Credit Unions | Connecticut Credit Unions

New London Municipal Employees Credit Union:

New London Municipal ECU was chartered in 1953 and its charter number is 60480. New London Municipal Employees Credit Union's address registered with the NCUA is 111 UNION ST, NEW LONDON, CT 06320. As of 10/12/06, New London Municipal Employees CU reported $3,534,817 in assets. The credit union currently has 708 members. It's Manager/CEO is Barbara J. Paul. The credit unions website is No Web Address Provided

New London Municipal Employees Credit Union is a member of the Connecticut Credit Union League.

Locations (1):

New London Municipal Employees Credit Union
111 Union St, New London, CT 06320
(860) 447-1585

New London Municipal Employees CU News:

New London Municipal Employees Credit Union Financial Evaluation
As of December 31, 2006
Total Assets: $3,327,067
Total Loans: $2,242,678
Net Worth Ratio: 26.66
% Share Growth: -16.94
% Loan Growth: -0.17
Loans/Assets Ratio: 67.4
Investment/Assets Ratio: 31.93
Number of Members: 702
Number of Full-time Employees: 3

 In the year of 2006, New London Municipal Employees Credit Union assets decreased by 0.13% and its membership decreased by 0.02%. New London Municipal Employees CU's members decreased by a total of 16 members. Assets decreased by the amount of $478,362. The total loan amounts went from $2,246,641 in 2005 to $2,242,678 in 2006. Their net worth ratio increased to 26.66. New London Municipal Employees CU maintained their job opportunities at 3 by adding 0 employees.

As of December 31, 2005
Total Assets: $3,805,429
Total Loans: $2,246,641
Net Worth Ratio: 22.63
% Share Growth: -11.58
% Loan Growth: -1.78
Loans/Assets Ratio: 59.03
Investment/Assets Ratio: 40.36
Number of Members: 718
Number of Full-time Employees: 3

 In the year of 2005, New London Municipal Employees Credit Union assets decreased by 0.08% and its membership decreased by 0.02%. New London Municipal Employees CU's members decreased by a total of 11 members. Assets decreased by the amount of $312,253. The total loan amounts went from $2,287,427 in 2004 to $2,246,641 in 2005. Their net worth ratio increased slightly to 22.63. New London Municipal Employees CU maintained their job opportunities at 3 by adding 0 employees.

As of December 31, 2004
Total Assets: $4,117,682
Total Loans: $2,287,427
Net Worth Ratio: 19.27
% Share Growth: -8.88
% Loan Growth: 0.64
Loans/Assets Ratio: 55.55
Investment/Assets Ratio: 43.99
Number of Members: 729
Number of Full-time Employees: 3

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

 
Other Credit Unions:
  • Tombstone Federal Credit Union currently serves residents of Cochise county, and those who work, worship or attend school in Cochise county.
  • Stamford Healthcare Credit Union meets the financial needs of its employees, including independent contract employees and volunteers of any medical or clinical facility, or of any business that is involved in the production, distribution, or sale of products, devices or services related to the medical field in the Stamford Metropolitan Area.
  • Associate FCU serves all employees of Konica Minolta Business Solutions (and their subsidiaries) and their families are eligible for membership in Associates Federal Credit Union.
  • Desert Medical FCU offers their financial services to doctors, staff, and families of Scottsdale Healthcare or Mayo Hospital or Clinic.
  • Faith Tabernacle Baptist Federal Credit Union is headquarted in Stamford, Connecticut.
Credit Union News:

Credit union members compensated
BBC News - Feb 6, 2008
Members of a Wrexham credit union which collapsed are told they will receive full compensation.

Full Story: http://news.bbc.co.uk/1/hi/wales/north_east/7231199.stm

Credit unions raise funds to end hunger
The Lewiston Sun Journal - Feb 6, 2008
WESTBROOK - Maine's credit unions celebrated their efforts toward "thawing" out hunger in Maine at the January Thaw to End Hunger Celebration Event on Jan. 28 at the Maine Credit Union League.

Full Story: http://www.sunjournal.com/story/250669-3/LewistonAuburn/Credit_unions_raise_funds_to_end_hunger/

Credit union bringing 300 jobs to downtown Rochester
WCAX-TV Vermont - Feb 8, 2008
Associated Press - February 8, 2008 7:25 AM ET ROCHESTER, N.Y. (AP) - A credit union founded by George Eastman as a savings and loan for his Eastman Kodak employees will build a new...

Full Story: http://www.wcax.com/global/story.asp?s=7842026

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