Our Members. Waterbury CT Teachers Federal Credit Union’s 20,000+ membership includes current, former & retired teachers, staff & administrators paid through the Board of Education, private or parochial schools, or universities in the 28 CT towns we serve; and their immediate families.

Eligible employees in the following towns and schools are welcome to join the Waterbury CT Teachers Federal Credit Union (WCTFCU). 

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


Credit Unions are not-for-profit organizations that exist to serve their members, rather than to maximize corporate profits. Credit Unions operate in the best interests of their Members and promote thrift while offering great financial services.

is a Member-owned, Member-directed, full-service, $300,000,000+, co-operative financial institution. We offer a complete portfolio of highly competitive financial products.

Q. What is a Credit Union? How is it different from a Bank? 
A. Here is a great resource for answering this question! Visit the National Credit Union Association's (NCUA) official site, mycreditunion.gov for straightforward, clear information.


Low Risk = Great Rates & Benefits! Membership is a special benefit of your employment. Our closed-membership’s attractive, low-risk profile, and our lean organization enables WCTFCU to offer extremely competitive rates and unique benefits. Qualified Members may receive up to $30,000 in life insurance per Member.


88+ Year Legacy. Founded in 1934 by teachers, WCTFCU remains a trusted place to save, borrow and manage your money at competitive rates, with individual attention, personal service, impressive value added benefits, and limited fees.


Based in Middlebury, CT with a second branch in Danbury, and an e-branch on your smartphone, tablet & computer! WCTFCU is virtually everywhere our Members go; through our website, online banking, mobile app, #800, social media and more. All for your convenience.


How To Join. Join online or in person. Your completed Application, copy of your Driver’s License or legal photo ID, and $5 minimum deposit into your new Savings Account avails you to Membership, all of the advantages delivered by our broad portfolio of versatile products, and exclusive Membership benefits.

Click for Membership Info & Application

The WCTFCU Story

The Waterbury Connecticut Teachers Federal Credit Union charter application signed November 8, 1934. The application was subscribed to by seven Waterbury teachers.

Our credit union was organized to serve any person employed as a teacher, supervisor or principal in the Waterbury public schools. With John M. Brophy as president, and James E. Moran as secretary, the 72-member Waterbury Connecticut Teachers Federal Credit Union began operations on December 6, 1934. The early founders and promoters included Gerard McEvoy, Mary Kennedy, Mary Morris, Mary Clarkin, Aidan Donahue, Arthur Dowling, Lucy Shanahan, Thomas Nolan, Laura Stanton, William F. Moran and William B. Elwell.

By the second annual credit union meeting, membership had grown to 260, savings increased to $15,063.87, and loans totaled $8,811.00. The credit union continued to show steady growth over the next few years, and on June 28, 1938, at a special Board meeting, it was agreed that employees of the Naugatuck and Watertown school systems would be accepted as members.

Over the years, WCTFCU has experienced tremendous growth. WCTFCU now serves public and parochial schools in 28 Connecticut towns within 3 counties, and is the largest teacher credit union in Connecticut, with more than 20,000+ members and assets exceeding $300,000,000.

Contemporary Services, Traditional Values
Today, our state of the art digital services include this website, secure mobile apps with P2P & mobile check deposit, online banking & bill-pay, e-statements, social media, email communications and more. We remain committed to delivering state of the art technologies & capabilities, alongside traditional relationship-based partnership; for the improved convenience, security and service of our Membership.