News & Announcements

A message from the President

The current economic crisis has many members asking how Northeast Family Federal Credit Union is doing.  I am pleased to report that your credit union is performing well and is safe and sound. 

 

Northeast Family Federal Credit Union…

  • has a large capital base that is 9% of assets and is considered well capitalized by the National Credit Union Administration.
  • has not participated in predatory sub prime lending.
  • cannot invest in stock, so Northeast Family is not exposed to the unpredictable stock market.
  • members’ deposits are insured up to $250,000 by the National Credit Union Administration and backed by the full faith and credit of the United States Government.*
  • has always adhered to prudent lending standards and only lends to members.  As a result, delinquency and charges offs are manageable.

 

As a cooperative, Northeast Family Federal Credit Union is owned by its members.  We are truly a locally owned financial institution whose mission is service to members. We have money to lend and want your deposits.   If you have questions, feel free to contact me directly at 800-201-2031 extension 123 or through our website www.nefamily.coop.  Thank you for your continued support and confidence in Northeast Family Federal Credit Union.

 

Sincerely,

Joanne Todd

President/CEO

 

* Congress increased Federal Deposit insurance coverage for FDIC and NCUA to $250,000 from October 3rd, 2008 to December 31, 2013.