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Tri-Town Teachers Credit Union

Overview
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Tri-Town Teachers Credit Union is a federal credit union based in Westport, Connecticut. It has been opened since 1955, for 65 years.

With around $21,480,000 in assets, Tri-Town Teachers Credit Union is considered to be an average size credit union.

About
Address 61 Jesup Road
Westport, Connecticut 06880
Website http://www.tritownteachers.org
Phone (203) 227-8511
Fax (203) 227-0266
CEO David A. Ritch
President of the Board Joyce Gentilozzi
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
2,190 members
Membership type: Multiple common bond – primary educational
Below average number of members
398:1
Credit union member to staff ratio
398 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$21,484,423
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
7.95%
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
Average number of branches
Tri-Town Teachers Credit Union Branch Locations
Members
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2,190 members
Membership type: Multiple common bond – primary educational
Below average number of members

With 2,190 members, the Tri-Town Teachers Credit Union is considered to be a small credit union. It is smaller than 63% of credit unions.

Fees
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$53
Average fee per member
The average fee per member at the Tri-Town Teachers Credit Union is $53, which is comparable to most credit unions. This rate is lower than 47% of all credit unions.
Fees are 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 Tri-Town Teachers Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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398:1
Credit union member to staff ratio
398 per each FTE employee
Compared to 411:1 nationally
Average number of staff
6 staff members
FTE (full-time equivalent)
17% of employees are part-time
5 full-time, 1 part-time

Tri-Town Teachers Credit Union has 5 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 83% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Tri-Town Teachers Credit Union has around 398 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$21,484,423
Total assets
Average size
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.
9.6%
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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$20,012
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 91% of credit unions.

Tri-Town Teachers Credit Union holds a total of $18,530,000 in loans and leases, which is about $20,012 per member on average.

Savings interest rate
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0.20%
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. Tri-Town Teachers Credit Union pays 0.20%.

Loan rates
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7.95%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates
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2.99%
New car loan rate
Compared to 4.0% nationally
2.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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