Polam Credit Union55 Broad St, New Britain, CT

New Britain, CT
(860) 223-0200
NCUA Insured

About Polam

This branch of Polam is located at 55 Broad St in New Britain, Connecticut, and can be reached at (860) 223-0200. Polam is a federally insured financial cooperative serving the New Britain, Connecticut community. Established to provide a secure alternative to big banks, they focus on member service rather than profits. If you are comparing options, you can also browse other credit unions in New Britain or review your personal loan options.

Not-for-Profit

Profits are returned to members via better rates & lower fees.

Community Focus

Local decision making and support for the New Britain area.

Key Member Benefits

  • Bilingual Services

    Full service available in multiple languages to support our diverse community.

  • Low-Cost Wire Transfers

    Affordable wire transfer services, making it easier to send money domestically or internationally.

  • Free Checking

    No-cost share draft accounts (checking) with no monthly maintenance fees.

Location & Branch Hours

Visit Branch

55 Broad St

New Britain, CT 06053-4312

Need Funds Before You Join?

How to Join

Membership at Polam is typically open to individuals who live, work, worship, or attend school in New Britain and surrounding areas.

Standard Requirements:

  • Valid Government ID (Driver's License, Passport)
  • Social Security Number (SSN)
  • Proof of Address (Utility bill, Lease)
  • Small opening deposit (Usually $5 - $25)

We recommend contacting the branch at (860) 223-0200 to confirm your eligibility before visiting.

Membership and underwriting can take time. If you need funds while your application is in progress, you can explore installment loans or, if your credit history is still developing, review loan options for bad credit.

Services and Loan Types

Like most credit unions, Polam typically offers the following services. If you want to weigh these against online options, you can compare debt consolidation loans or, for those rebuilding their score, look at loans for fair credit:

Loans & Credit

  • Personal Loans: Unsecured loans for debt consolidation or emergencies.
  • Auto Loans: Financing for new and used vehicles.
  • Home Loans: Mortgages and Home Equity (HELOC).
  • Credit Cards: Low-rate Visa/Mastercard options.

Banking & Savings

  • Checking Accounts: Often free with no minimum balance.
  • Savings Accounts: Share accounts with dividends.
  • CDs & IRAs: Long-term savings options.
  • Online Banking: Mobile app and remote deposit.

Verified Branch Services

ATM

Frequently Asked Questions

Is Polam federally insured?

Yes, as a federally chartered or insured credit union, accounts are insured by the **NCUA (National Credit Union Administration)** up to $250,000. This offers the same level of protection as FDIC insurance at traditional banks.

Who can join this credit union?

Field of membership typically includes residents of New Britain, employees of specific local companies, or family members of existing members. Contact the branch directly for the most current eligibility list.

Other Polam Locations

1 additional branch in 1 state

Colorado

1 location

9227 E Lincoln Ave Ste 200

1681 mi away(303) 439-2881

Credit Unions Near Me in Other Connecticut Cities

Looking for credit unions near me in other Connecticut cities? Browse credit unions in nearby locations:

View all credit unions in Connecticut

If Polam Credit Union isn't the right fit

To borrow from Polam Credit Union you generally need to qualify for membership and meet its lending criteria, and not every applicant is approved. If you don't qualify, need to compare rates, or want to review more options, you can connect with online lenders serving Connecticut. Applying is quick, and funds may be available as soon as the next business day after approval.

Fast Fair Loans is not a lender, does not make credit decisions, and cannot guarantee loan approval or amount. Loans are not available in all states.