New England Federal Credit Union is headquartered in Williston and is the largest credit union in the state of Vermont. It is also the 142nd largest credit union in the nation. It was established in 1961 and as of June of 2023, it had grown to 448 employees and 165,225 members at 18 locations. New England Federal Credit Union's money market rates are 7X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in New England Federal Credit Union is open to all U.S. citizens and resident aliens through membership in the American Consumer Council. Employees of several Select Employer Groups (including the State of Vermont and all Vermont State Colleges) are also eligible to join. Current members of the Vermont General Assembly, Northeast Sustainable Energy Association, Washington Electric Cooperative, or Financial Fitness Association also qualify for membership. Immediate family or household members of a current NEFCU member are welcome to apply.
See current membership details
I will never go back to a regular bank!
Many years ago I moved to town and started to work at a large hospital. The hospital was affiliated with the credit union. So my co-workers took me to the credit union for the very first time. It was a small office at the time. I was a little hesitant but it was easy. The people that worked there became your friend. They understood when you needed help and made good suggestions. As the hospital grew so did the credit union. It branched out into several sites. The people did change yet the staff was still easy to deal with. I have had several types of accounts with them to include checking, savings, credit cards and various loans. When I bumped into any issues the staff was quick to get back to me. Once my daughter lost her debt card- she called them and jumped right on. They halted any unforeseen charges and gave her a new card that very day. I was impressed. It is so nice to get that type of service. Real people helping you out.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 19263 |
| Year Chartered | 1961 |
| Employees | 448 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.57% |
| Return on Equity - YTD | 5.59% |
| Annual Interest Income | $65.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $3.02B$1.97B |
| Loans | Q2 2023vs Q2 2022 | $2.42B$1.46B |
| Deposits | Q2 2023vs Q2 2022 | $2.54B$1.72B |
| Equity Capital | Q2 2023vs Q2 2022 | $313.9MM$209.2MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$3.3MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $7.1MM$2.6MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
