Direct Federal Credit Union:

Direct Federal Credit Union was chartered in 1953 and its charter number is 9071. Direct Federal Credit Union's address registered with the NCUA is 50 CABOT STREET, P.O. BOX 9123, NEEDHAM, MA 02494. As of 10/20/06, Direct FCU reported $750,231,360 in assets. The credit union currently has 45,251 members. It's Manager/CEO is David C. Breslin. The credit unions website is www.direct.com

Direct Federal Credit Union is a member of the Massachusetts Credit Union League.


Mortgage Options

Direct Federal Credit Union offers competitive Fixed Rate First Mortgages with 15, 20, 30, and 40-year terms. Direct FCU offers a fixed rate mortgage loan which is a good choice if you want the security of knowing your rate and monthly payment will remain the same for the life of your loan. Adjustable Rate loans offer a very low rate that stays fixed for one, three, five, or seven years, then converts to an adjustable rate. DFCU also offers Fixed Rate Home Equity Loans that allow you to borrow up to 80% of the equity in your home and pay as low as Prime minus 1.00% for life! Their Home Equity Line of Credit allows you to borrow from $20,000 to $300,000 to be used as needed. Jumbo Fixed Rate Mortgages are available up to $1,000,000 and carry slightly higher interest rates.


Direct Federal Credit Union Financial Evaluation

As of December 31, 2006
Total Assets: $745,734,449.00
Total Loans: $654,327,290.00
Net Worth Ratio: 10.07
% Share Growth: 13.76
% Loan Growth: 9.12
Loans/Assets Ratio: 87.74
Loans/Assets Ratio: 10.25
Numbers of Members: 45,870
Number of Full-time Employees: 1.5
 
As of December 31, 2005
Total Assets: $657,234,915.00
Total Loans: $599,613,749.00
Net Worth Ratio: 10.25
% Share Growth: 23.19
% Loan Growth: 24.61
Loans/Assets Ratio: 91.23
Loans/Assets Ratio: 6.72
Numbers of Members: 43,314
Number of Full-time Employees: 2
 
As of December 31, 2004
Total Assets: $540,275,212.00
Total Loans: $481,159,146.00
Net Worth Ratio: 11.38
% Share Growth: 8.5
% Loan Growth: 5.83
Loans/Assets Ratio: 89.05
Loans/Assets Ratio: 8.26
Numbers of Members: 41,022
Number of Full-time Employees: 2
 
 

 
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Other Credit Unions:
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  • Greater West Haven Federal Credit Union serves the financial needs of those who live, work, worship, volunteer or attend school in West Haven.
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  • Milford Federal Credit Unionis open to the entire Milford Community.
  • Middlesex Healthcare Federal Credit Union membership is open to all business organizations in Middlesex County.

Credit Union News:

E-mail scam targets UCCU members
Provo Daily Herald - Feb 16, 2008
Many Utah County residents have recently been the recipient of suspicious e-mails that are supposedly from a local credit union.

Full Story: http://www.heraldextra.com/content/view/255605/17/

Two Companies Receive Employer of Distinction Award
Voice of the Common Man - Feb 8, 2008
The Newfoundland and Labrador Credit Union and PF Collins International Solutions have been named Newfoundland's Employer of Distinction. The award was presented by the provincial Employers Council yesterday in St. John's.

Full Story: http://www.vocm.com/news-info.asp?id=26532

Quarter Horse show starts at arena
The San Angelo Standard-Times - Feb 8, 2008
The skill, balance, flexibility, grace and control of both horse and rider will be on display beginning today and continuing through the weekend during the American Quarter Horse Association Show at the 1st Community Credit Union Spur Arena.

Full Story: http://gosanangelo.com/news/2008/feb/08/quarter-horse-show-starts-at-arena/?partner=yahoo


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