Member Eligibility
At Nutmeg State Financial, we believe that everyone deserves a chance to be part of a supportive community. Becoming a member is straightforward and welcoming! If you live, work, worship, or attend school in Hartford County, you're already eligible to join us. This means that your connection to our vibrant community can open the door to fantastic financial opportunities tailored just for you. Membership comes with benefits like personalized service, competitive rates on loans, and access to our range of financial products designed to help you thrive. To learn more about what it takes to become a member, feel free to check out the detailed eligibility criteria. If you're ready to take the next step, opening an account is simple! Just give us a call at (860) 513-5750, or visit us at our branch located at 270 Broad St Manchester Ct 06040. We're excited to welcome you into our family!
Financial Strength
At Nutmeg State Financial, 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 strive to create an environment where our members feel confident in their financial choices, knowing they are supported by a robust and reliable institution. 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 $86,284,471, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 12.49% 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 $189,323,121 in share certificates and $80,424,170 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 $64,485,906 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With $7,555 in used auto loans and $540,451,462 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our operational efficiency is reflected in our $1,101,404, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 116 full-time employees and 5 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $3,625,538. Total Share and Deposit Accounts: 100,292, 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, Nutmeg State Financial is your trusted partner. Visit us at 270 Broad St Manchester Ct 06040 or call (860) 513-5750 to learn more about how we can help you achieve your financial goals.
