Northeast Credit Union

Overview / Commentary
100 Borthwick Ave
Portsmouth, NH 03801

Northeast Credit Union is headquartered in Portsmouth and is the 2nd largest credit union in the state of New Hampshire. It is also the 248th largest credit union in the nation. It was established in 1936 and as of March of 2024, it had grown to 396 employees and 164,681 members at 18 locations. Northeast Credit Union's CD rates are 5X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Northeast Credit Union is open to individuals who live, work, or attend school in the state of New Hampshire or in Cumberland County or York County in Maine. Membership is also open to those who live, work, or do business within a 30-mile radius of any of the Credit Union's branches. Family members of a current Northeast Credit Union member also qualify for membership.
See current membership details

Reviews (4)

Great To Do Business With

My wife and I moved to New Hampshire a decade ago and were accustom to doing business with large banks. We decided to open an account at Northeast Credit Union and couldn't be happier. Setting up an account was easy and NECU's no fee policy for conducting everyday business has saved us lots of money. They have top notch customer service in the branches and in the Porstmouth, home office location. We highly recommend them if you're looking for a friendly local bank.

Innovative Mortgage Lending

We have a savings and checking account with Northeast Credit Union. Their fees are very low or no fee and their website is very easy to navigate. I am able to transfer money in and out of accounts and pay bills all online. This makes banking with them extremely convenient. We actually use their checking account in coordination with another checking account that we have and easily manage to transfer money between accounts and pay the bills that we want to from each account.

Nickel And Dime

Posted by: |

I've been long time member but all of a sudden they nickel and dime you with new fees: $5 quarterly account "INACTIVITY FEE" and $2 "PAPER STATEMENT FEE". These are nothing but irritants. Apparently if you have a long-term CD, which implies account inactivity, you will get hit. In the universe of Bank and Credit Unions, I will certainly look for business elsewhere!

I was not impressed.

Posted by: |

I initially chose to go with Northeast Credit Union as a second bank due to a family member speaking highly of it. Right away, I was not impressed. First, I signed up for both a checking and a savings account. They only opened a savings account for me. Then, they sent me SOMEONE ELSE'S account information (checking and savings account numbers), which is a huge breach of security. I called to set up my savings account, and when I gave them the numbers, they told me it was not my account. It wasn't my family member's account either, so I had the information of some other member's account which is not good at all. They are very quick to charge you fees, and the customer service is not that great. They did remove one fee for me because I told them the ordeal with how they sent me someone else's information, so I'm sure they were scared about me going to someone about it, which I probably will still do. I would never recommend this bank.


Health Grade Components

NCUA #68219
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD4.5%
Annual Interest Income$23.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.99B$1.89B
LoansQ1 2024vs Q1 2023$1.61B$1.53B
DepositsQ1 2024vs Q1 2023$1.68B$1.63B
Equity CapitalQ1 2024vs Q1 2023$195.7MM$177.3MM
Loan Loss AllowanceQ1 2024vs Q1 2023$8.7MM$8.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$3.3MM$2.3MM
Real Estate OwnedQ1 2024vs Q1 2023$0$147K
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Always verify rates and promotions with the bank or credit union. We are not Northeast 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.

Northeast Credit Union Savings Account Rates

OTHER TIERS: 0.01% $500+
1.00%*$0$500Student Savings
OTHER TIERS: 0.01% $500+
0.01%$0-Regular Shares
0.01%$0-Business Regular Shares

Northeast Credit Union Money Market Rates

1.65%*$150k*-Member's Choice Money Market
OTHER TIERS: 0.01% $0 - $10k | 0.05% $10k - $25k | 0.10% $25k - $150k
1.65%*$150k*-IRA Money Market
OTHER TIERS: 0.01% $0 - $10k | 0.05% $10k - $25k | 0.10% $25k - $150k

Northeast Credit Union Checking Account Rates

0.01%$0-Student Checking
0.01%$5k-Business Checking

Northeast Credit Union CD Rates

4.99%$500-11 Month CD Special - New Money
4.99%$500-Business 11 Month CD Special - New Money
4.61%$500-12 Month CD
4.61%$500-Business 12 Month CD
4.56%$500-6 Month CD
4.56%$500-Business 6 Month CD
4.45%$500-11 Month CD Special
4.45%$500-Business 11 Month CD Special
4.25%$500-18 Month CD
4.25%$500-Business 18 Month CD
3.50%$500-24 Month CD
3.50%$500-Business 24 Month CD
2.55%$500-60 Month CD
2.55%$500-Business 60 Month CD
2.50%$500-48 Month CD
2.50%$500-Business 48 Month CD
2.40%$500-36 Month CD
2.40%$500-Business 36 Month CD

Northeast Credit Union IRA Rates

4.99%$500-11 Month IRA Special - New Money
4.61%$500-12 Month IRA
4.56%$500-6 Month IRA
4.45%$500-11 Month IRA Special
4.25%$500-18 Month IRA
3.50%$500-24 Month IRA
2.55%$500-60 Month IRA
2.50%$500-48 Month IRA
2.40%$500-36 Month IRA


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