Scient Federal Credit Union

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A short history of Scient FCU

Since its inception in 1983 the Scient 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 David Purcell, the Scient FCU has grown its membership to over 19,614 with assets of more than $244,381,369. They have a main office and 9 branch offices. Please see the credit unions website or contact them by phone at (860) 445-1060 or email them at 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 Scient FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24029
Address 60 Colver Avenue 
City Groton 
State Connecticut 
Zip-Code 06340
Phone Number (860) 445-1060
Fax Number (860) 448-2101
Email Address:
CEO/President David Purcell
Members 19,614 
Full-Time Employees 51 
Part-Time Employees
Number of Branch Offices
Total Assets 244,381,369 

Compare Scient Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Groton Municipal Employees CU Credit Union Office 295 Meridian ST 06340 (860) 446-4121 No 1.70
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

Scient Federal Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Scient 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 9.89 4.08 5.13 3.49 4.01
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 242 290 341 71 101
Rank Among All Connecticut Credit Unions 5 40 40 6 13

Scient Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.31 0.47 1.06
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 143 95 270 151
Rank Among All Connecticut Credit Unions N/A 15 9 26 8
Scient Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.8904,17910,004,948
All Other Unsecured Loans/Lines of Credit 13.5301,5569,267,867
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 5.3802106,332,993
New Vehicle Loans 4.0802,48545,140,423
Used Vehicle Loans 5.1304,96965,798,104
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.49033652,216,655
Total Other Real Estate Loans/Lines of Credit 4.01048025,704,640
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.890591,065,443
TOTAL LOANS & LEASES 14,274215,531,073

Scient Federal Credit Union Real Estate Loans and Lines of Credit


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 10319,912,08471,670,720
    b. 15 Years or less 18218,549,233122,435,700
    a. > 15 years 4930,07300
    b. 15 Years or less 12,096,47700
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 4610,728,78851,564,600


Closed-End Fixed Rate 2279,931,872311,852,990
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 25315,772,768202,085,434
Open-End Fixed Rate 0000
TOTALS 81677,921,295759,609,444


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 22614,554,6892,085,434
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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