NEFCU meaning in Banking ?

Banking Miscellaneous in Banking . 3 months ago

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What is New England Federal Credit Union mean?

New England Federal Credit Union (NEFCU) is a credit union headquartered in Williston, Vermont, chartered and regulated under the authority of the National Credit Union Administration (NCUA) of the U.S. federal government. Founded in 1961, NEFCU is the largest credit union in Vermont. As of 2012, NEFCU had $916 million in assets, approximately 85,000 members, and 6 branches.

Membership in the credit union is open to anyone who works, lives, or attends schools in Addison, Chittenden, Franklin, Grand Isle, Lamoille, or Washington County. Member deposits in NEFCU are insured for up to $250,000 through the National Credit Union Share Insurance Fund, the credit union equivalent of the Federal Deposit Insurance Corporation.

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Posted on 22 Sep 2024, this text provides information on Banking related to Miscellaneous in Banking. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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