Torrington Municipal And Teachers Federal Credit Union

A short history of Torrington Municipal And Teachers FCU

Since its inception in 1960 the Torrington Municipal And Teachers Federal Credit Union has been serving its members in the TORRINGTON, 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 Donna Marie Battistoni, the Torrington Municipal And Teachers FCU has grown its membership to over 9,260 with assets of more than $47,123,649. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (860) 489-2212 or email them at tmt01@tmtfcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in TORRINGTON, CT.

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

Compare Torrington Municipal And Teachers Federal Credit Union To Other Local Credit Unions

Credit Union Name	Branch Name	Address	Zip Code	Phone Number	ATM Access	Distance (Miles)
Northwest Hills CU	339 No Elm St	339 N Elm St	06790	(860) 496-7326	No	1.85
First Bristol CU	First Bristol FCU	25 North St	06011	(860) 584-0956	No	14.26
Valley Catholic CU	Valley Catholic federal Credit Union	730 Hopmeadow St Ste 1S	06070	(860) 658-9921	No	15.32
Greater Watertown CU	Main	48 Woodruff Ave	06795	(860) 945-0611	No	16.56
United Business & Industry CU	United Business & Industry FCU	40A Chamberlain Hwy	06037	(860) 829-8876	No	18.07

Torrington Municipal And Teachers Federal Credit Union Financial Performance Charts

Financial Data

Torrington Municipal And Teachers 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	11.90	3.70	6.00	4.60	5.80
Mean Rate For All USA Based Credit Unions	10.56	3.72	5.00	4.48	4.95
Rank Among All USA Credit Unions	406	237	443	218	322
Rank Among All Connecticut Credit Unions	21	31	54	26	42

Torrington Municipal And Teachers 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	0.25	0.50	0.50
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	105	263	227
Rank Among All Connecticut Credit Unions	N/A	11	12	24	22

Torrington Municipal And Teachers Federal Credit Union Loans and Leases

Interest Rate

Number of Loans

Amount

Unsecured Credit Card Loans	11.900	702	778,604
All Other Unsecured Loans/Lines of Credit	13.000	750	2,789,449
Short-Term, Small Amount Loans (STS) (Federal CU Only)	0.000	0	0
Non-Federally Guaranteed Student Loans	0.000	0	0
New Vehicle Loans	3.700	180	3,343,824
Used Vehicle Loans	6.000	1,001	10,090,385
Total 1st Mortgage Real Estate Loans/Lines of Credit	4.600	46	2,742,902
Total Other Real Estate Loans/Lines of Credit	5.800	66	2,224,522
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	5.600	102	1,158,167
TOTAL LOANS & LEASES		2,847	23,127,853

Torrington Municipal And Teachers 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	0	0	0	0
b. 15 Years or less	43	2,370,752	3	140,000
Balloon/Hybrid
a. > 15 years	0	0	0	0
b. 15 Years or less	0	0	0	0
Other Fixed Rate	0	0	0	0
Adjustable Rate 1 yr or less	0	0	0	0
Adjustable Rate > 1 yr	3	372,150	0	0

OTHER REAL ESTATE

Closed-End Fixed Rate	42	898,929	6	198,600
Closed-End Adjustable Rate	0	0	0	0
Open-End Adjustable Rate	22	1,266,917	5	285,000
Open-End Fixed Rate	2	58,676	3	155,000
TOTALS	112	4,967,424	17	778,600

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans	0	0		0
Interest Only & Payment Option Other RE/LOC Loans	0	0		0
REVERSE MORTGAGES
a. Federally Insured Home Equity Conversion Mortgage (HECM)	0	0	0	0
b. Proprietary Reverse Mortgage Products	0	0	0	0

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