Selfreliance Federal Credit Union is a federally chartered credit union serving members across multiple states, with branch locations in Connecticut (Wethersfield, New Britain) and Massachusetts (Westfield). As a member-owned financial institution, it operates under the credit union model where members are technically owners rather than customers of a commercial bank. The credit union offers a comprehensive suite of consumer financial products including checking and savings accounts, share certificates (CDs), auto loans, mortgages, personal credit cards, and commercial truck loans.
75% APY. They also provide digital banking services, wire transfers, Zelle money transfer capabilities, and mortgage refinancing with rate adjustment options. S.
banks. This provides significant convenience and cost savings compared to traditional banks with limited ATM footprints. The credit union also markets specific programs such as a 10% down mortgage option with no PMI for first-time homebuyers and competitive rate comparisons against national bank averages.
As a credit union, Selfreliance requires membership eligibility, though the website indicates they accept new immigrants with Ukrainian passports and offer account opening to this demographic. Members should verify they meet membership requirements before applying. The institution appears stable and established but operates with more limited branch presence than major national banks, which may impact convenience for some consumers.