About Us

What is a Credit Union?

A credit union is a cooperative financial institution. This “not-for-profit, but for service” philosophy allows a credit union to provide lower fees, higher dividend rates and better products and services for its members. This allows all members to share in the benefits.

Credit unions can either be state or federally chartered. First Connecticut was chartered by the State of Connecticut and is examined by the Department of Banking each year. The National Credit Union Administration (NCUA) provides deposit insurance for all credit unions. Member accounts are insured to at least $250,000, so you can rest assured your funds are safe.

First Connecticut’s Story

First Connecticut Credit Union, Inc. is a full-service financial institution established in 1979 to serve workers of companies throughout Connecticut with less than 500 employees. Because First Connecticut Credit Union’s membership is statewide, our use of technology is an integral part of our product and service development.