Chartered 1936 as Hartford Telephone Federal Credit Union by employees of Southern New England Telephone (now AT&T), we have expanded our reach to serve a greater number of people. Beyond opening our doors to AT&T, we also serve over 215 select employee groups, and through mergers, the employees of Stanley Works (now Stanley Black & Decker), Skinner Valve, Fenn Manufacturing, Merrow Machine, Connecticut State Grange Members, Manpoe Federal Credit Union and The Phoenix Employees Federal Credit Union.
In October 2006, as a result of economic realities, such as downsizing and restructuring of many sponsor companies, and the complex array of other financial options and institutions from which to choose, we changed our charter to a community based one, and opened membership up to anyone who lives, works, worships, attends school or volunteers in Hartford County, Middlesex County, or Tolland County, Connecticut. Credit unions must steadily grow membership to survive.
To join, individuals make a $5 deposit into a savings account, or “share.” Shares are the basic savings plan and members’ ownership equity. Every member is an owner, with an equal right to vote for the board of directors.
As a full-service financial institution, with products such as savings, checking, VISA® Credit Card, ATM/Debit cards, 24-hour banking, mortgages, direct deposit, payroll deduction, Kidz Club, financial planning, and electronic services such as e-Banking, e-Pay, e-Statements, e-Deposits, a Mobile App e-Loan, e-Mortgage and e-HomeEquity, we continue to look for ways to expand our list of convenient services.
With branches in Rocky Hill, Manchester, New Britain, East Windsor, Hartford, Glastonbury and in the Newington Price Chopper, we provide members a friendly environment in which to bank, and take pride in educating consumers as to what a credit union truly is and the advantages membership affords.
Our ultimate hope is that all members will think of us first for all their financial needs. Nutmeg State Federal Credit Union was founded on the simple premise: “Dividends in fellowship,” and we still strive to exceed member expectations by offering more personalized service, better loan rates, and higher yields on savings accounts. We understand that the financial world is evolving, but that doesn’t distract from our goal of building strong relationships and creating members for life.