Hartford Municipal Employees Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_rated_halfstar_normal by Credit Guide
Review based on 12 criteria Rating: 3.5 out of 5

443 Franklin Avenue, Hartford, CT 06114

Website

(860) 722-8110

Data Source: NCUA, December 31, 2016


Cencap Federal Credit Union was founded in 1950. Headquartered in Hartford, Connecticut, Cencap Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Cencap Federal 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, Cencap Federal Credit Union services 8,925 members through its 4 offices and branches and 27 full-time and 5 part-time employees. It has $57,304,406 of total assets and $5,320,270 of net worth. Based on its asset size and net worth ratio, Cencap Federal Credit Union is classified as a Well Capitalized medium credit union.

Cencap Federal 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. Cencap Federal Credit Union also provides an array of services to its members and local communities. Cencap Federal Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Cencap Federal 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
0.4000
0.1000
0.1200
Money Market
0.5500
0.2500
0.2500
Certificate Deplit
1.5600
0.5000
0.5800
IRA
0.7500
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Connecticut
National Median Rates
Credit Cards
9.9000
10.7000
9.9900
Unsecured Line of Credits
11.5700
10.0000
10.9500
Short-term Small Amount
n/a
27.7400
25.0000
Student Loans
n/a
5.8400
6.0200
New Car Loans
6.1000
2.9700
3.3300
Used Car Loans
6.9100
4.0000
4.5000
1st Mortgage Real Estates
n/a
3.9950
4.2500
Other Real Estates
4.4300
4.1400
4.7000

Cencap Federal 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 Cencap Federal Credit Union.

Electronic Banking Service Offerings

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

As a community financial institution, Cencap Federal Credit Union actively involves in local communities by prliding services such as financial literacy workshops, and first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
Yes
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
432-434 Franklin Avenue
432 Franklin Ave
Hartford, CT 06114
Phone:06114

443 Franklin Avenue
Main Office

443 Franklin Ave
Hartford, CT 06114
Phone:860-722-8110

525 Main Strret
525 Main St
Hartford, CT 06103
Phone:860-722-8110

East Hartford
77 Hartland St
East Hartford, CT 06108
Phone:860-722-8110

(860) 296-8981

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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