Branch History & Mission
At Northwest Hills, we believe in the power of community and the importance of financial wellness. Since our establishment in 1954, we've grown from a small credit union into a trusted financial partner for over 3,800 members in Torrington, Connecticut. Our commitment to providing personalized service and innovative solutions has been the cornerstone of our success. Located at 339 N Elm St, Torrington, CT 06790, our branch is easily accessible and proud to serve its local community. Just a stone's throw away from popular landmarks such as the Torrington Historical Society and nearby parks, our location is central to the lives of many residents. While members can visit us at this address, official correspondence should be sent to our mailing address: 339 N Elm St, Torrington, CT 6790. Our mission at Northwest Hills is simple yet powerful: to empower individuals and families through accessible financial services while giving back to the community we cherish. We strive to foster a welcoming environment where all members feel valued and supported. From checking and savings accounts to auto loans and credit cards with rewards, we offer a wide range of services tailored to meet the unique needs of each member. Over the years, we've achieved significant milestones that reflect our growth and dedication. With total assets reaching an impressive $42,426,499, we've established ourselves as a financially stable institution ready to help members achieve their dreams. Our operating hours are designed for convenience open Monday through Friday from 8:00 AM to 5:00 PM, with extended hours on Thursday until 6:00 PM and Saturday from 9:00 AM to 12:00 PM. Northwest Hills embraces modern technology while ensuring accessibility for everyone. We provide online banking options along with mobile applications for easy access to accounts anytime. For those who prefer face-to-face interaction, we also offer drive-thru banking services for deposits and withdrawals. Community support is at the heart of what we do. Through various partnerships and outreach efforts, we actively contribute to local initiatives aimed at improving the quality of life in Torrington. Whether it's sponsoring events or supporting local charities, we are dedicated to making a positive impact. We invite you to join our family at Northwest Hills. Experience the difference that comes with being part of a community-focused credit union that prioritizes your financial wellbeing above all else. Visit us today or call us at (860) 496-7326 to learn more about how we can support your financial journey!
Financial Strength
At Northwest Hills, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that the strength of our credit union directly impacts your peace of mind, which is why we are committed to transparency about our financial health. Our performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $4,038,735, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 9.52% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $4,923,798 in share certificates and $1,427,845 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $2,509,814 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $1,650 in total auto loans and a robust total of $19,821,161 in loans and leases. Our operational efficiency is highlighted by our net income of $410,929, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 8 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Net Shares (Funds available for lending and investments): $150,277. Total Share Accounts: 7,585, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Northwest Hills is your trusted partner. Visit us at 339 N Elm St Torrington Ct 06790 or call 860-496-7326 to learn more about how we can help you achieve your financial goals.
