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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 224th largest credit union in the nation. It was established in 1961 and as of December of 2021, it had grown to 258 employees and 95,701 members at 9 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.
See current membership details

Reviews (1)

I will never go back to a regular bank!

Posted by: |

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.

2


Health
A+

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #19263
Year Chartered1961
Employees258
Primary Regulator
Profit Margin
Return on Assets - YTD1.47%
Return on Equity - YTD12.36%
Annual Interest Income$54.5MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$1.95B$1.72B
LoansQ4 2021vs Q4 2020$1.36B$1.30B
DepositsQ4 2021vs Q4 2020$1.68B$1.49B
Equity CapitalQ4 2021vs Q4 2020$227.5MM$203.3MM
Loan Loss AllowanceQ4 2021vs Q4 2020$3.3MM$4.1MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$3.4MM$3.7MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-SimplySmarter Checking

New England Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.17%$5-12 Month Uniform Transfer to Minor Act
1.76%*$25*$5k12 Month Future Saver Plus Certificate (Variable Rate)
OTHER TIERS: 0.50% → $5k+
1.15%*$25k*-60 Month Term Share Certificate
OTHER TIERS: 1.00% → $1k - $25k
0.95%*$25k*-36 to 59 Month Term Share Certificate
OTHER TIERS: 0.80% → $1k - $25k
0.75%*$25k*-24 to 35 Month Term Share Certificate
OTHER TIERS: 0.60% → $1k - $25k
0.65%*$25k*-12 to 23 Month Term Share Certificate
OTHER TIERS: 0.50% → $1k - $25k
0.55%*$25k*-180 to 364 Day Term Share Certificate
OTHER TIERS: 0.40% → $1k - $25k
0.50%$25-12 to 60 Month Future Saver Certificate (Variable Rate)
0.45%*$25k*-90 to 179 Day Term Share Certificate
OTHER TIERS: 0.30% → $1k - $25k

New England Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%*$25k*-60 Month IRA
OTHER TIERS: 1.00% → $1k - $25k
0.95%*$25k*-36 to 59 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*-24 to 35 Month IRA
OTHER TIERS: 0.60% → $1k - $25k
0.75%*$25k*-18 Month Variable Rate IRA
OTHER TIERS: 0.60% → $5 - $25k
0.65%*$25k*-1 Year Coverdell Education Savings
OTHER TIERS: 0.50% → $500 - $25k
0.65%*$25k*-12 to 23 Month IRA
OTHER TIERS: 0.50% → $1k - $25k
Locations


New England Federal Credit Union Locations
Branch OfficeUniversity of VT Medical Center-McClure 2 Connector 111 Colchester AveBurlington, VT 05401-1473
Branch Office141 Harvest LnWilliston, VT 05495-7331
Branch Office1000 Shelburne RdSouth Burlington, VT 05403-6957
Branch Office74 Pearl StEssex Junction, VT 05452-3620
Branch Office295 Tuckers WaySt Albans, VT 05478
Branch Office500 E Lafayette BlvdDetroit, MI 48226
Corporate Office88 Technology Park WaySouth Burlington, VT 05403
Branch Office18 Lower Mountain View DrColchester, VT 05446
Branch Office110 Merchants Row STE 101Rutland, VT 05701

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