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Fd Community Credit Union

Overview
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Fd Community Credit Union is a federal credit union based in Waterbury, Connecticut. It has been opened since 1934, for 86 years.

With around $81,180,000 in assets, Fd Community Credit Union is considered to be a large credit union. It has 1 branches and 2 ATM locations.

About
Address 601 Watertown Avenue
Waterbury, Connecticut 06708
Website http://www.fdcommunityfcu.org
Phone (203) 753-9201
Fax (203) 756-6886
CEO David Sacco
President of the Board Joseph Delbuono
Services Offered
Map
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Score Card
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86 years
Years in business
Opened in 1934
Well Capitalized
Net worth classification
Source: NCUA
9,230 members
Membership type: Community credit union
Above average number of members
450:1
Credit union member to staff ratio
450 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$81,184,022
Total assets
Above average
1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
9.97%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Above average number of branches
Fd Community Credit Union Branch Locations

Fd Community Credit Union: Watertown Avenue
601 Watertown Avenue
Waterbury, Connecticut 06708
ATM Available
Fd Community Credit Union: Meriden Road
281 Meriden Road
Waterbury, Connecticut 06705
ATM Available
Members
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9,230 members
Membership type: Community credit union
Above average number of members

With 9,230 members, the Fd Community Credit Union is considered to be a large credit union. It is larger than 69% of credit unions.

Fees
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$77
Average fee per member
The average fee per member at the Fd Community Credit Union is $77, which is high compared to most credit unions. This rate is higher than 72% of all credit unions.
Fees are higher 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 Fd Community Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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450:1
Credit union member to staff ratio
450 per each FTE employee
Compared to 411:1 nationally
Fewer staff
20 staff members
FTE (full-time equivalent)
5% of employees are part-time
20 full-time, 1 part-time

Fd Community Credit Union has 20 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 95% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Fd Community Credit Union has around 450 members per staff, a higher ratio compared to other credit unions.

Assets
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$81,184,022
Total assets
Above 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.
10.2%
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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$10,282
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 51% of credit unions.

Fd Community Credit Union holds a total of $59,840,000 in loans and leases, which is about $10,282 per member on average.

Savings interest rate
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Fd Community Credit Union pays 0.25%.

Loan rates
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9.97%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
13.12%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.54%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.41%
New car loan rate
Compared to 4.0% nationally
8.32%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.80%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.66%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.44%
Other real estate loan rates
Compared to 0.9% nationally