2. Direct Federal Credit Union

Direct Federal Credit Union


Overview / Commentary
www.direct.com
781-455-6500
50 Cabot St
Needham, MA 02494

Direct Federal Credit Union is headquartered in Needham and is the 16th largest credit union in the state of Massachusetts. It is also the 431st largest credit union in the nation. It was established in 1953 and as of June of 2019, it had grown to 69 employees and 32,374 members at 1 location. Direct Federal Credit Union's money market rates are 5X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Direct Federal is open to the following: 1) those who live, work (or regular conduct business in), attend school, or worship in Norfolk or Middlesex Counties of Massachusetts; 2) immediate family of those eligible to join.
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Health
A

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #9071
Year Chartered1953
Employees69
Primary Regulator
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD3.01%
Annual Interest Income$13.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$724.9MM$652.6MM
LoansQ2 2019vs Q2 2018$638.2MM$582.9MM
DepositsQ2 2019vs Q2 2018$577.9MM$518.3MM
Equity CapitalQ2 2019vs Q2 2018$84.5MM$81.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.7MM$2.3MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$4.4MM$2.8MM
Real Estate OwnedQ2 2019vs Q2 2018$289.00K$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.

Direct Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$5-Savings Account

Direct Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$25k-Rate Riser Money Market-New Money
0.70%*$200k*-Money Market Account
OTHER TIERS: 0.30% → Up to $75k | 0.40% → $75k - $100k | 0.60% → $100k - $200k
0.70%*$200k*-IRA Money Market Account
OTHER TIERS: 0.30% → Up to $75k | 0.40% → $75k - $100k | 0.60% → $100k - $200k

Direct Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$100k-Jumbo Business 7-Month CD- New Money
2.30%$250-Business 7-Month CD- New Money
2.20%$100k-11 Month Jumbo CD
2.15%$100k-7 Month Jumbo CD
2.15%$250-11 Month CD
2.10%$250-7 Month CD
1.90%$100k-60 Month Jumbo CD
1.85%$250-60 Month CD
1.85%$100k-48 Month Jumbo CD
1.80%$250-48 Month CD
1.80%$100k-36 Month Jumbo CD
1.75%$250-36 Month CD
1.75%$100k-21 Month Jumbo CD
1.75%$100k-24 Month Jumbo CD
1.75%$100k-30 Month Jumbo CD
1.70%$250-24 Month CD
1.70%$250-30 Month CD
1.70%$250-21 Month CD
1.65%$100k-18 Month Jumbo CD
1.65%$100k-Jumbo Business 18-Month CD- New Money
1.60%$250-18 Month CD
1.60%$100k-15 Month Jumbo CD
1.60%$250-Business 18-Month CD-New Money
1.60%$100k-Jumbo Business 15-Month CD- New Money
1.55%$250-15 Month CD
1.55%$250-Business 15-Month CD-New Money
1.40%$100k-12 Month Jumbo CD
1.35%$250-12 Month CD
0.55%$100k-9 Month Jumbo CD
0.55%$100k-8 Month Jumbo CD
0.50%$250-9 Month CD
0.50%$250-8 Month CD
0.30%$100k-3 Month Jumbo CD
0.30%$100k-6 Month Jumbo CD
0.25%$250-3 Month CD
0.25%$250-6 Month CD

Direct Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$100k-11 Month Jumbo IRA
2.15%$100k-7 Month Jumbo IRA
2.15%$250-11 Month IRA
2.10%$250-7 Month IRA
1.90%$100k-60 Month Jumbo IRA
1.85%$250$100k60 Month IRA
1.85%$100k-48 Month Jumbo IRA
1.80%$250$100k48 Month IRA
1.80%$100k-36 Month Jumbo IRA
1.75%$250$100k36 Month IRA
1.75%$100k-21 Month Jumbo IRA
1.75%$100k-24 Month Jumbo IRA
1.75%$100k-30 Month Jumbo IRA
1.70%$250$100k24 Month IRA
1.70%$250$100k30 Month IRA
1.70%$250-21 Month IRA
1.65%$100k-18 Month Jumbo IRA
1.60%$250$100k18 Month IRA
1.60%$100k-15 Month Jumbo IRA
1.55%$250$100k15 Month IRA
1.40%$100k-12 Month Jumbo IRA
1.35%$250$100k12 Month IRA
0.55%$100k-9 Month Jumbo IRA
0.55%$100k-8 Month Jumbo IRA
0.50%$250$100k9 Month IRA
0.50%$250-8 Month IRA
0.30%$100k-3 Month Jumbo IRA
0.30%$100k-6 Month Jumbo IRA
0.25%$250$100k3 Month IRA
0.25%$250$100k6 Month IRA
Locations


Direct Federal Credit Union Locations
Branch Office50 Cabot StNeedham, MA 02494

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