Connecticut

Connecticut State Capitol

REGULATING AGENCY: State of Connecticut Department of Banking; Financial Institutions Division

ACCREDITED: 1990

LEAGUE: Credit Union League of Connecticut

PRIVATE SHARE INSURANCE: No

STATS: (As of October 2021)

Total Number of Credit Unions: 87

  • TOTAL # SCUs: 28
  • TOTAL # FCUs: 59
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 32%

Total Assets: $14,264,696,203

  • TOTAL $ SCU ASSETS: $8,962,482,986
  • TOTAL $ FCU ASSETS: $5,302,213,217
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 63%

Total Members: 932,894

  • TOTAL Members SCUs: 527,386
  • TOTAL Members FCUs: 405,508
  • SCU % OF TOTAL (SCUS/STATE TOAL): 57%

FUN FACT: The first law regulating the speed of motor vehicles was created in this state in 1901. The first speed limit was 12 miles per hour.


RECENT NEWS:

Former Connecticut Financial Institutions Division Director, Mary Ellen O’Neill is the 2022 Pierre Jay Winner

The National Association of State Credit Union Supervisors (NASCUS) proudly announces that Mary Ellen O’Neill, former Connecticut Financial Institutions Division Director, is the 2022 Pierre Jay Award recipient.

This award, named after Pierre Jay, the first Commissioner of Banks in Massachusetts and first credit union regulator in the United States, is the highest honor NASCUS bestows and recognizes those with proven service, commitment, and leadership to NASCUS and the state-charter system.

Ms. O’Neill has served as the Connecticut FID Division Director since 2004, following the merger of the Bank Examination Division and Credit Union Divisions. The FID has regulatory oversight of State banks and credit unions, international banks, trust banks, and uninsured banks chartered by the Connecticut Department of Banking.

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