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Coastal New England Federal Credit Union


Overview / Commentary
cnefcu.org
508-993-0011
93 Union St
New Bedford, MA 02740

Coastal New England Federal Credit Union is headquartered in New Bedford and is the 101st largest credit union in the state of Massachusetts. It is also the 3,414th largest credit union in the nation. It was established in 1911 and as of June of 2020, it had grown to 6 employees and 2,595 members at 1 location. Coastal New England Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership in Coastal New England Federal Credit Union is open to those who live, work, attend school or worship in Bristol County in Massachusetts.
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Health
C+

Data as of Q2 2020

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Coastal New England Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #24913
Year Chartered1911
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD-0.54%
Return on Equity - YTD-8.18%
Annual Interest Income$348.00K
Assets and Liabilities
AssetsQ2 2020$19.8MM
LoansQ2 2020$13.2MM
DepositsQ2 2020$18.5MM
Equity CapitalQ2 2020$1.3MM
Loan Loss AllowanceQ2 2020$89.00K
Unbacked Noncurrent LoansQ2 2020$17.00K
Real Estate OwnedQ2 2020$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Coastal New England Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$25-Main Share Account
0.05%$1-Christmas Club Account
0.05%$25-IRA Savings Account
0.05%$25-Business Main Share

Coastal New England Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Money Market Deposit Account
OTHER TIERS: 0.05% → $25 - $2.5k | 0.15% → $2.5k - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k

Coastal New England Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1-Teen Checking

Coastal New England Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$1k-60 Month CD
0.75%$1k-48 Month CD
0.60%$1k-36 Month CD
0.50%$1k-24 Month CD
0.45%$1k-12 Month CD
0.25%$1k-6 Month CD

Coastal New England Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-60 Month IRA
0.75%$500-48 Month IRA
0.60%$500-36 Month IRA
0.50%$500-24 Month IRA
0.45%$500-12 Month IRA
0.25%$500-6 Month IRA
Locations


Coastal New England Federal Credit Union Locations
Branch Office93 Union StNew Bedford, MA 02740

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