New England Federal Credit Union adds rural district with help from CUCollaborate
NEFCU adds ten counties in Vermont, four in New Hampshire
WILLISTON, VT (September 3, 2020) — The National Credit Union Administration (NCUA) recently approved the addition of ten counties to New England Federal Credit Union’s (NEFCU) field of membership. The expansion allows NEFCU to offer its services to anyone who lives, works, worships, studies, or regularly conducts business in the area. The rural district increases NEFCU’s field of membership by 650,000 potential members, an increase of approximately 15% current potential membership.
In Vermont, NEFCU’s expanded field of membership includes Addison, Bennington, Caledonia, Chittenden, Franklin, Grand Isle, Lamoille, Orange, Rutland, Washington, Windham, and Windsor Counties. In New Hampshire, NEFCU’s new field of membership includes Grafton, Cheshire, Sullivan, and Merrimack Counties. To become a member, you need to maintain a $5 “Share” (checking or savings ) account. NEFCU provides solutions tailored to individual needs that empower members to improve their overall quality of life. NEFCU offers a full range of financial products and services with very competitive rates, fewer fees, and unparalleled levels of convenience.
NEFCU enlisted the help of CUCollaborate to add the rural district to their existing field of membership. CUCollaborate provides consulting services to help credit unions expand field of membership with their regulator.
“As Vermont’s largest credit union, we are thrilled to serve more of the state and expand our membership into New Hampshire. The credit union remains committed to providing the same value to these communities as we have for over 50 years to the current membership,” said John J. Dwyer, Jr., NEFCU President and CEO.
“We are excited by NEFCU’s expanded field of membership. Every expansion we assist with furthers our efforts to help Americans improve their financial wellness through access to the superior financial products and services offered by credit unions like NEFCU,” said Sam Brownell, Founder and CEO of CUCollaborate.
About New England Federal Credit Union
New England Federal Credit Union (NEFCU), headquartered in Williston, Vermont is a member-owned financial institution serving communities in twelve counties of Vermont: Addison, Bennington, Caledonia, Chittenden, Franklin, Grand Isle, Lamoille, Orange, Rutland, Washington, Windham, and Windsor; and four counties in New Hampshire: Cheshire, Grafton, Merrimack, and Sullivan. For more information about membership requirements and benefits, visit nefcu.com.
CUCollaborate is a consulting, software development, and digital marketing company whose mission is to help credit unions grow. CUCollaborate primarily focuses on addressing credit unions’ biggest obstacle to growth, field of membership.