Direct Federal Credit Union

Overview / Commentary
50 Cabot St
Needham, MA 02494

Direct Federal Credit Union is headquartered in Needham and is the 17th largest credit union in the state of Massachusetts. It is also the 466th largest credit union in the nation. It was established in 1953 and as of September of 2020, it had grown to 74 employees and 32,594 members at 1 location. Direct Federal Credit Union 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.
See current membership details

Reviews (1)

Customer Service

Posted by: |

Horribly frustrating!
Its like everytime I talk to direct federal c u the person presents like it's their first day on the job with no previous experience ! STAY AWAY !


Health Grade Components

NCUA #9071
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD7.63%
Annual Interest Income$18.4MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$757.8MM$735.1MM
LoansQ3 2020vs Q3 2019$642.8MM$659.1MM
DepositsQ3 2020vs Q3 2019$616.9MM$587.3MM
Equity CapitalQ3 2020vs Q3 2019$90.8MM$85.2MM
Loan Loss AllowanceQ3 2020vs Q3 2019$3.6MM$2.6MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$4.8MM$4.3MM
Real Estate OwnedQ3 2020vs Q3 2019$276.00K$289.00K
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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

0.10%$5-Savings Account

Direct Federal Credit Union Money Market Rates

0.45%$25k-Premium Money Market - New Money
0.30%*$200k*-Money Market Account
OTHER TIERS: 0.10% Up to $50k | 0.15% $50k - $100k | 0.20% $100k - $200k

Direct Federal Credit Union CD Rates

1.15%$100k-Business 3 Month Jumbo CD
1.10%$250-Business 3 Month CD
1.05%$100k-48 Month Jumbo CD
1.05%$100k-60 Month Jumbo CD
1.00%$250-48 Month CD
1.00%$250-60 Month CD
1.00%$100k-36 Month Jumbo CD
0.95%$250-36 Month CD
0.95%$100k-Business 15 Month Jumbo CD
0.90%$250-Business 15 Month CD
0.75%$100k-30 Month Jumbo CD
0.70%$250-30 Month CD
0.65%$100k-21 Month Jumbo CD
0.65%$100k-24 Month Jumbo CD
0.60%$250-24 Month CD
0.60%$250-21 Month CD
0.55%$100k-Business 7 Month Jumbo CD
0.50%$100k-15 Month Jumbo CD
0.50%$100k-18 Month Jumbo CD
0.50%$250-Business 7 Month CD
0.45%$250-15 Month CD
0.45%$250-18 Month CD
0.45%$100k-12 Month Jumbo CD
0.40%$250-12 Month CD
0.40%$100k-3 Month Jumbo CD
0.35%$250-3 Month CD
0.35%$100k-9 Month Jumbo CD
0.35%$100k-6 Month Jumbo CD Special
0.30%$250-9 Month CD
0.30%$250-6 month CD Special

Direct Federal Credit Union IRA Rates

1.05%$100k-48 Month Jumbo IRA
1.05%$100k-60 Month Jumbo IRA
1.00%$250-48 Month IRA
1.00%$250-60 Month IRA
1.00%$100k-36 Month Jumbo IRA
0.95%$250-36 Month IRA
0.75%$100k-30 Month Jumbo IRA
0.70%$250-30 Month IRA
0.65%$100k-21 Month Jumbo IRA
0.65%$100k-24 Month Jumbo IRA
0.60%$50-24 Month Variable IRA
0.60%$250-24 Month IRA
0.60%$250-21 Month IRA
0.50%$100k-15 Month Jumbo IRA
0.50%$100k-18 Month Jumbo IRA
0.45%$250-15 Month IRA
0.45%$250-18 Month IRA
0.45%$100k-12 Month Jumbo IRA
0.40%$250-12 Month IRA
0.40%$100k-3 Month Jumbo IRA
0.35%$250-3 Month IRA
0.35%$100k-6 Month Jumbo IRA
0.35%$100k-9 Month Jumbo IRA
0.30%$250-6 Month IRA
0.30%$250-9 Month IRA

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

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