Overview / Commentary
Valley Catholic Federal Credit Union is headquartered in Simsbury and is the 81st largest credit union in the state of Connecticut. It is also the 4,932nd largest credit union in the nation. It was established in 1947 and as of December of 2021, it had grown to 209 members at 2 locations. Valley Catholic Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Valley Catholic Federal Credit Union is open to members of St. Catherine of Siena’s Parish (West Simsbury), St. Bernard’s Parish (Tariffville), St. Mary’s Parish (Simsbury), St. Therese’s Parish (Granby), or The Knights of Columbus.
See current membership details
Reviews (1)
$100K Minimum For 3-Year CD
Posted by: CalBear49 | Jun 18, 2020
I contacted them regarding their 3-year 2.5% CD and was informed that this CD requires a $100K minimum deposit. FYI.
Health
B
Data as of Q4 2021
Learn why bank health mattersAdditional 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. Valley Catholic Federal Credit Union has a very low asset base, and a negative return on assets.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5496 |
| Year Chartered | 1947 |
| Employees | 0 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -2.84% |
| Return on Equity - YTD | -35.61% |
| Annual Interest Income | $30.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $542.00K$784.00K |
| Loans | Q4 2021vs Q4 2020 | $376.00K$546.00K |
| Deposits | Q4 2021vs Q4 2020 | $493.00K$716.00K |
| Equity Capital | Q4 2021vs Q4 2020 | $48.00K$66.00K |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $19.00K$19.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $0$0 |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |