Valley Catholic Federal Credit Union
Overview / Commentary
Valley Catholic Federal Credit Union is headquartered in Simsbury and is the 84th largest credit union in the state of Connecticut. It is also the 5,039th largest credit union in the nation. It was established in 1947 and as of December of 2020, it had grown to 212 members at 2 locations. Valley Catholic Federal Credit Union has a C 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
C
Data as of Q4 2020
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5496 |
| Year Chartered | 1947 |
| Employees | 0 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.54% |
| Return on Equity - YTD | -18.18% |
| Annual Interest Income | $39.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $784.00K$955.00K |
| Loans | Q4 2020vs Q4 2019 | $546.00K$657.00K |
| Deposits | Q4 2020vs Q4 2019 | $716.00K$875.00K |
| Equity Capital | Q4 2020vs Q4 2019 | $66.00K$78.00K |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $19.00K$23.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $0$5.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |