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 224^th largest credit union in the nation. It was established in 1961 and as of December of 2020, it had grown to 245 employees and 93,632 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, or attends school in the northwest Vermont counties of Addison, Chittenden, Franklin, Grand Isle, Lamoille, or Washington.
See current membership details

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 Q4 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #	19263
Year Chartered	1961
Employees	245
Primary Regulator

Profit Margin
Return on Assets - YTD	1.51%
Return on Equity - YTD	12.48%
Annual Interest Income	$51.6MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$1.72B$1.42B
Loans	Q4 2020vs Q4 2019	$1.30B$1.14B
Deposits	Q4 2020vs Q4 2019	$1.49B$1.18B
Equity Capital	Q4 2020vs Q4 2019	$203.3MM$176.4MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$4.1MM$2.5MM
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$3.7MM$3.4MM
Real Estate Owned	Q4 2020vs Q4 2019	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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
0.20%	$5	-	Savings Account
0.20%	$5	-	Coverdell Education Savings Account
0.20%	$5	-	IRA Share Account

New England Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$100k^*	-	Power Account
OTHER TIERS: 0.15% → $1k - $10k \| 0.25% → $10k - $50k \| 0.35% → $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: 0.45% → $5k+
0.95%^*	$25k^*	-	60 Month Term Share Certificate
OTHER TIERS: 0.80% → $1k - $25k
0.80%^*	$25k^*	-	36 to 59 Month Term Share Certificate
OTHER TIERS: 0.65% → $1k - $25k
0.65%^*	$25k^*	-	24 to 35 Month Term Share Certificate
OTHER TIERS: 0.50% → $1k - $25k
0.55%^*	$25k^*	-	12 to 23 Month Term Share Certificate
OTHER TIERS: 0.40% → $1k - $25k
0.50%^*	$25k^*	-	180 to 364 Day Term Share Certificate
OTHER TIERS: 0.35% → $1k - $25k
0.45%	$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
0.80%^*	$25k^*	-	36 to 59 Month IRA
OTHER TIERS: 0.65% → $1k - $25k
0.75%^*	$25k^*	-	18 Month Variable Rate Coverdell Education Savings
OTHER TIERS: 0.60% → $5 - $25k
0.75%^*	$25k^*	-	18 Month Variable Rate IRA
OTHER TIERS: 0.60% → $5 - $25k
0.65%^*	$25k^*	-	24 to 35 Month IRA
OTHER TIERS: 0.50% → $1k - $25k
0.55%^*	$25k^*	-	1 Year Coverdell Education Savings
OTHER TIERS: 0.40% → $500 - $25k
0.55%^*	$25k^*	-	12 to 23 Month IRA
OTHER TIERS: 0.40% → $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	916 S Main St Ste 200	Royal Oak, MI 48067-3239
Corporate Office	88 Technology Park Way	South Burlington, VT 05403
Branch Office	18 Lower Mountain View Dr	Colchester, VT 05446

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