Credit union · NCUA insured
Direct Federal Credit Union
A $789.8M credit union headquartered in Needham, MA, with 23,538 members and 1 branch in Massachusetts. Best rates: savings 0.10% APY.
Direct Federal Credit Union Carrot Score
65
Carrot Score
Higher than 13% of U.S. banks and credit unions
#119 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Direct Federal Credit Union
Starting as a local lender in 1953, Direct Federal Credit Union is headquartered in Needham, Massachusetts.
The credit union serves individuals who live, work, worship, or attend school in Norfolk and Middlesex Counties.
- Headquarters
- 50 Cabot St, Needham, MA 02494
- NCUA charter
- 9071
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone who lives, works (or regularly conducts business in), worships, or attends school in Norfolk or Middlesex Counties.
Family and household
- Membership is open to individuals who have an immediate family member fulfilling the geographic eligibility requirements.
Branches
1 branch in Massachusetts
Loading map…
Massachusetts
1 branch
- Main BranchMain office50 Cabot St, Needham, MA 02494Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 11.36% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.36% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.19% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $114 | $76 | — |
- CapitalNet worth ratio11.36%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.36%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.19%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$114Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Direct Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.