New London Municipal Employees Credit Union

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A short history of New London Municipal Employees CU

Since its inception in 1953 the New London Municipal Employees Credit Union has been serving its members in the New London, 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 Barbara Paul, the New London Municipal Employees CU has grown its membership to over 510 with assets of more than $3,007,323. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (860) 447-1585 or email them at nlmecu@sbcglobal.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in New London, CT.

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

Charter Number 60480
Address 111 Union St 
City New London 
State Connecticut 
Zip-Code 06320
Phone Number (860) 447-1585
Fax Number (860) 444-1287
Email Address: nlmecu@sbcglobal.net
CEO/President Barbara Paul
Members 510 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 3,007,323 
Website http://nlmecu.org 

Compare New London Municipal Employees Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Lawrence Memorial Hospital Employee CU Lawrence Memorial Hospital EFCU 365 Montauk Ave 06320 (860) 444-5104 No 0.62
Charter Oak CU Fitch High School 101 Groton Long Point Rd 06340 (860) 446-8085 No 1.54
Groton Municipal Employees CU Credit Union Office 295 Meridian ST 06340 (860) 446-4121 No 1.91
Scient CU Andover 1 Burtt Rd 06340 (800) 585-5943 No 2.45
Coreplus CU Groton 255 Route 12 06360 (860) 886-0576 No 11.26

New London Municipal Employees Credit Union Financial Performance Charts


Performance Charts

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Financial Data


New London Municipal Employees 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 3.90 4.95 N/A 5.39
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 263 317 N/A 277
Rank Among All Connecticut Credit Unions N/A 36 35 N/A 40

New London Municipal Employees Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.03 N/A 0.90 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 148 N/A 190 N/A
Rank Among All Connecticut Credit Unions N/A 16 N/A 15 N/A
New London Municipal Employees Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 11.960242227,771
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.90034226,640
Used Vehicle Loans 4.950164833,650
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 5.3901373,076
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.600621,668
TOTAL LOANS & LEASES 4591,382,805

New London Municipal Employees 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 1373,07600
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 1373,07600

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

New London Municipal Employees 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 No
Overdraft Lines of Credit No
ATM/Debit Card Program No
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website No