WCTFCU Ranked in Top 100 Best Performing Credit Unions
Waterbury CT Teachers Federal Credit Union has been ranked number 62 out of 100 in the S&P Global Market Intelligence's 2022 rankings of the Top 100 Best-Performing Credit Unions. Out of 109 credit unions in Connecticut, we were the only credit union to make the top 100!
Criteria for the rankings included credit unions with more than $100 million in total assets and a net worth ratio of at least 7% as of Dec. 31, 2022. Based on these criteria, 1,797 credit unions qualified for the ranking.
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.