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NEW ENGLAND FEDERAL CREDIT UNION

Dec, 31, 2023 — NEW ENGLAND FEDERAL CREDIT UNION is a federal credit union headquartered in WILLISTON, VT with 19 branch locations and about $3.00 billion in total assets. Opened 63 years ago in 1961, NEW ENGLAND FEDERAL CREDIT UNION has about 166,811 members and employs 451 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211691127
Name:NEW ENGLAND FEDERAL CREDIT UNION
Address:
(Main Office)
141 Harvest Ln
WILLISTON, VT 05495-7331
Phone:(802) 879-8790
Fax:
Website:https://www.nefcu.com
Branches:19 branch locations
Members:166,811
Credit Union Type:Federal Credit Union
Charter Number:19263
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1961
Last Audited:Dec 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$3,000,170,378
CEO/Manager:John J Dwyer, Jr
Chairperson:Arthur G Woolf

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 64,680,812
TOTAL INVESTMENTS 0
Loans Held for Sale 4,872,924
 
 Real Estate Loans 1,999,246,724
 Unsecured Loans 184,920,060
 Other Loans 268,956,798
 TOTAL LOANS 2,456,267,999
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,855,385
 Land And Building 37,700,091
 Other Fixed Assets 7,802,595
 NCUSIF Deposit 23,739,698
 All Other Assets 135,655
  TOTAL ASSETS 3,000,170,378
LIABILITIES & CAPITAL:  
 Dividends Payable 707,165
 Notes & Interest Payable 180,243,094
 Accounts Payable & Other Liabilities 47,111,520
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 492,186,842
 Regular shares 738,733,301
 All Other Shares & Deposits 1,213,036,992
  TOTAL SHARES & DEPOSITS 2,443,957,135
  TOTAL LIABILITIES 2,672,018,914
 Regular Reserve 0
 Other Reserves 72,236,436
 Undivided Earnings 255,915,028
  TOTAL EQUITY 328,151,464
  TOTAL LIABILITIES, SHARES, & EQUITY 3,000,170,378
INCOME & EXPENSE  
 Loan Income 125,150,949
 Investment Income 8,747,384
 Other Income 10,022,582
 Total Employee Compensation & Benefits 55,661,066
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 40,572,005
 Non-operating Income & (Expense) -12,000,192
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,073,582
 Cost of Funds 38,319,381
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 15,691,654
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