Business Details
50+ Years
experience
Your Trusted Credit Union in Waterbury, CT
Established in 1940, our credit union was founded to serve the financial needs of Waterbury Police Department members and their families. Over eight decades, we've expanded our membership to include employees of Wolcott and Naugatuck Police Departments, as well as Wolcott Highway Department workers. Our board of directors and supervisory committee ensure responsible financial stewardship while maintaining competitive rates on savings products and loans. With over 1,400 members, we continue evolving to meet modern banking demands while preserving our community-focused ethos. Our experienced leadership team, including CEO Claire Vastola, brings decades of institutional knowledge to our operations.We offer 24/7 ATM access, share draft checking accounts with no monthly fees, and specialized loan programs. Our commitment to financial education is demonstrated through scholarship sponsorships and personalized service. We maintain strict security protocols while providing convenient digital banking options. Our physical location at 255 E. Main St. serves as a trusted community hub for financial services. We prioritize member satisfaction through transparent fee structures and flexible account options. Our payroll deduction system and family membership benefits reflect our dedication to serving public servants' unique needs.
Services
Savings Accounts
Auto Loans
ATM Access
Certificates
Checking Accounts
Details
- Year established: 1940
Highlights and features
- Serving public servants since 1940 with specialized financial solutions
- 24/7 ATM access with no monthly service charges
- Competitive certificate rates with $1,000 minimum deposit
- Personalized loan programs for police and municipal employees
- Locally managed with deep community connections
Services
Savings Accounts
Our savings accounts offer secure money management with options for special savings goals. Members can establish Christmas clubs, vacation funds, or new baby accounts. Minimum deposit requirements vary by account type while maintaining competitive interest rates to help grow your savings.
Auto Loans
We provide financing options for both new and used vehicles with flexible terms. Our co-signer program accommodates special purchase needs like holiday travel or vacation vehicles. Loan applications can be submitted electronically or through our physical branch location with straightforward approval processes.
ATM Access
Cardholders receive four free ATM transactions monthly with 24-hour access to funds. The ATM located in Waterbury Police Department lobby allows convenient cash withdrawals and deposits. No minimum balance requirements apply to maintain ATM privileges.
Certificates
Our certificate programs require $1,000 minimum deposits with fixed interest rates for 1-year terms. These low-risk investment options provide guaranteed returns while maintaining FDIC insurance protection. Early withdrawal penalties apply to preserve investment growth.
Checking Accounts
Our checking accounts offer no monthly service charges with unlimited check writing privileges. Members receive free notary services and optional credit disability insurance. Account management includes ACH transfers and direct deposit capabilities for convenient financial operations.
People
Claire Vastola
CEO/Manager
Claire Vastola leads daily operations with oversight of all financial services and strategic planning. She manages staff and ensures regulatory compliance while maintaining community partnerships that support our scholarship programs and member services.
Stanley Stasaitis
Chairman
Stanley Stasaitis chairs the board of directors, providing governance oversight and strategic direction. He ensures financial stability and regulatory adherence while representing member interests through policy development and long-term planning initiatives.
Michael Ponzillo
Vice Chairman
Michael Ponzillo serves as Vice Chairman with responsibilities including board coordination and operational review. He focuses on maintaining our community-focused mission while supporting financial growth and member satisfaction programs.
Timothy Kluntz
Secretary
Timothy Kluntz manages official records and board communications as Secretary. He ensures accurate documentation of organizational decisions and maintains transparency in governance procedures while supporting member inquiries.
John Napiello
Director
John Napiello serves on the board of directors with oversight of financial policies and risk management. He contributes to strategic planning while maintaining focus on member needs and community development initiatives.
Questions
Who is eligible for membership?
Current and retired sworn members of Waterbury, Wolcott, and Naugatuck Police Departments, plus Wolcott Highway Department employees and their immediate family members.
What loan rates do you offer?
Competitive rates updated monthly. Visit our website or contact us directly for current auto loan and pledge share loan interest rates.
Is my money insured?
Yes, all deposits are federally insured up to $250,000 through the National Credit Union Administration (NCUA).
How do I apply for a loan?
Download our loan application from the website, complete it with paystub documentation, and submit via mail or fax to our Waterbury office.
What banking hours should I expect?
Our physical branch operates Monday-Friday 8:00 AM-3:30 PM. ATM services are available 24/7 at the Waterbury Police Department location.
