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NEW ENGLAND FEDERAL CREDIT UNION

Mar, 31, 2021 — NEW ENGLAND FEDERAL CREDIT UNION is a federal credit union headquartered in Williston, VT with 9 branch locations and about $1.84 billion in total assets. Opened 60 years ago in 1961, NEW ENGLAND FEDERAL CREDIT UNION has about 94,702 members and employs 252 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)
P.O. Box 527
Williston, VT 05495
Phone:(802) 879-8790
Fax:
Website:http://www.nefcu.com
Branches:9 branch locations
Members:94,702
Credit Union Type:Federal Credit Union
Charter Number:19263
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1961
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$1,837,563,467
CEO/Manager:John J Dwyer, Jr
Chairperson:Arthur G Woolf

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 202,184,829
TOTAL INVESTMENTS 213,604,979
Loans Held for Sale 28,540,524
 
 Real Estate Loans 1,133,548,937
 Unsecured Loans 53,201,385
 Other Loans 138,123,055
 TOTAL LOANS 1,326,050,986
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,365,779
 Land And Building 29,849,548
 Other Fixed Assets 4,558,446
 NCUSIF Deposit 12,772,679
 All Other Assets 24,367,255
  TOTAL ASSETS 1,837,563,467
LIABILITIES & CAPITAL:  
 Dividends Payable 15,226
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 32,742,788
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 293,227,266
 Regular shares 401,280,663
 All Other Shares & Deposits 897,810,728
  TOTAL SHARES & DEPOSITS 1,592,318,657
  TOTAL LIABILITIES 1,625,076,671
 Regular Reserve 9,387,509
 Other Reserves -2,267,963
 Undivided Earnings 205,367,250
  TOTAL EQUITY 212,486,796
  TOTAL LIABILITIES, SHARES, & EQUITY 1,837,563,467
INCOME & EXPENSE  
 Loan Income 11,745,893
 Investment Income 1,111,036
 Other Income 4,115,269
 Total Employee Compensation & Benefits 6,289,362
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,279,156
 Non-operating Income & (Expense) 36,612
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 450,000
 Cost of Funds 1,943,527
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,054,121
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