Credit unions in Connecticut

Credit union: In the state of Connecticut, there are 93 headquartered credit unions operating more than 200 branch offices for their members. Over 918,000 people in the state belong to a cooperative. That is roughly 25% of the population of the state itself. The largest credit union in the state in terms of assets is the Connecticut State Employees Credit Union, with almost two billion in assets. The largest cooperative in terms of members is American Eagle Financial Credit Union, with over 151,000 members. 

There are several credit unions in the state that offer membership to those in certain professions, like teaching or law enforcement. There are also several that are exclusively for employees of certain companies. However, you can still find a few credit unions in the state who admit members based on geography. If you live/work/worship in specific counties/cities, you are eligible to join that credit union. 

Car insurance: Car insurance is quite expensive in Connecticut. While a variety of reasons determine the price of insurance, it is suspected that rates are high in the state because of its proximity to New York City. Companies presume some of the traffic issues that exist in the city will filter into this neighboring state as well. Coverage requirements aren’t very high at only $25,000 for property liability and $25,000 per person bodily injury. However, state officials strongly suggest carrying a higher level of coverage. 

It does not appear that a lot of credit unions offer their own auto insurance policies to their members. However, several have partnered with reputable insurance companies to offer car insurance and other insurance products to their members. Many use TruStage to provide products to their members at discounted rates. 

Always take the time to compare rates of products like auto insurance. There is no need to pay more for a product than you have too.