New England Federal Credit Union


Overview / Commentary
802-879-8790
141 Harvest Ln
Williston, VT 05495-0527

New England Federal Credit Union is headquartered in Williston and is the largest credit union in the state of Vermont. It is also the 152nd largest credit union in the nation. It was established in 1961 and as of March of 2024, it had grown to 444 employees and 167,708 members at 18 locations. New England Federal Credit Union's money market rates are 7X the national average, and it has a B+ 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

Reviews (1)

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.



Health
B+

Health Grade Components

Overall
NCUA #19263
Year Chartered1961
Employees444
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD5.27%
Annual Interest Income$34.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$3.02B$3.09B
LoansQ1 2024vs Q1 2023$2.43B$2.42B
DepositsQ1 2024vs Q1 2023$2.47B$2.57B
Equity CapitalQ1 2024vs Q1 2023$330.9MM$313.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$7.9MM$8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$8.1MM$5.3MM
Real Estate OwnedQ1 2024vs Q1 2023$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
0.20%$5-Savings Account
0.20%$5-IRA Share Account
0.20%$0-Holiday Savings
0.10%$0-Clearing Account

New England Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.14%*$250k*-VGreen Money Market Account
OTHER TIERS: 1.81% $1k - $50k | 2.27% $50k - $100k | 2.63% $100k - $250k

New England Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.40%$500-1 Year Term Share Certificate
4.00%*$25*$5k12 Month Future Saver Plus Certificate (Variable Rate)
OTHER TIERS: 1.98% $5k+
2.27%$500-6 Month Term Share Certificate
2.27%$500-2 Year Term Share Certificate
2.27%$500-3 Year Term Share Certificate
2.27%$500-5 Year Term Share Certificate
2.27%$500-4 Year Term Share Certificate
2.17%$5-12 Month Uniform Transfer to Minor Act
2.00%$25-12 to 60 Month Future Saver Certificate (Variable Rate)

New England Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.40%$500-1 Year IRA
4.23%*$25k*-18 Month Variable Rate Coverdell Education Savings
OTHER TIERS: 4.07% $5 - $25k
2.27%$500-2 Year IRA
2.27%$500-3 Year IRA
2.27%$500-5 Year IRA
2.27%$500-4 Year IRA
Locations

Availability



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