FIRST NEW ENGLAND

Headquarters

PO Box 280167
East Hartford, CT 61280167
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

First New England is an NCUA insured institution located in East Hartford, CT. It was founded in 1938 and has approximately $82.49 millions in assets.

This business has CLOSED.

NCUA Insured Yes
Charter Number # # 2601
Date Established 1938
Assets $82.49 million
Loans $60.31 million
Deposits $66.24 million
Capital $7.04 million
 

Deposit Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

We do not yet have rates for First New England

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Note to First New England
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Loan Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for FIRST NEW ENGLAND

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



Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to FIRST NEW ENGLAND
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Branches

Below are First New England 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:
Fairfield,Connecticut


First New England Locations


Financial Details

First New England Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First New England. 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
First New England U.S. Average
21.36% 5.92

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 September 30, 2019, First New England had $1,634,717 in non-current loans and $0 in owned assets. To cover these potential losses it had $7,038,834 in net worth and $615,476 in loans loss reserves. That gives it a Texas Ratio of 21.36%.

Net Worth
First New England U.S. Average
8.53% 13.86%

First New England FCU has a net worth of 8.53% versus the BestCashCow average of 13.86. 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 First New England

Branches and Savings

What is First New England?

A federal credit union, registered with the NCUA under certificate #2601.
Learn more about credit unions here.

Is First New England 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 First New England?

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

What are First New England's share account and share certificate rates?

First New England'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 First New England?

First New England has total capital of $7.04 million. Full information on First New England's financial position is located above.

Who owns First New England?

Credit Unions are owned by their members.

Where are First New England branches located?

See branch locations nearby.

Are First New England ATMs Open 24/7?

Do First New England ATMs accept cash deposits?

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

Does First New England have a mobile app?

Does First New England have mobile deposit?

Does First New England have quick pay?

How can First New England transfer money to other banks or credit unions?

Does First New England report to credit bureaus?

Does First New England use Chexsystems?

Does First New England use Equifax?

What is First New England's toll free phone number?

What is First New England's ACH Routing Number?

What is First New England's SWIFT code?

Where can I find First New England's wire transfer form?

What is the First New England address for deposits?

What Products Does First New England Offer

Does First New England offer mortgages?

Compare mortgage rates here.

Does First New England offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First New England offer auto and RV loans?

Compare auto loan rates here.

Does First New England offer student loans or personal loans?

Compare personal loan rates here.

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