Direct Federal Credit Union
Headquarters
50 Cabot St, Po Box 9123
Needham, MA 02494
See all branch locations →
2024 Overview
General Credit Union Information
Direct is an NCUA insured institution located in Needham, MA. It was founded in 1953 and has approximately $835.83 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 / Federally Chartered |
| Charter Number # | # 9071 |
| Date Established | 1953 |
| Assets | $835.83 million |
| Loans | $727.72 million |
| Deposits | $614.57 million |
| Capital | $95.69 million |
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Norfolk County in Massachusetts.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $5 | - |
Learn More
|
|
Money Market
|
0.35% | $500 | $24,999 |
Learn More
|
|
Money Market
|
0.35% | $25,000 | $49,999 |
Learn More
|
|
Money Market
|
0.55% | $50,000 | $74,999 |
Learn More
|
|
Money Market
|
1.00% | $75,000 | $99,999 |
Learn More
|
|
Money Market
|
0.75% | $100,000 | $199,999 |
Learn More
|
|
Money Market
|
1.10% | $200,000 | - |
Learn More
|
|
Premium Money Market Account
|
3.25% | $25,000 | - |
Learn More
|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 5 Month
|
5.00% | $250 | - |
Learn More
|
| 5 Month Jumbo
|
5.05% | $100,000 | - |
Learn More
|
| 6 Month
|
5.50% | $250 | - |
Learn More
|
| 6 Month Jumbo
|
5.55% | $100,000 | - |
Learn More
|
| 9 Month
|
5.00% | $250 | - |
Learn More
|
| 9 Month Jumbo
|
5.05% | $100,000 | - |
Learn More
|
| 12 Month
|
3.00% | $250 | - |
Learn More
|
| 12 Month Jumbo
|
3.06% | $100,000 | - |
Learn More
|
| 15 Month
|
3.00% | $250 | - |
Learn More
|
| 15 Month Jumbo
|
3.06% | $100,000 | - |
Learn More
|
| 24 Month
|
3.50% | $250 | - |
Learn More
|
| 24 Month Jumbo
|
3.55% | $100,000 | - |
Learn More
|
| 36 Month
|
4.00% | $250 | - |
Learn More
|
| 36 Month Jumbo
|
4.05% | $100,000 | - |
Learn More
|
| 48 Month
|
4.00% | $250 | - |
Learn More
|
| 48 Month Jumbo
|
4.05% | $100,000 | - |
Learn More
|
| 60 Month
|
4.25% | $250 | - |
Learn More
|
| 60 Month Jumbo
|
4.30% | $100,000 | - |
Learn More
|
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2059741 |
6.994% | 6.875% | 0.63 | $3,901 | $2,103 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 1907 |
Learn More | |||||
NMLS ID: 491986 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$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:
Columbus,Ohio
Climate Policy and Initiatives
DIRECT is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Add Your Review
or use your BestCashCow account
or
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 |
|---|---|
| 11.49% | 6.97 |
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 December 31, 2023, Direct had $11,124,337 in non-current loans and $318,625 in owned assets. To cover these potential losses it had $95,691,000 in net worth and $3,905,115 in loans loss reserves. That gives it a Texas Ratio of 11.49%.
Net Worth
| Direct | U.S. Average |
|---|---|
| 11.44% | 13.62% |
Direct FCU has a net worth of 11.44% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Direct
There are currently no comments for DIRECT. Be the first to share your experience. Please provide comments that will help others.
Add Your Review
or use your BestCashCow account