Dutch Point Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 3 out of 5

195 Silas Deane Hwy, Wethersfield, CT 06109-1240

Website

(860) 563-2617

Data Source: NCUA, December 31, 2016


Dutch Point Credit Union was founded in 1960. Headquartered in Wethersfield, Connecticut, Dutch Point Credit Union is a state chartered and federally insured credit union, being chartered in Connecticut and insured through the National Credit Union Share Insurance Fund (NCUSIF). Dutch Point Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Dutch Point Credit Union services 23,307 members through its 8 offices and branches and 59 full-time and 6 part-time employees. It has $284,501,787 of total assets and $30,356,549 of net worth. Based on its asset size and net worth ratio, Dutch Point Credit Union is classified as a Well Capitalized medium large credit union.

Dutch Point Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Dutch Point Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Dutch Point Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Connecticut and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Connecticut
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.0500
0.1000
0.1200
Money Market
0.3000
0.2500
0.2500
Certificate Deplit
0.3500
0.5000
0.5800
IRA
0.3500
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Connecticut
National Median Rates
Credit Cards
10.9900
10.7000
9.9900
Unsecured Line of Credits
9.4900
10.0000
10.9500
Short-term Small Amount
n/a
27.7400
25.0000
Student Loans
5.7500
5.8400
6.0200
New Car Loans
2.6400
2.9700
3.3300
Used Car Loans
2.6400
4.0000
4.5000
1st Mortgage Real Estates
4.0000
3.9950
4.2500
Other Real Estates
3.2500
4.1400
4.7000

Dutch Point Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Dutch Point Credit Union.

Electronic Banking Service Offerings

Membership Application
No
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
No
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
Yes
View Account History
Yes
No

As a community financial institution, Dutch Point Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
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Wethersfield
Main Office

195 Silas Deane Hwy
Wethersfield, CT 06109-1240
Phone:860-563-2617

(860) 529-6827

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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