New England Federal Credit Union

Overview / Commentary

www.nefcu.com

802-879-8790

141 Harvest Ln
Williston, VT 05495

New England Federal Credit Union is headquartered in Williston and is the largest credit union in the state of Vermont. It is also the 222^nd largest credit union in the nation. It was established in 1961 and as of June of 2021, it had grown to 246 employees and 94,661 members at 8 locations. New England Federal Credit Union's CD rates are 96% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in New England Federal Credit Union is open to anyone who lives, works, worships, attends school or regularly conducts business in the Vermont counties of Addison, Bennington, Caledonia, Chittenden, Franklin, Grand Isle, Lamoille, Orange, Rutland, Windham, Windsor, or Washington, or the New Hampshire counties of Cheshire, Grafton, Merrimack, or Sullivan.
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Reviews (1)

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I will never go back to a regular bank!

Posted by: renitapayne | Mar 21, 2018

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.

Comment

Health

A+

Data as of Q2 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #	19263
Year Chartered	1961
Employees	246
Primary Regulator

Profit Margin
Return on Assets - YTD	1.87%
Return on Equity - YTD	15.81%
Annual Interest Income	$25.8MM

Assets and Liabilities
Assets	Q2 2021vs Q2 2020	$1.87B$1.60B
Loans	Q2 2021vs Q2 2020	$1.34B$1.25B
Deposits	Q2 2021vs Q2 2020	$1.61B$1.37B
Equity Capital	Q2 2021vs Q2 2020	$219.5MM$185.2MM
Loan Loss Allowance	Q2 2021vs Q2 2020	$4.4MM$3.0MM
Unbacked Noncurrent Loans	Q2 2021vs Q2 2020	$3.1MM$3.3MM
Real Estate Owned	Q2 2021vs Q2 2020	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not New England 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.

New England Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%	$5	-	Savings Account
0.10%	$5	-	Coverdell Education Savings Account
0.10%	$5	-	IRA Share Account

New England Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.35%^*	$100k^*	-	Power Account
OTHER TIERS: 0.15% → $1k - $10k \| 0.25% → $10k - $50k \| 0.30% → $50k - $100k

New England Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$500	-	SimplySmarter Checking

New England Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.17%	$5	-	12 Month Uniform Transfer to Minor Act
1.76%^*	$25^*	$5k	12 Month Future Saver Plus Certificate (Variable Rate)
OTHER TIERS: 0.40% → $5k+
0.95%^*	$25k^*	-	60 Month Term Share Certificate
OTHER TIERS: 0.80% → $1k - $25k
0.75%^*	$25k^*	-	36 to 59 Month Term Share Certificate
OTHER TIERS: 0.60% → $1k - $25k
0.60%^*	$25k^*	-	24 to 35 Month Term Share Certificate
OTHER TIERS: 0.45% → $1k - $25k
0.50%^*	$25k^*	-	12 to 23 Month Term Share Certificate
OTHER TIERS: 0.35% → $1k - $25k
0.45%^*	$25k^*	-	180 to 364 Day Term Share Certificate
OTHER TIERS: 0.30% → $1k - $25k
0.40%	$25	-	12 to 60 Month Future Saver Certificate (Variable Rate)
0.35%^*	$25k^*	-	90 to 179 Day Term Share Certificate
OTHER TIERS: 0.20% → $1k - $25k

New England Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.95%^*	$25k^*	-	60 Month IRA
OTHER TIERS: 0.80% → $1k - $25k
0.75%^*	$25k^*	-	18 Month Variable Rate Coverdell Education Savings
OTHER TIERS: 0.60% → $5 - $25k
0.75%^*	$25k^*	-	36 to 59 Month IRA
OTHER TIERS: 0.60% → $1k - $25k
0.75%^*	$25k^*	-	18 Month Variable Rate IRA
OTHER TIERS: 0.60% → $5 - $25k
0.60%^*	$25k^*	-	24 to 35 Month IRA
OTHER TIERS: 0.45% → $1k - $25k
0.50%^*	$25k^*	-	1 Year Coverdell Education Savings
OTHER TIERS: 0.35% → $500 - $25k
0.50%^*	$25k^*	-	12 to 23 Month IRA
OTHER TIERS: 0.35% → $1k - $25k

Locations

New England Federal Credit Union Locations
Branch Office	University of VT Medical Center-McClure 2 Connector 111 Colchester Ave	Burlington, VT 05401-1473
Branch Office	141 Harvest Ln	Williston, VT 05495-7331
Branch Office	1000 Shelburne Rd	South Burlington, VT 05403-6957
Branch Office	74 Pearl St	Essex Junction, VT 05452-3620
Branch Office	295 Tuckers Way	St Albans, VT 05478
Branch Office	500 E Lafayette Blvd	Detroit, MI 48226
Corporate Office	88 Technology Park Way	South Burlington, VT 05403
Branch Office	18 Lower Mountain View Dr	Colchester, VT 05446

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