Credit union · NCUA insured
Ellafi Federal Credit Union
A $177.8M credit union headquartered in Middletown, CT, with 9,893 members and 3 branches in Connecticut. Best rates: CDs 4.00% and savings 0.50% APY.
Ellafi Federal Credit Union Carrot Score
77
Carrot Score
Higher than 43% of U.S. banks and credit unions
#21 of 41 in Hartford, CT metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Ellafi Federal Credit Union
Ellafi Federal Credit Union is a Connecticut-based, member-owned cooperative serving 25 towns across Connecticut, dedicated to empowering women+ and their allies.
Operating for over 90 years, the credit union evolved from a small group of teachers and was previously known as Seasons.
- Headquarters
- 524 S Main St, Middletown, CT 06457-4215
- NCUA charter
- 854
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Eligibility is open to individuals who live, work, worship, attend school, or volunteer in Branford, Cheshire, Chester, Clinton, Cromwell, Deep River, Durham, East Haddam, East Hampton, East Haven, Essex, Guilford, Haddam, Higganum, Killingworth, Madison, Meriden, Middlefield, Middletown, North Branford, North Haven, Old Saybrook, Portland, Wallingford, or Westbrook.
Family and household
- Eligibility is open to individuals who are related to a current Ellafi member.
Cost to join
- A minimum deposit of at least $5 is required to get started.
Branches
3 branches in Connecticut
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Connecticut
3 branches
Hartford area · 1
- Main OfficeMain office524 S Main St, Middletown, CT 06457Directions
New Haven area · 1
- Meriden Branch1371 E Main St Ste 9, Meriden, CT 06450Directions
Middletown area · 1
- 635d635D S Main St, Middletown, CT 06457Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 7.29% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.33% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.11% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $70 | $76 | — |
- CapitalNet worth ratio7.29%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.33%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.11%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$70Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Ellafi Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.