Direct Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.35% | 18-month IRA | 15 Month IRA 0.59% - National Average |
| 1.25% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 0.40% | Savings | Savings Account 1.00% - Ally Bank Online Savings Account |
Direct Federal Credit Union is headquartered in Needham and is the 22nd largest credit union in the state of Massachusetts. It is also the 511th largest credit union in the nation. It was established in 1953 and as of June of 2016, it had grown to 54 employees and 24,162 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
Related Posts
Maintenance Fees
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
| Overall | |
|---|---|
| NCUA # | 9071 |
| Year Chartered | 1953 |
| Employees | 54 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.38% |
| Return on Equity - YTD | 2.55% |
| Annual Interest Income | $7.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $491.6MM$420.4MM |
| Loans | Q2 2016vs Q2 2015 | $440.3MM$363.9MM |
| Deposits | Q2 2016vs Q2 2015 | $395.4MM$346.8MM |
| Equity Capital | Q2 2016vs Q2 2015 | $73.3MM$71.0MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $3.9MM$4.9MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1.6MM$1.8MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.40%* | $75k* | - | Savings Account | ||
| OTHER TIERS: 0.15% → Up to $25k | 0.30% → $25k - $75k | |||||
Direct Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.30% | $100k | - | 60 Month Jumbo CD | |
| 1.25% | $250 | - | 60 Month CD | |
| 1.20% | $100k | - | 48 Month Jumbo CD | |
| 1.15% | $250 | - | 48 Month CD | |
| 1.05% | $100k | - | 36 Month Jumbo CD | |
| 1.05% | $100k | - | 30 Month Jumbo CD Special | |
| 1.00% | $250 | - | 36 Month CD | |
| 1.00% | $250 | - | 30 Month CD Special | |
| 0.80% | $100k | - | 24 Month Jumbo CD | |
| 0.75% | $250 | - | 24 Month CD | |
| 0.45% | $100k | - | 21 Month Jumbo CD | |
| 0.45% | $100k | - | 18 Month Jumbo CD Special | |
| 0.40% | $100k | - | 12 Month Jumbo CD | |
| 0.40% | $250 | - | 21 Month CD | |
| 0.40% | $100k | - | 9 Month Jumbo CD Special | |
| 0.40% | $100k | - | 15 Month Jumbo CD Special | |
| 0.40% | $250 | - | 18 Month CD Special | |
| 0.35% | $250 | - | 12 Month CD | |
| 0.35% | $250 | - | 9 Month CD Special | |
| 0.35% | $250 | - | 15 Month CD Special | |
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.30% | $100k | - | 60 Month Jumbo IRA | |
| 1.25% | $250 | $100k | 60 Month IRA | |
| 1.20% | $100k | - | 48 Month Jumbo IRA | |
| 1.15% | $250 | $100k | 48 Month IRA | |
| 1.05% | $100k | - | 30 Month Jumbo IRA | |
| 1.05% | $100k | - | 36 Month Jumbo IRA | |
| 1.00% | $250 | $100k | 30 Month IRA | |
| 1.00% | $250 | $100k | 36 Month IRA | |
| 0.80% | $100k | - | 24 Month Jumbo IRA | |
| 0.75% | $250 | $100k | 24 Month IRA | |
| 0.45% | $100k | - | 18 Month Jumbo IRA | |
| 0.45% | $100k | - | 21 Month Jumbo IRA | |
| 0.40% | $250 | $100k | 18 Month IRA | |
| 0.40% | $100k | - | 9 Month Jumbo IRA | |
| 0.40% | $100k | - | 12 Month Jumbo IRA | |
| 0.40% | $100k | - | 15 Month Jumbo IRA | |
| 0.40% | $250 | - | 21 Month IRA | |
| 0.35% | $250 | $100k | 9 Month IRA | |
| 0.35% | $250 | $100k | 12 Month IRA | |
| 0.35% | $250 | $100k | 15 Month IRA | |
| 0.30% | $100k | - | 3 Month Jumbo IRA | |
| 0.30% | $100k | - | 6 Month Jumbo IRA | |
| 0.25% | $250 | $100k | 3 Month IRA | |
| 0.25% | $250 | $100k | 6 Month IRA |
| Direct Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 50 Cabot St | Needham, MA 02494 |