WCTFCU Ranked in Top 100 Best Performing Credit Unions

S&P 2023 Top 100 Credit Union's

S&P Global Market Intelligence once again ranked Waterbury CT Teachers Federal Credit Union in the top 100 best performing credit unions in the United States for 2023. The Credit Union’s ranking rose form number 62 in 2022 to number 31 in 2023. Out of the 1,801 credit unions that qualified nationwide there was only one other credit union in Connecticut in addition to WCTFCU to make the top 100. 

Each year, S&P Global Market Intelligence releases rankings for the best-performing credit unions based on five metrics: member growth, shares and deposits per member, net worth as a percentage of total assets, delinquent loans as a percentage of total loans, and return on average assets.

Criteria for the rankings included credit unions with over $100 million in total assets and a net worth ratio of at least 7% as of December 31, 2023. S&P Global Market Intelligence is a provider of information services and solutions to global markets.


The story of how the Credit Union started.

Waterbury CT Teachers Federal Credit Union (WCTFCU), was founded in 1934 by seven teachers and originated to serve any person employed as a teacher, supervisor or principal in the Waterbury public school system. The credit union began operations with 72 members and has grown to serve over 20,000 members in 28 towns in 3 counties and is considered the largest teacher credit union in Connecticut, with assets exceeding $300,000,000.

Membership now includes current, former and retired teachers, staff and administrators paid through the Board of Education working in public, private or parochial schools, or universities in the 28 CT towns we serve as well as their immediate family members.

We're part of the credit union movement that was founded on the philosophy of "people helping people" and strive every day to empower our members for financial success. 

We remain committed to delivering state of the art technologies alongside a traditional personal relationship-based partnership with our members.

Based in Middlebury CT with a second branch in Danbury, the credit union has expanded its product and services over the years to include modern and convenient digital banking services in addition to an expanded portfolio of loan and savings products.

Our volunteer Board of Directors includes current and retired educators from the schools we serve. Our member-based leadership ensures delivery of the best available products and services for our Members’ needs.

WCTFCU Board of Directors 2023

Board of Directors
Front row left to right: Thomas Fava, Karlyn Fitzpatrick, Lory Park-Knowles and Joseph DelDebbio
Back row left to right: Christopher Russo, John Fontaine, Peter McCasland and Robert Haxhi
Missing from photo:  Susan Troupe


WCTFCU Board of Directors

Peter McCasland, Chairman
Robert Haxhi, Vice Chairman
Lory Park-Knowles, Treasurer
John Fontaine, Secretary
Nilda Almonte
Joseph DelDebbio
Thomas Fava 
Karlyn Fitzpatrick
Christopher Russo

Supervisory Committee

Joseph DelDebbio, Chairman
Jamie Butler
Patrick Ospalek
Janet Sweetland