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P.O. Box 1240
Portsmouth, NH 03802

Northeast Credit Union is headquartered in Portsmouth and is the 2nd largest credit union in the state of New Hampshire. It is also the 226th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 211 employees and 99,616 members. Northeast Credit Union's savings rates are 3X the national average, and it has a A health rating.

Field of Membership Restrictions

Membership is open to anyone living, working or doing business in one of 6 NH counties: Strafford, Rockingham, Hillsborough, Merrimack, Belknap, Carroll (and southern York in Maine) OR within 25 miles of one of NECU branches. You may also qualify via select employer groups and via immediate family. - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Northeast Credit Union had $5.37 million in non-current loans and owned real-estate with $98.15 million in equity and loan loss allowances on hand to cover it. This gives Northeast Credit Union a Texas Ratio of 5.47% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Northeast Credit Union experienced no significant changes from 4.72% as of December 31, 2012 to 5.47% as of December 31, 2013, resulting in a negative change of 15.76%. This indicates that the balance sheet and financial strength for Northeast Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Northeast Credit Union has increased its total deposits by $151.15 million, resulting in 23.8% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Northeast Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Northeast Credit Union has $944.88 million in assets with $98.15 million in equity, resulting in a capitalization level of 10.39%, which is above average.

Institution Statistics

NCUA #68219
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$944.88 million
Loans$808.33 million
Deposits$786.18 million
Equity Capital$91.84 million
Loan Loss Allowance$6.31 million
Unbacked Noncurrent Loans$5.37 million
Real Estate Owned$2,000
Historic Data - December 2012
Assets$737.63 million
Equity Capital$71.60 million
Loan Loss Allowance$6.46 million
Unbacked Noncurrent Loans$5.37 million
Real Estate Owned$157,000
Profit Margin - Quarterly
Net Interest Margin3.1%
Return on Assets0.54%
Return on Equity5.57%
Interest Income$30.93 million

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Northeast Credit Union Savings Account Rates

1.52%-$500Silver Lining Savings
1.52%-$500Student Savings
1.52%$100$500College Savings Account
0.15%--Regular Shares
0.15%--Holiday Club
0.15%--Special Purpose

Northeast Credit Union Money Market Rates

0.66%$100k-Money Market Account
0.66%$100k-IRA Money Market

Northeast Credit Union Checking Account Rates

0.15%$5k-Relationship Checking
0.15%--Student Checking Plus
0.15%$5k-Member Business Checking
0.00%--Northeast Checking

Northeast Credit Union CD Rates

1.82%$500-60 Month CD
1.56%$500-48 Month CD
1.31%$500-36 Month CD
0.80%$500-24 Month CD
0.55%$500-18 Month CD
0.40%$500-12 Month CD
0.25%$500-6 Month CD

Northeast Credit Union IRA Rates

1.82%$500-60 Month IRA
1.56%$500-48 Month IRA
1.31%$500-36 Month IRA
0.80%$500-24 Month IRA
0.55%$500-18 Month IRA
0.40%$500-12 Month IRA
0.25%$500-6 Month IRA

Northeast Credit Union has 14 locations. Click to view all Northeast Credit Union locations.