Groton Municipal Employees Credit Union

About Groton Municipal Employees Credit Union

Groton Municipal Employees Credit Union Location

295 Meridian St
Groton, CT 06340

Phone: (860) 446-4121
Website: WWW.GROTONMEFCU.COM
Routing/Transit Number: Not Available

Groton Municipal Employees Credit Union Information

Groton Municipal Employees Credit Union of Groton, CT is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 1088 members and assets of $6,926,107, as compared to the national average of $93 million dollars of assets per credit union. Groton Municipal Employees Credit Union, first opened in 1956 and has been in operation since then. Additionally, Groton Municipal Employees Credit Union has 4 full time employees and 0 part time employees, or 272 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Groton Municipal Employees Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Groton Municipal Employees Credit Union is a not-for-profit, cooperative, tax-exempt organization.