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The New Haven Police And Municipal Credit Union

Overview
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The New Haven Police And Municipal Credit Union is a federal credit union based in New Haven, Connecticut. It has been opened since 1956, for 64 years.

With around $5,440,000 in assets, The New Haven Police And Municipal Credit Union is considered to be a small credit union.

About
Address 1 Union Avenue
New Haven, Connecticut 06519
Phone (203) 562-8318
Fax (203) 562-4746
CEO Nancy Zito
President of the Board Anthony Duff
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
900 members
Membership type: Federal, State, Local Government
Below average number of members
300:1
Credit union member to staff ratio
300 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$5,440,164
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Average number of branches
0.50%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Average number of branches
The New Haven Police And Municipal Credit Union Branch Locations
Members
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900 members
Membership type: Federal, State, Local Government
Below average number of members

With 900 members, the The New Haven Police And Municipal Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 82% of credit unions.

Fees
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$1
Average fee per member
The average fee per member at the The New Haven Police And Municipal Credit Union is $1, which is very low compared to most credit unions. This rate is lower than 93% 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 The New Haven Police And Municipal Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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300:1
Credit union member to staff ratio
300 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
3 staff members
FTE (full-time equivalent)
50% of employees are part-time
2 full-time, 2 part-time

The New Haven Police And Municipal Credit Union has 2 full-time staff members and 2 part-time staff members. The staff is comprised of part-time and full-time staff, with part-time staff approximately 50% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. The New Haven Police And Municipal Credit Union has around 300 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$5,440,164
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.
29.2%
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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$10,064
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 50% of credit unions.

The New Haven Police And Municipal Credit Union holds a total of $3,410,000 in loans and leases, which is about $10,064 per member on average.

Savings interest rate
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0.50%
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. The New Haven Police And Municipal Credit Union pays 0.50%.

Loan rates
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8.64%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.99%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.30%
New car loan rate
Compared to 4.0% nationally
6.10%
Used car loan rate
Compared to 5.2% nationally
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