Sep, 30, 2025 — NEW ENGLAND FEDERAL CREDIT UNION is a federal credit union headquartered in WILLISTON, VT with 19 branch locations and about $3.12 billion in total assets. Opened 65 years ago in 1961, NEW ENGLAND FEDERAL CREDIT UNION has about 174,268 members and employs 458 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW ENGLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 141 Harvest Ln WILLISTON, VT 05495-7331 |
| Phone: | (802) 879-8790 |
| Fax: | |
| Website: | https://www.eastrise.com |
| Branches: | 19 branch locations |
| Members: | 174,268 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,116,194,532 |
| CEO/Manager: | John J Dwyer, Jr |
| Chairperson: | Arthur G Woolf |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 178,486,486 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 6,973,690 |
| Real Estate Loans | 2,049,904,428 |
| Unsecured Loans | 160,345,877 |
| Other Loans | 315,181,295 |
| TOTAL LOANS | 2,528,782,065 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,227,198 |
| Land And Building | 36,158,379 |
| Other Fixed Assets | 6,229,873 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 22,712,292 |
| All Other Assets | 114,713 |
| TOTAL ASSETS | 3,116,194,532 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 908,820 |
| Notes & Interest Payable | 184,827,294 |
| Accounts Payable & Other Liabilities | 40,859,785 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 463,007,878 |
| Regular shares | 632,532,140 |
| All Other Shares & Deposits | 1,420,266,124 |
| TOTAL SHARES & DEPOSITS | 2,515,806,142 |
| TOTAL LIABILITIES | 2,742,402,041 |
| Regular Reserve | 0 |
| Other Reserves | 80,999,130 |
| Undivided Earnings | 292,793,361 |
| TOTAL EQUITY | 373,792,491 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,116,194,532 |
| INCOME & EXPENSE | |
| Loan Income | 101,664,839 |
| Investment Income | 8,588,908 |
| Other Income | 8,077,084 |
| Total Employee Compensation & Benefits | 40,777,621 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 28,997,235 |
| Non-operating Income & (Expense) | -6,161,731 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,480,442 |
| Cost of Funds | 38,207,360 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,861,913 |
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