Credit Unions | Connecticut Credit Unions

First Connecticut Credit Union:

First Connecticut Credit Union, Inc. was chartered in 1979 and its charter number is 66062. First Connecticut Credit Union's address registered with the NCUA is P O BOX 5004, WALLINGFORD, CT 06492. As of 10/26/06, First Connecticut CU reported $37,999,193 in assets. The credit union currently has 12,388 members. It's Manager/CEO is Susan J. Brown. The credit unions website is www.firstconnecticut.org

First Connecticut Credit Union is a member of the Connecticut Credit Union League.

Locations (2):

First Connecticut Credit Union
159 S Turnpike Rd, Wallingford, CT 06492
(203) 269-8718

First Connecticut Credit Union
P O BOX 5004, Wallingford, CT 06492
(203) 269-8718

First Connecticut CU News:

First Connecticut Credit Union Financial Evaluation
As of December 31, 2006
Total Assets: $36,873,980
Total Loans: $14,222,449
Net Worth Ratio: 9.87
% Share Growth: -5.55
% Loan Growth: 19.67
Loans/Assets Ratio: 38.57
Investment/Assets Ratio: 57.33
Number of Members: 12,373
Number of Full-time Employees: 17

 In the year of 2006, First Connecticut Credit Union assets decreased by 0.04% and its membership decreased by 0.03%. First Connecticut CU's membership decreased by a total of 431 members. Assets decreased by the amount of $1,645,275. The total loan amounts went from $11,884,344 in 2005 to $14,222,449 in 2006. Their net worth ratio increased to 9.87. First Connecticut CU maintained their job opportunities at 17 by adding 0 employees.

As of December 31, 2005
Total Assets: $38,519,255
Total Loans: $11,884,344
Net Worth Ratio: 8.9
% Share Growth: -5.44
% Loan Growth: 5.39
Loans/Assets Ratio: 30.85
Investment/Assets Ratio: 65.27
Number of Members: 12,804
Number of Full-time Employees: 17

 In the year of 2005, First Connecticut Credit Union assets decreased by 0.06% and its membership decreased by 0.14%. First Connecticut CU's membership decreased by a total of 2,017 members. Assets decreased by the amount of $2,379,928. The total loan amounts went from $11,276,160 in 2004 to $11,884,344 in 2005. Their net worth ratio decreased slightly to 8.9. First Connecticut CU maintained their job opportunities at 17 by adding 0 employees.

As of December 31, 2004
Total Assets: $40,899,183
Total Loans: $11,276,160
Net Worth Ratio: 8.94
% Share Growth: -0.64
% Loan Growth: -14.69
Loans/Assets Ratio: 27.57
Investment/Assets Ratio: 67.97
Number of Members: 14,821
Number of Full-time Employees: 17

  
In Connecticut, this credit union competes with Navy Federal Credit Union and other credit unions for your business.

 
Other Credit Unions:
  • Cochise CU meets the financial needs of people if you live or work in Wilcox, Pearce, Cochise, Bowie, or San Simon. Also employees of Sulphur Springs Valley Electrical Cooperative, Arizona Electric Power Company, and Valley Telecom Group.
  • Hughes Federal Credit Union offers sevices if you are an employee or have a family member that is an employee at one of the many established Select Employee Groups.
  • West Haven VA Employees FCU is headquarted in West Haven, Connecticut.
  • Mt. Airy Baptist Church FCU offers a share account which must be opened in order to receive other products and services offered by this Credit Union. In order to open an account the member must purchase one (1) share (par value of $5.00 is the minimum balance required for continuous membership) plus a $2.00 membership fee.
  • Curtis Federal Credit Union is headquarted in Bridgeport, Connecticut.
Credit Union News:

Consumers Credit will elect five to board
Lake County News Sun - Feb 8, 2008
Five people will be elected to the Consumers Credit Union board of directors at the 78th annual meeting scheduled March 12 at the Country Squire Restaurant, 19133 W. Route 120 in Grayslake. The meeting is open to all members of the credit union

Full Story: http://www.suburbanchicagonews.com/newssun/business/783419,5_3_WA08_CONSUMERSCU_S1.article

Aimbridge Enhances AimbridgeConnect Enterprise Lending Platform
Business Wire - Mar 3, 2008
WASHINGTON----Aimbridge® Lending Solutions, a provider of technology and premium services to credit unions across the country, announced at the CUNA Governmental Affairs Conference that it has expanded its enterprise lending platform, AimbridgeConnect™, to help credit unions better manage their entire loan portfolio production through one easy-to-use system.

Full Story: http://biz.yahoo.com/bw/080303/20080303005242.html%3f.v=1

Economy woes hit credit unions
BizJournals - Feb 17, 2008
Delinquency rates at some Boston-area credit unions are among the highest in the nation, as members increasingly struggle to make credit card and mortgage payments.

Full Story: http://www.bizjournals.com/boston/stories/2008/02/18/story3.html?ana=from_rss

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