New England Federal Credit Union
New England Federal Credit Union is headquartered in Williston and is the largest credit union in the state of Vermont. It is also the 241st largest credit union in the nation. It was established in 1961 and as of September of 2022, it had grown to 267 employees and 97,312 members at 9 locations. New England Federal Credit Union has 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
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 Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 19263 |
| Year Chartered | 1961 |
| Employees | 267 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.52% |
| Return on Equity - YTD | 5.02% |
| Annual Interest Income | $43.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $1.94B$1.89B |
| Loans | Q3 2022vs Q3 2021 | $1.53B$1.35B |
| Deposits | Q3 2022vs Q3 2021 | $1.70B$1.63B |
| Equity Capital | Q3 2022vs Q3 2021 | $201.8MM$220.6MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $3.3MM$4.3MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $2.8MM$3.7MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |