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Direct Federal Credit Union

Popular Accounts at this Credit Union

1.10%18-month CD15 Month CD
1.10%18-month IRA15 Month IRA
1.50%5-year CD60 Month CD

Overview / Commentary
50 Cabot St
Needham, MA 02494

Direct Federal Credit Union is headquartered in Needham and is the 19th largest credit union in the state of Massachusetts. It is also the 500th largest credit union in the nation. It was established in 1953 and as of September of 2016, it had grown to 56 employees and 24,622 members at 1 location. Direct Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Norfolk County in Massachusetts.
See current membership details

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Reviews (1)

Maintenance Fees

Posted by: Anonymous | Dec 9, 2010

I have been a customer of Direct Federal for 12 years now, and I have over $50k in deposits there, and have taken multiple loans (car loan, line of credit) with them. These loans have always been paid back in full and on time. Why are they charging me a $5 monthly & maintenance fee!? Irked customer who will move his money elsewhere!


Health Grade Components

NCUA #9071
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD3.32%
Annual Interest Income$11.3MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$511.1MM$439.2MM
LoansQ3 2016vs Q3 2015$454.5MM$388.1MM
DepositsQ3 2016vs Q3 2015$399.0MM$345.6MM
Equity CapitalQ3 2016vs Q3 2015$74.2MM$71.4MM
Loan Loss AllowanceQ3 2016vs Q3 2015$3.9MM$4.9MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$1.6MM$1.9MM
Real Estate OwnedQ3 2016vs Q3 2015$0$0
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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

0.40%*$75k*-Savings Account
OTHER TIERS: 0.15% Up to $25k | 0.30% $25k - $75k

Direct Federal Credit Union Money Market Rates

0.40%*$75k*-Save Smart Money Market Account
OTHER TIERS: 0.15% Up to $25k | 0.30% $25k - $75k

Direct Federal Credit Union CD Rates

1.55%$100k-60 Month Jumbo CD
1.50%$250-60 Month CD
1.35%$100k-21 Month Jumbo CD
1.30%$100k-48 Month Jumbo CD
1.30%$250-21 Month CD
1.25%$250-48 Month CD
1.15%$100k-15 Month Jumbo CD
1.10%$250-15 Month CD
1.05%$100k-30 Month Jumbo CD
1.05%$100k-36 Month Jumbo CD
1.05%$100k-8 Month Jumbo CD
1.00%$250-30 Month CD
1.00%$250-36 Month CD
1.00%$250-8 Month CD
0.80%$100k-24 Month Jumbo CD
0.75%$250-24 Month CD
0.55%$100k-12 Month Jumbo CD
0.50%$250-12 Month CD
0.45%$100k-18 Month Jumbo CD
0.40%$250-18 Month CD
0.40%$100k-9 Month Jumbo CD
0.35%$250-9 Month CD
0.30%$100k-3 Month Jumbo CD
0.30%$100k-6 Month Jumbo CD
0.30%$100k-7 Month Jumbo CD
0.25%$250-3 Month CD
0.25%$250-6 Month CD
0.25%$250-7 Month CD

Direct Federal Credit Union IRA Rates

1.55%$100k-60 Month Jumbo IRA
1.50%$250$100k60 Month IRA
1.35%$100k-21 Month Jumbo IRA
1.30%$100k-48 Month Jumbo IRA
1.30%$250-21 Month IRA
1.25%$250$100k48 Month IRA
1.15%$100k-15 Month Jumbo IRA
1.10%$250$100k15 Month IRA
1.05%$100k-30 Month Jumbo IRA
1.05%$100k-36 Month Jumbo IRA
1.05%$100k-8 Month Jumbo IRA
1.00%$250$100k30 Month IRA
1.00%$250$100k36 Month IRA
1.00%$250-8 Month IRA
0.80%$100k-24 Month Jumbo IRA
0.75%$250$100k24 Month IRA
0.55%$100k-12 Month Jumbo IRA
0.50%$250$100k12 Month IRA
0.45%$100k-18 Month Jumbo IRA
0.40%$250$100k18 Month IRA
0.40%$100k-9 Month Jumbo IRA
0.35%$250$100k9 Month IRA
0.30%$100k-3 Month Jumbo IRA
0.30%$100k-6 Month Jumbo IRA
0.30%$100k-7 Month Jumbo IRA
0.25%$250$100k3 Month IRA
0.25%$250$100k6 Month IRA
0.25%$250-7 Month IRA

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