Torrington Municipal And Teachers Federal Credit Union


777 East Main St
Torrington, CT 06790
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Notable Rates APY Vs.Others
Savings N.A. 1.65% →
1-Year CD N.A. 2.02% →
2-Year CD N.A. 3.00% →
5-Year CD N.A. 3.35% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Torrington Municipal And Teachers is an NCUA insured institution located in Torrington, CT. It was founded in 1960 and has approximately $75.59 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 14003
Date Established 1960
Assets $75.59 million
Loans $28.06 million
Deposits $70.00 million
Capital $5.46 million

Field of Membership Restrictions

Anyone who lives, works or goes to school in Litchfield County. All businesses are entitled to membership.

Deposit Rates - June 27, 2022

Your Current Location: Connecticut, CT 06828

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Loan Rates - June 27, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for TORRINGTON MUNICIPAL AND TEACHERS

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 2022

Lender APR Rate (%) Points Fees Monthly
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First Internet Bank
NMLS ID: 424182
5.454% 5.375% 0.88 $2,200 $1,400 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

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Below are Torrington Municipal And Teachers branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Torrington Municipal And Teachers Locations

Climate Initiatives

TORRINGTON MUNICIPAL AND TEACHERS is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Torrington Municipal And Teachers Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Torrington Municipal And Teachers. 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
Torrington Municipal And Teachers U.S. Average
2.65% 4.85

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 December 31, 2021, Torrington Municipal And Teachers had $122,414 in non-current loans and $26,546 in owned assets. To cover these potential losses it had $5,455,292 in net worth and $167,963 in loans loss reserves. That gives it a Texas Ratio of 2.65%.

Net Worth
Torrington Municipal And Teachers U.S. Average
7.21% 12.36%

Torrington Municipal And Teachers FCU has a net worth of 7.21% versus the BestCashCow average of 12.36. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.


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