Connecticut State Capitol

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


LEAGUE: Credit Union League of Connecticut

STATS: (As of Dec 2020)

  • TOTAL # SCUs: 28
  • TOTAL # FCUs: 62
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 31% of 90 CT CUs
  • TOTAL $ SCU ASSETS: $8,171,938,439
  • TOTAL $ FCU ASSETS: $4,885,674,956
  • TOTAL ASSETS: $13,057,613,395

FUN FACT: Mary Kies, of South Killingly was the first woman to receive a U.S. patent. On May 15th, 1809 for a method of weaving straw with silk.


Foreclosure Mediation

MAR 16, 2021 — Great news! The Connecticut Banking Committee will be meeting to vote on the substitute language of bills they have heard prior to their JF Deadline this Thursday, March 18th. That means they will be voting on the Foreclosure Mediation Program bill before them again this year to extend the deadline again. As you know the program began when foreclosure rates were at a high due to the financial crisis, and it was never intended to become permanent. We testified that due to Bruce’s experiences serving the state, he has a unique insight into the intent and process of the Foreclosure Mediation Program as an architect in developing the programming language in the Governor’s Office, and again after its passage in implementing the program as acting Commissioner at the CT Department of Banking.

Click on the title to read the full release.

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