2020 Overview
General Credit Union Information
Fortera is an NCUA insured institution located in Clarksville, TN. It was founded in 1954 and has approximately $606.6 millions in assets.
| NCUA Insured | Yes |
| Charter Number # | # 9759 |
| Date Established | 1954 |
| Assets | $606.60 million |
| Loans | $455.79 million |
| Deposits | $500.73 million |
| Capital | $86.30 million |
Field of Membership Restrictions
Deposit Rates - November 26, 2020
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.10% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
|
Premium Money Market Account
|
0.10% | $10,000 | $14,999 |
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|
|
Premium Money Market Account
|
0.20% | $25,000 | $34,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.15% | $2,500 | $3,499 | Learn More |
Loan Rates - November 26, 2020
Your Current Location: Connecticut, CT 06828
There are currently no loan rates available for FORTERA
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Connecticut 30 Year Fixed Mortgage Rates 2020
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
3.620% | 3.500% | 1.00 | $3,750 | $1,123 | Learn More |
NMLS ID: 3030 |
3.243% | 3.125% | 1.00 | $3,750 | $1,071 | Learn More |
NMLS ID: 424182 |
2.566% | 2.500% | 0.88 | $2,170 | $988 | Learn More |
NMLS ID: 1168 |
2.589% | 2.500% | 1.00 | $2,915 | $988 | Learn More |
Featured - Connecticut Home Equity Line Of Credit Rates 2020
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loans See Table |
2.240 %
|
$0 |
Learn More
More Info |
People's United Bank, N.A. See Table |
4.000 %
|
$0 |
Learn More
More Info |
Note to FORTERA
To upload and update your bank's rates please register.
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Branches
Below are Fortera branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Fairfield,Connecticut
Fortera Locations
Financial Details
Fortera Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Fortera. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Fortera | U.S. Average |
|---|---|
| 7.53% | 6.71 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of March 30, 2020, Fortera had $6,541,719 in non-current loans and $245,070 in owned assets. To cover these potential losses it had $86,298,775 in net worth and $3,802,460 in loans loss reserves. That gives it a Texas Ratio of 7.53%.
Net Worth
| Fortera | U.S. Average |
|---|---|
| 14.22% | 13.61% |
Fortera FCU has a net worth of 14.22% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Fortera
Branches and Savings
What is Fortera?
A federal credit union, registered with the NCUA under certificate #9759.
Learn more about credit unions here.
Is Fortera FDIC insured?
No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.
Who can join Fortera?
Please see Field of Membership information above for information on who is eligible to join.
How big is Fortera?
Fortera has total capital of $86.30 million. Full information on Fortera's financial position is located above.
Who owns Fortera?
Credit Unions are owned by their members.
Where are Fortera branches located?
See branch locations nearby.
Are Fortera ATMs Open 24/7?
Do Fortera ATMs accept cash deposits?
Can Fortera customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Fortera have a mobile app?
Does Fortera have mobile deposit?
Does Fortera have quick pay?
How can Fortera transfer money to other banks or credit unions?
Does Fortera report to credit bureaus?
Does Fortera use Chexsystems?
Does Fortera use Equifax?
What is Fortera's toll free phone number?
What is Fortera's ACH Routing Number?
What is Fortera's SWIFT code?
Where can I find Fortera's wire transfer form?
What is the Fortera address for deposits?
What Products Does Fortera Offer
Does Fortera offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
Tracey Mayberry
February 29, 2020
After being part of this credit union for many years have am closing my accounts. I deposited a very large check from an estate account they told me they needed to put a hold. No problem. The time is up. Called the main branch they agreed with me but said only the branch that put the hold on can do anything they have me the run around. My guess is they want to make money from my money. This cr credit union was ok until I came into real money. I asked several times what law said they can do this they could not answer.
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