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  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 432nd largest credit union in the nation. It was established in 1953 and as of March of 2019, it had grown to 67 employees and 31,609 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 Q1 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #9071
Year Chartered1953
Employees67
Primary Regulator
Profit Margin
Return on Assets - YTD0.37%
Return on Equity - YTD3.09%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$712.0MM$632.1MM
LoansQ1 2019vs Q1 2018$616.7MM$556.2MM
DepositsQ1 2019vs Q1 2018$566.0MM$488.3MM
Equity CapitalQ1 2019vs Q1 2018$83.9MM$80.2MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.5MM$2.2MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$3.8MM$2.7MM
Real Estate OwnedQ1 2019vs Q1 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
2.25%$25k-Rate Riser Money Market
0.70%*$200k*-Money Market Account
OTHER TIERS: 0.40% → Up to $75k | 0.50% → $75k - $100k | 0.60% → $100k - $200k
0.70%*$200k*-IRA Money Market Account
OTHER TIERS: 0.40% → Up to $75k | 0.50% → $75k - $100k | 0.60% → $100k - $200k

Direct Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.70%$100k-18 Month Jumbo CD
2.65%$250-18 Month CD
2.55%$100k-11 Month Jumbo CD
2.50%$250-11 Month CD
2.45%$100k-7 Month Jumbo CD
2.40%$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
1.60%$100k-15 Month Jumbo CD
1.55%$250-15 Month CD
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
2.70%$100k-18 Month Jumbo IRA
2.65%$250$100k18 Month IRA
2.55%$100k-11 Month Jumbo IRA
2.50%$250-11 Month IRA
2.45%$100k-7 Month Jumbo IRA
2.40%$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
1.60%$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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