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Faith Tabernacle Baptist Credit Union

Overview
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Faith Tabernacle Baptist Credit Union is a federal credit union based in Stamford, Connecticut. It has been opened since 1956, for 64 years.

With around $160,000 in assets, Faith Tabernacle Baptist Credit Union is considered to be a small credit union.

About
Address 29 Grove Street
Stamford, Connecticut 06901
Phone (203) 348-8755
Fax (203) 348-1890
CEO Edith Shamsid-Deen
President of the Board Mary Shepard
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
195 members
Membership type: Associational – faith based
Below average number of members
390:1
Credit union member to staff ratio
390 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$164,152
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Average number of branches
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Average number of branches
Faith Tabernacle Baptist Credit Union Branch Locations
Members
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195 members
Membership type: Associational – faith based
Below average number of members

With 195 members, the Faith Tabernacle Baptist Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 97% of credit unions.

Fees
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$10
Average fee per member
The average fee per member at the Faith Tabernacle Baptist Credit Union is $10, which is very low compared to most credit unions. This rate is lower than 82% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Faith Tabernacle Baptist Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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390:1
Credit union member to staff ratio
390 per each FTE employee
Compared to 411:1 nationally
Average number of staff
0 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 1 part-time

Faith Tabernacle Baptist Credit Union has 0 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Faith Tabernacle Baptist Credit Union has around 390 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$164,152
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
8.2%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$2,829
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 96% of credit unions.

Faith Tabernacle Baptist Credit Union holds a total of $60,000 in loans and leases, which is about $2,829 per member on average.

Savings interest rate
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Loan rates
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11.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
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