Groton Municipal Employees Federal Credit Union

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A short history of Groton Municipal Employees FCU

Since its inception in 1956 the Groton Municipal Employees Federal Credit Union has been serving its members in the Groton, Connecticut area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Vicki Mott, the Groton Municipal Employees FCU has grown its membership to over 747 with assets of more than $6,726,956. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (860) 446-4121 or email them at melissa@grotonmefcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Groton, CT.

General Information For Groton Municipal Employees FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 10892
Address PO Box 851 
City Groton 
State Connecticut 
Zip-Code 06340
Phone Number (860) 446-4121
Fax Number (860) 446-4124
Email Address: melissa@grotonmefcu.com
CEO/President Vicki Mott
Members 747 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 6,726,956 
Website http://www.grotonmefcu.com 

Compare Groton Municipal Employees Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Scient CU Andover 1 Burtt Rd (800) 585-5943 No 1.17
Charter Oak CU Fitch High School 101 Groton Long Point Rd 06340 (860) 446-8085 No 2.10
New London Municipal Employees CU New London Municipal Employees Credit Union, Inc 111 Union St 06320 (860) 447-1585 No 3.04
Lawrence Memorial Hospital Employee CU Lawrence Memorial Hospital EFCU 365 Montauk Ave 06320 (860) 444-5104 No 3.67
Connecticut Community CU Main Office 43 W Broad St 06379 (860) 599-5379 No 10.79

Groton Municipal Employees Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Groton Municipal Employees Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 4.00 5.40 N/A 6.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 282 371 N/A 341
Rank Among All Connecticut Credit Unions N/A 38 44 N/A 44

Groton Municipal Employees Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 N/A 0.19 N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 N/A 319 N/A
Rank Among All Connecticut Credit Unions N/A 11 N/A 40 N/A
Groton Municipal Employees Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 12.900169723,920
Short-Term, Small Amount Loans (STS) (Federal CU Only) 20.00064,092
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.00020392,762
Used Vehicle Loans 5.400651,094,797
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 6.00012283,546
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.70016289,340
TOTAL LOANS & LEASES 2882,788,457

Groton Municipal Employees Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 0000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 12283,54600
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 12283,54600

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Groton Municipal Employees Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes