Featured Savings Rates
Featured Accounts

Workers Federal Credit Union

Popular Accounts at this Credit Union

0.25%1-year CD12 Month Pick & Draw CD
0.20%1-year CD10 Month Pick & Draw CD
0.05%SavingsRegular Share Savings

Overview / Commentary
70 W Stafford Rd
Stafford Springs, CT 06076-1067

Workers Federal Credit Union is headquartered in Stafford Springs and is the 50th largest credit union in the state of Connecticut. It is also the 3,343rd largest credit union in the nation. It was established in 1936 and as of December of 2015, it had grown to 8 employees and 4,254 members at 2 locations. Workers Federal Credit Union's savings rates are 92% higher than the national average, but it has a C- health rating.

Field of Membership Restrictions

Must live, work, worship, or study in Stafford, Willington, Union, Ashford, Ellington, Somers or Tolland, and also their immediate family members.
See current membership details


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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. Workers Federal Credit Union has a low asset base.

Health Grade Components

NCUA #1606
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD-0.14%
Return on Equity - YTD-2.6%
Annual Interest Income$811.00K
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$21.8MM$21.4MM
LoansQ4 2015vs Q4 2014$13.9MM$14.6MM
DepositsQ4 2015vs Q4 2014$20.6MM$20.2MM
Equity CapitalQ4 2015vs Q4 2014$1.2MM$1.2MM
Loan Loss AllowanceQ4 2015vs Q4 2014$160.00K$291.00K
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$359.00K$670.00K
Real Estate OwnedQ4 2015vs Q4 2014$323.00K$0
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Workers Federal Credit Union Savings Account Rates

1.00%--Health Savings Draft Accounts
0.10%$25-IRA Accounts
0.05%$25-Regular Share Savings
0.05%--Club Accounts

Workers Federal Credit Union CD Rates

0.25%--12 Month Pick & Draw CD
0.20%--10 Month Pick & Draw CD
0.15%--6 Month Pick & Draw CD
0.10%--3 Month Pick & Draw CD

Workers Federal Credit Union Locations
Branch Office70 W Stafford RdStafford Springs, CT 06076-1067
Branch Office62 Hartford TpkeTolland, CT 06084-2842