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NEW ENGLAND FEDERAL CREDIT UNION

Mar, 31, 2022 — NEW ENGLAND FEDERAL CREDIT UNION is a federal credit union headquartered in WILLISTON, VT with 10 branch locations and about $1.96 billion in total assets. Opened 61 years ago in 1961, NEW ENGLAND FEDERAL CREDIT UNION has about 95,973 members and employs 276 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:http://www.nefcu.com
Branches:10 branch locations
Members:95,973
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$1,960,999,655
CEO/Manager:John J Dwyer, Jr
Chairperson:Arthur G Woolf

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 218,092,533
TOTAL INVESTMENTS 0
Loans Held for Sale 4,975,754
 
 Real Estate Loans 1,206,604,533
 Unsecured Loans 56,605,008
 Other Loans 130,782,515
 TOTAL LOANS 1,395,593,735
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,383,172
 Land And Building 29,079,958
 Other Fixed Assets 5,919,143
 NCUSIF Deposit 14,862,605
 All Other Assets 123,426
  TOTAL ASSETS 1,960,999,655
LIABILITIES & CAPITAL:  
 Dividends Payable 9,564
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 33,715,152
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 314,851,758
 Regular shares 432,889,879
 All Other Shares & Deposits 963,494,823
  TOTAL SHARES & DEPOSITS 1,711,236,460
  TOTAL LIABILITIES 1,744,961,176
 Regular Reserve 0
 Other Reserves -17,453,090
 Undivided Earnings 233,491,569
  TOTAL EQUITY 216,038,479
  TOTAL LIABILITIES, SHARES, & EQUITY 1,960,999,655
INCOME & EXPENSE  
 Loan Income 11,831,013
 Investment Income 1,127,475
 Other Income 1,368,514
 Total Employee Compensation & Benefits 6,683,822
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,938,802
 Non-operating Income & (Expense) 37,347
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 150,000
 Cost of Funds 1,471,934
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,980,997
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