Windsor Locks Federal Credit Union
Overview / Commentary
Windsor Locks Federal Credit Union is headquartered in Windsor Locks and is the 25th largest credit union in the state of Connecticut. It is also the 1,999th largest credit union in the nation. It was established in 1940 and as of September of 2022, it had grown to 17 employees and 4,591 members at 1 location. Windsor Locks Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Windsor Locks Federal Credit Union is open to those who live, work, worship, or attend school in Hartford County, Connecticut and their immediate family.
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Health
B+
Data as of Q3 2022
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. Windsor Locks Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 3757 |
| Year Chartered | 1940 |
| Employees | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 7.96% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $85.9MM$79.5MM |
| Loans | Q3 2022vs Q3 2021 | $37.3MM$34.3MM |
| Deposits | Q3 2022vs Q3 2021 | $78.0MM$72.2MM |
| Equity Capital | Q3 2022vs Q3 2021 | $7.2MM$6.7MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $92.00K$78.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $481.00K$42.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |