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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 449th largest credit union in the nation. It was established in 1953 and as of June of 2020, it had grown to 74 employees and 32,967 members at 1 location. Direct Federal Credit Union's money market rates are 25% higher than 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.
See current membership details

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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 !

1


Health
A

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #9071
Year Chartered1953
Employees74
Primary Regulator
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD9.14%
Annual Interest Income$12.6MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$783.5MM$724.9MM
LoansQ2 2020vs Q2 2019$653.4MM$638.2MM
DepositsQ2 2020vs Q2 2019$628.0MM$577.9MM
Equity CapitalQ2 2020vs Q2 2019$89.7MM$84.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$3.2MM$2.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$4.5MM$4.4MM
Real Estate OwnedQ2 2020vs Q2 2019$276.00K$289.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Direct Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.10%$5-Savings Account

Direct Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.55%$100k-6 Month Jumbo CD Special
0.50%$100k-15 Month Jumbo CD
0.50%$100k-18 Month Jumbo CD
0.50%$250-Business 7 Month CD
0.50%$250-6 month CD Special
0.45%$250-15 Month CD
0.45%$250-18 Month CD
0.45%$100k-9 Month Jumbo CD
0.45%$100k-12 Month Jumbo CD
0.40%$250-9 Month CD
0.40%$250-12 Month CD
0.30%$100k-3 Month Jumbo CD
0.25%$250-3 Month CD
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.