New England Federal Credit Union
Headquarters
P.o. Box 527
Williston, VT 05495
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2024 Overview
General Credit Union Information
New England is an NCUA insured institution located in Williston, VT. It was founded in 1961 and has approximately $3000.17 millions in assets.
Who can join?
You are eligible for membership if you live, work or attend school in any of the six counties of northwestern Vermont--Chittenden, Franklin, Grand Isle, Washington, Lamoille, Addison.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 19263 |
| Date Established | 1961 |
| Assets | $3,000.17 million |
| Loans | $2,456.27 million |
| Deposits | $2,443.96 million |
| Capital | $341.89 million |
Field of Membership Restrictions
Membership in New England Federal Credit Union is open to the following: (1) those who live, work or attend school in Chittenden, Grand Isle, Franklin, Lamoille, Washington or Addison Counties of Vermont; (2) those who live, work, volunteer, worship or attend school in Macomb, Oakland, Washtenaw, or Wayne Counties in Michigan; (3) employees or retirees of Blue Cross Blue Shield of Michigan; (4) Medical Mutual of Ohio; (5) those working in health care related organization in Monroe, St. Clair, or Genesee Counties in Michigan.
Deposit Rates - May 1, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.20% | $5 | - |
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|
|
Money Market
|
1.81% | $1,000 | $49,999 |
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|
|
Money Market
|
2.27% | $50,000 | $99,999 |
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|
Money Market
|
2.63% | $100,000 | $249,999 |
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|
|
Money Market
|
3.14% | $250,000 | $499,999 |
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|
|
Money Market
|
3.14% | $500,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
2.27% | $500 | - |
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|
| 9 Mo CD
|
5.12% | $500 | - |
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|
| 12 Mo CD
|
2.27% | $500 | - |
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|
| 15 Mo CD
|
4.85% | $500 | - |
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|
| 24 Mo CD
|
2.27% | $500 | - |
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|
| 36 Mo CD
|
2.27% | $500 | - |
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|
| 48 Mo CD
|
2.27% | $500 | - |
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|
| 60 Mo CD
|
2.27% | $500 | - |
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|
Loan Rates - May 1, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for New England
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 |
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|---|---|---|---|---|---|---|
NMLS ID: 447490 |
6.822% | 6.750% | 0.75 | $2,365 | $2,076 | Learn More |
NMLS ID: 2059741 |
6.891% | 6.750% | 0.88 | $4,634 | $2,076 | Learn More |
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | 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 |
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More Info |
Note to New England
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Branches
Below are 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:
Columbus,Ohio
Climate Policy and Initiatives
NEW ENGLAND is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
New England Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of 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
| New England | U.S. Average |
|---|---|
| 5.28% | 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, New England had $18,064,294 in non-current loans and $135,655 in owned assets. To cover these potential losses it had $341,885,766 in net worth and $3,083,028 in loans loss reserves. That gives it a Texas Ratio of 5.28%.
Net Worth
| New England | U.S. Average |
|---|---|
| 11.38% | 13.62% |
New England FCU has a net worth of 11.38% 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 New England
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