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Because we are a financial cooperative the source of all our lending comes from our member deposits. We are not for profit so the Torrington Municipal & Teachers Federal Credit Union offers some of the most competitive rates around.
If you are looking to borrow for a new automobile, RV, motorcycle, a Home Equity loan, a personal loan or for whatever reason Torrington Municipal & Teachers Federal Credit Union has a loan that is right for you.
We offer a wide range of loan products and repayment options that make borrowing quick, easy, convenient and affordable. In addition to our great rates our Classic Members (those members who use four or more of our services one of which must be a loan) will receive an additional 25 basis points off our regular loan rates.
We never charge a pre-payment penalty on any credit union loan. You may apply either in person, on line or by fax. All of our loans charge simple interest so your finance charge is based on the amount you owe not what you borrowed. Our loans are reviewed daily and all of our policies are established by our Board of Directors and implemented by our Loan Officer and staff. Policies are subject to change periodically to reflect economic conditions. Repayment options available are payroll deduction, cash with a coupon book or direct withdrawal from a checking or savings account.
Torrington Municipal & Teachers Federal Credit Union loans include the following:
- Automobile, trucks, boats, motorcycles (at the same rate), new and used, 100% financing available
- Personal loans for emergencies, debt consolidation, vacations, automobile repair or other unexpected expenses.
- Share Secured loans. Secure your loan with deposits in your savings or share certificate accounts. Attractive interest rates while you continue to earn dividends on your savings.
- RV Loans
- Second Mortgages and Home Equity Lines of Credit
- VISA Credit Cards
Loan protection insurance is available on all regular rate loans for a small monthly fee. In addition, low cost gap insurance and disability insurance are also available on all loans.
Please contact us for more information (860) 489-2212 or apply here for an instant decision. Click here for our current rates.
