DIRECT

Headquarters

50 Cabot St, PO Box 9123
Needham, MA 02494
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Direct is an NCUA insured institution located in Needham, MA. It was founded in 1953 and has approximately $767.49 millions in assets.

Who can join?

There are three ways to be eligible:

You live, work, worship, volunteer or go to school in Norfolk County, MA.

You are a family member of an existing Direct Federal member.

You have an immediate family member who lives, works, worships, volunteers or goes to school in Norfolk County, MA. Immediate family member includes a spouse, child, sibling, parent, grandparent, grandchild, or household member.

NCUA Insured Yes
Charter Number # # 9071
Date Established 1953
Assets $767.49 million
Loans $665.26 million
Deposits $606.04 million
Capital $89.84 million
 

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Norfolk County in Massachusetts.

Deposit Rates - November 26, 2020

Your Current Location: Virginia, VA 20146

We do not yet have rates for Direct

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to Direct
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Advertiser Disclosure

Loan Rates - November 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for DIRECT

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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First Internet Bank
NMLS ID: 424182
2.567% 2.500% 0.88 $2,200 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.682% 2.625% 0.50 $1,860 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to DIRECT
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Direct branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Direct Locations


Financial Details

Direct Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Direct. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Direct U.S. Average
6.52% 6.71

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 30, 2020, Direct had $5,740,309 in non-current loans and $289,269 in owned assets. To cover these potential losses it had $89,837,755 in net worth and $2,655,395 in loans loss reserves. That gives it a Texas Ratio of 6.52%.

Net Worth
Direct U.S. Average
11.7% 13.61%

Direct FCU has a net worth of 11.7% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Direct

Branches and Savings

What is Direct?

A federal credit union, registered with the NCUA under certificate #9071.
Learn more about credit unions here.

Is Direct FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Direct?

Please see Field of Membership information above for information on who is eligible to join.

What are Direct's share account and share certificate rates?

Direct's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Direct?

Direct has total capital of $89.84 million. Full information on Direct's financial position is located above.

Who owns Direct?

Credit Unions are owned by their members.

Where are Direct branches located?

See branch locations nearby.

Are Direct ATMs Open 24/7?

Do Direct ATMs accept cash deposits?

Can Direct customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Direct have a mobile app?

Does Direct have mobile deposit?

Does Direct have quick pay?

How can Direct transfer money to other banks or credit unions?

Does Direct report to credit bureaus?

Does Direct use Chexsystems?

Does Direct use Equifax?

What is Direct's toll free phone number?

What is Direct's ACH Routing Number?

What is Direct's SWIFT code?

Where can I find Direct's wire transfer form?

What is the Direct address for deposits?

What Products Does Direct Offer

Does Direct offer mortgages?

Compare mortgage rates here.

Does Direct offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Direct offer auto and RV loans?

Compare auto loan rates here.

Does Direct offer student loans or personal loans?

Compare personal loan rates here.

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