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Western Connecticut Federal Credit Union


Overview / Commentary
westernctfcu.com
203-791-9399
2 Stony Hill Rd
Bethel, CT 06801

Western Connecticut Federal Credit Union is headquartered in Bethel and is the 45th largest credit union in the state of Connecticut. It is also the 2,987th largest credit union in the nation. It was established in 1966 and as of March of 2021, it had grown to 8 employees and 3,988 members at 1 location. Western Connecticut Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Western Connecticut Federal Credit Union is open to those who live, work, worship, or go to school in the Greater Danbury area.
See current membership details

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Health
C+

Data as of Q1 2021

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. Western Connecticut Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #17330
Year Chartered1966
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD11.34%
Annual Interest Income$258.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$31.9MM$27.4MM
LoansQ1 2021vs Q1 2020$19.6MM$20.7MM
DepositsQ1 2021vs Q1 2020$29.8MM$25.4MM
Equity CapitalQ1 2021vs Q1 2020$2.1MM$2.0MM
Loan Loss AllowanceQ1 2021vs Q1 2020$112.00K$161.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$202.00K$274.00K
Real Estate OwnedQ1 2021vs Q1 2020$326.00K$589.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Western Connecticut Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$50kKasasa Saver
OTHER TIERS: 0.50% → $50k+
0.25%$10-Minor/Youth Savings
0.25%$10-Holiday Club
0.25%$10-Vacation Club
0.25%$500-IRA Share
0.25%$10-Health Savings Account
0.15%$500-Growth Share Savings
0.05%$100-Basic Savings
0.05%$100-Premium Savings
0.05%$500-Growth Share - 2 months w/o qualifications met

Western Connecticut Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-Money Market
OTHER TIERS: 0.07% → $2k - $25k | 0.10% → $25k - $50k

Western Connecticut Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$10kKasasa Cash Checking
OTHER TIERS: 0.50% → $10k+
0.05%$750-Premium Checking

Western Connecticut Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$2.5k-60 Month CD
0.75%$2.5k-48 Month CD
0.55%$2.5k-36 Month CD
0.55%--12 Month Save to Win Special Certificate
0.30%$2.5k-24 Month CD
0.25%$2.5k-18 Month CD
0.20%$2.5k-12 Month CD
0.15%$2.5k-6 Month CD

Western Connecticut Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$2.5k-60 Month IRA
0.75%$2.5k-48 Month IRA
0.55%$2.5k-36 Month IRA
0.30%$2.5k-24 Month IRA
0.25%$2.5k-18 Month IRA
0.20%$2.5k-12 Month IRA
0.15%$2.5k-6 Month IRA
Locations


Western Connecticut Federal Credit Union Locations
Branch Office2 Stony Hill RdBethel, CT 06801

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