First New England Federal Credit Union

Headquarters

Po Box 280167
East Hartford, CT 61280167
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Notable Rates APY Vs.Others
Savings N.A. 1.65% →
1-Year CD N.A. 2.02% →
2-Year CD N.A. 3.00% →
5-Year CD N.A. 3.35% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 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 / Federally Chartered
Charter Number # # 2601
Date Established 1938
Assets $82.49 million
Loans $60.31 million
Deposits $66.24 million
Capital $7.04 million
 

Deposit Rates - June 28, 2022

Your Current Location: Virginia, VA 20146

We do not yet have rates for First New England

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Loan Rates - June 28, 2022

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
5.567% 5.500% 0.75 $1,840 $1,420 Learn More

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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:
Ashburn,Virginia


First New England Locations



Climate Initiatives

FIRST NEW ENGLAND is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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% 4.85

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, 2021, 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% 12.36%

First New England FCU has a net worth of 8.53% versus the BestCashCow average of 12.36. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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