Monday, July 22, 2013 11:39 PM EDT
BRISTOL ? Nutmeg State Federal Credit Union has opened a branch in the new Wal-Mart Neighborhood Market.
While bank branches in supermarkets are nothing new, Nutmeg State is the first credit union in the area to have a location in a store. The new location is also Rocky Hill-based Nutmeg State?s first foray into the Bristol area.
?This is another area we needed to be in,? said John Holt, CEO of Nutmeg State. ?We have a lot of members in Bristol.?
The credit union has locations in nine towns, including Rocky Hill, where its headquarters are located, New Britain and the Price Chopper in Newington.
Holt said credit unions, because of their structure, offer higher interest rates on bank accounts, lower account fees and lower interest rates on loans.
The Wal-Mart branch, with just 600 square feet of space, offers all the services that the full-size branches do.
?You can open an account, take out a loan, get a mortgage or home equity loan,? said Holt.
Several credit union employees were eagerly promoting the new branch in the store Friday, giving out balloons to kids and offering customers free cupcakes.
Quiria Little, who lives in New Britain and works in Bristol, was drawn in by the cupcakes and was soon talking to branch manager Lila Winiarski. Within 15 minutes, Little had made plans to consolidate her money, which has been distributed among several banks, into an account at Nutmeg State Federal Credit Union.
?I can shop and do my banking in one place,? she said. ?That?s pretty cool. I just bought a house, so this will help me keep track of all my bills and have all my money in one spot.?
From now until Aug. 10, those who open a ?More Than Free? checking account with full direct deposit in the Bristol branch will receive $50.
The Nutmeg State Federal Credit Union branch is located in Wal-Mart Neighborhood Market at 325 Oakland St. It is open from 9 a.m. to 7 p.m. Monday through Friday and from 9 a.m. to 3 p.m. Saturday.???
Diane Church can be reached at (860) 584-0501, ext. 7250, or at dchurch@bristolpress.com.
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Source: http://bristolpress.com/articles/2013/07/23/news/doc51edfab472204137311161.txt
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