Polam Federal Credit Union, located at 55 Broad Street in New Britain, Connecticut, operates as a member-owned financial cooperative. Established to serve its field of membership, the organization functions as a depository institution that accepts deposits, enables savings and checking accounts, and provides access to basic financial services to its members. As a credit union, Polam Federal emphasizes democratic governance, with members commonly having a voice in its affairs and electing representatives to its board of directors.
Historically rooted in the cooperative banking model, the institution focuses on serving individuals who share common bond criteria, with its operations shaped by member-focused principles rather than maximizing profit for outside shareholders. Its primary functions typically include loan origination and servicing, routine financial transactions, and providing educational resources to help members manage their finances. The organization operates within the regulatory framework governing federally insured credit unions, maintaining compliance and oversight appropriate to its charter and membership requirements. Its scope centers on delivering accessible financial services to its community of members.
Better than 78% of providers in New Britain
In addition to the primary service, Polam Federal Credit Union also offers:
Other providers in New Britain with similar ratings:
Polam Federal Credit Union is a verified financial service provider. This means we have confirmed their business information, contact details, and they have received customer reviews. You can trust this provider for your financial needs.
Find answers to common questions
Polam Federal Credit Union is listed as a financial service provider in New Britain, CT and must follow both state and federal regulations that apply to this type of business. As with any financial provider, you should review the agreement carefully before signing, make sure you understand all fees and repayment terms, and only use official contact details from this page or the company's own website. Avoid sharing personal or payment information with anyone who contacts you unexpectedly and, if something seems unclear, ask Polam Federal Credit Union to explain the terms in writing before you proceed.
To improve your chances of getting better terms from Polam Federal Credit Union, be prepared with accurate information about your income, existing debts, and the amount you really need to borrow. If possible, check your credit history in advance, avoid late payments on other accounts, and consider offering collateral if the product allows it, as stronger overall finances can help you qualify for more favorable rates or fees. It's also a good idea to compare Polam Federal Credit Union with other providers in New Britain and to ask directly about any current promotions, loyalty benefits, or ways to reduce the total cost of your loan.
Polam Federal Credit Union has a rating of 4.3, which is better than 78% of providers in New Britain.
Requirements can vary by product, but for most visits you should be ready to bring a valid government-issued ID, proof of income (such as recent pay stubs or bank statements), and proof of address like a utility bill or lease. If you are applying for a title or secured loan, you may also need the vehicle title, registration, and insurance details, along with any other documents Polam Federal Credit Union requests. It is always best to call ahead using the phone number on this page so Polam Federal Credit Union can confirm exactly which documents you need for your specific situation.
In addition to its primary service, Polam Federal Credit Union also offers: Credit union, ATM.