Credit union
CorePlus Credit Union
Norwich, Connecticut, Southeastern Connecticut Planning Region, CT
$676M in total assets and 50,091 members, the 640th largest of 4,298 US credit unions and 7th of 64 headquartered in Connecticut.
- NCUA charter
- 1148
- Charter
- Federal
- Chartered
- 1936
- NCUA insured since
- 1971
- Field of membership
- Multiple common bond - other
- Website
- http://www.coreplus.org
At a glance
Compared with 15 federally insured credit unions in Connecticut with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $676M | 93% | $176M | |
| Loans | $519M | 93% | $112M | |
| Deposits (shares) | $561M | 93% | $161M | |
| Members | 50,091 | 93% | 15,953 | |
| Return on assets | 1.41% | 87% | 0.72% | |
| Net interest income to assets | 4.13% | 87% | 3.85% | |
| Efficiency ratio | 67.6% | 13% | 83.3% | |
| Net worth ratio | 10.96% | 60% | 10.55% | |
| Loans to shares | 92% | 93% | 70% | |
| Cost of deposits | 1.37% | 80% | 1.06% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 12.8% a year over 10 years and 18.5% a year over the last 5, including 2 mergers in the last 10 years. Membership grew 13.0% a year over 5 years, to 50,091.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Oct 2025 | Scient Federal Credit Union Credit union, Groton, CT | $325M |
| May 2018 | Connecticut Community Credit Union Credit union, Pawcatuck, CT | $21M |
Where they operate
11 branches in 3 counties.
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Southeastern Connecticut Planning Region, CT | 9 | 8.8% | 4 of 23 |
| Northeastern Connecticut Planning Region, CT | 1 | 4.0% | 7 of 10 |
| South Central Connecticut Planning Region, CT | 1 | 0.6% | 21 of 45 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 9 | |
| 2017 | 9 | 0 |
| 2018 | 11 | +2 |
| 2019 | 7 | −4 |
| 2020 | 7 | 0 |
| 2021 | 7 | 0 |
| 2022 | 7 | 0 |
| 2023 | 7 | 0 |
| 2024 | 7 | 0 |
| 2025 | 11 | +4 |
| Jun 2026 | 11 | 0 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.39% | 0.73% |
| Net worth ratio | 10.96% | 10.55% |
| Loans to shares | 92% | 70% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Connecticut
Most branches in Southeastern Connecticut Planning Region, CT
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.