Featured Savings Rates
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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 59th largest credit union in the state of Connecticut. It is also the 3,513th largest credit union in the nation. It was established in 1936 and as of September of 2017, it had grown to 6 employees and 4,185 members at 2 locations. Workers Federal Credit Union has a C- health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Stafford, Union, Willington, Ellington, Ashford, Tolland, or Somers, Connecticut.
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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-0.43%
Return on Equity - YTD-8.74%
Annual Interest Income$541.00K
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$18.4MM$19.9MM
LoansQ3 2017vs Q3 2016$13.3MM$13.0MM
DepositsQ3 2017vs Q3 2016$17.4MM$18.9MM
Equity CapitalQ3 2017vs Q3 2016$931.00K$1.0MM
Loan Loss AllowanceQ3 2017vs Q3 2016$98.00K$79.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$190.00K$164.00K
Real Estate OwnedQ3 2017vs Q3 2016$75.00K$88.00K
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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