NORTH HAVEN, Conn. – Continuing a trend that began in November 2000 when the first federally-chartered credit union in Connecticut converted to a state-charter, Southern New England FCU here was approved by the state Department of Banking to operate as a state-charter CU. The new name of the credit union is Southern New England Financial Credit Union. Before it converted, SNEFCU was the fourth largest federal credit union in the state. It has $254 million in assets and about 31,000 members. SNEFCU will count in its field-of-membership persons and their immediate family members who live, work, worship or attend school in Hartford, Middlesex, and New Haven counties of Connecticut as well as any and all businesses, corporations, organizations or associations located in the counties. SNEFCU is the sixth Connecticut federal credit union to convert to a state charter since 2000.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.