Middconn Federal Credit Union

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213 Court St Ste 101, Middletown, CT 06457-3367

Website

(860) 638-5360

Data Source: NCUA, June 30, 2016


Middconn Federal Credit Union was founded in 1959. Headquartered in Middletown, Connecticut, Middconn 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). Middconn 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 June 30, 2016, Middconn Federal Credit Union services 2,469 members through its 4 full-time and 2 part-time employees. It has $21,307,928 of total assets and $1,397,857 of net worth. Based on its asset size and net worth ratio, Middconn Federal Credit Union is classified as a Adequately Capitalized medium small credit union.

Middconn 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. Middconn Federal 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 chart below depicts the average compensation of Middconn Federal Credit Union compared to the medians of Connecticut and the entire nation (USA) over the years.

The following two tables list the deplitory and loan interest rates of Middconn 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
0.0900
0.0000
0.0000
Savings
0.0600
0.1000
0.1200
Money Market
0.1500
0.2500
0.2500
Certificate Deplit
0.2600
0.5000
0.5500
IRA
0.2200
0.4000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Connecticut
National Median Rates
Credit Cards
8.3800
10.5000
9.9900
Unsecured Line of Credits
11.5100
10.0000
10.9600
Short-term Small Amount
n/a
27.6200
25.0000
Student Loans
6.6600
5.8400
6.0000
New Car Loans
2.8400
3.0000
3.3900
Used Car Loans
3.2800
4.0500
4.5000
1st Mortgage Real Estates
4.2600
3.7500
4.1500
Other Real Estates
4.4200
4.1500
4.7400

Middconn 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 Middconn Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
No
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
No
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, Middconn Federal Credit Union actively involves in local communities by prliding services such as first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
Yes
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Main Office
213 Court St Ste 101
Middletown, CT 06457-3367
Phone:860-638-5360

Middletown Office
213 Court St Ste 101
Middletown, CT 06457-3367
Phone:860-638-5360

(860) 638-5366

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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