Ledge Light Federal Credit Union

Ledge Light Federal Credit Union was chartered in 1983 and its charter number is 24029. Ledge Light Federal Credit Union's address registered with the NCUA is 60 COLVER AVENUE, GROTON, CT 06340. As of 12/01/06, Ledge Light FCU reported $140,798,682 in assets. The credit union currently has 12,691 members. It's Manager/CEO is Thomas J. Casey. The credit unions website is www.ledgelight.org

Ledge Light Federal Credit Union is a member of the Connecticut Credit Union League.

 
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Ledge Light FCU News: Ledge Light Federal Credit Union Locations (2): Ledge Light Credit Union Financial Evaluation
2006
Total Assets: $144,006,572
Total Loans: $71,100,725
Net Worth Ratio: 11.83
% Share Growth: 5.1
% Loan Growth: 5.91
Loans/Assets Ratio: 49.37
Investment/Assets Ratio: 46.2
Number of Members: 12,157
Number of Full-time Employees: 40

In the year of 2006, Ledge Light Credit Union assets increased by 0.05% and its membership decreased by 0.08%. Ledge Light CU's membership decreased by a total of 1,112 members. Assets increased by the amount of $7,410,246. The total loan amounts went from $67,129,280 in 2005 to $71,100,725 in 2006. Their net worth ratio increased to 11.83. Ledge Light CU decreased their job opportunities to 40 by reducing 3 employees.

2005
Total Assets: $136,596,326
Total Loans: $67,129,280
Net Worth Ratio: 11.71
% Share Growth: -1.23
% Loan Growth: 4.99
Loans/Assets Ratio: 49.14
Investment/Assets Ratio: 45.74
Number of Members: 13,269
Number of Full-time Employees: 43

In the year of 2005, Ledge Light Credit Union assets decreased by 0.01% and its membership decreased by 0.25%. Ledge Light CU's membership decreased by a total of 4,522 members. Assets decreased by the amount of $182,875. The total loan amounts went from $63,937,497 in 2004 to $67,129,280 in 2005. Their net worth ratio increased slightly to 11.71. Ledge Light CU increased their job opportunities to 43 by adding 4 employees.

2004
Total Assets: $136,779,201
Total Loans: $63,937,497
Net Worth Ratio: 10.7
% Share Growth: 6.17
% Loan Growth: 1.72
Loans/Assets Ratio: 46.74
Investment/Assets Ratio: 48.83
Number of Members: 17,791
Number of Full-time Employees: 39

 

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

May 23, 2012

 
 
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