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:

Connecticut CU & Massachusetts Corporate CU Appoint New CEOs
Howard Brady takes the helm at American Eagle Financial CU and Cindy Nelson leads EasCorp.

January 05, 2022 — Howard Brady has been appointed president/CEO of American Eagle Financial Credit Union in East Hartford, Conn.

He succeeds Dean Marchessault, who retired at the end of last year. Over his seven years as CEO, American Eagle Financial’s assets grew from $1.3 billion to $2.3 billion, while total loans increased from $888 million to more than $1.6 billion and membership expanded from 107,507 to 172,756, according to the credit union’s Call Reports.

Brady, who took over as CEO on Monday, has served as SVP and chief lending officer at AEFCU since 2015.

Howard Brady

“His leadership and proven performance make him a natural successor to Dean, whose tenure has produced impressive growth and success for our organization,” AEFCU Board Chair Michael P. DePasquale said in a prepared statement. “We thank Dean for his contributions and wish him all the best.”

Brady joined American Eagle in October 2014 as vice president, real estate lending. Before he arrived at AEFCU, Brady held numerous positions in the financial, credit union, mortgage lending and ticketing industries. AEFCU’s 328 employees operate 16 branches and a corporate office.

READ MORE


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